Report Update Nov 1, 2024

Colombia - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Abrasives Market 2024

Abrasives Market Size in Colombia

In 2021, the Colombian abrasives market increased by 12% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Abrasives Exports

Exports from Colombia

In 2021, exports of abrasives (natural) from Colombia contracted dramatically to X tons, with a decrease of -16.3% against the previous year. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 277%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, abrasives exports fell markedly to $X in 2021. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 146%. The exports peaked at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Honduras (X tons) was the main destination for abrasives exports from Colombia, with a 79% share of total exports. Moreover, abrasives exports to Honduras exceeded the volume sent to the second major destination, Aruba (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Honduras was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (0.0% per year) and Peru (-21.5% per year).

In value terms, the largest markets for abrasives exported from Colombia were Aruba ($X), Honduras ($X) and Peru ($X), together comprising 98% of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, shrinking by -18% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 260%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Aruba ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+27.8%), while the prices for the other major destinations experienced mixed trend patterns.

Abrasives Imports

Imports into Colombia

In 2021, purchases abroad of abrasives (natural) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a pronounced contraction. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, abrasives imports fell to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 26%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Ecuador (X tons) constituted the largest abrasives supplier to Colombia, accounting for a 75% share of total imports. Moreover, abrasives imports from Ecuador exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.3% per year) and Germany (+40.7% per year).

In value terms, China ($X), Ecuador ($X) and the United States ($X) constituted the largest abrasives suppliers to Colombia, with a combined 72% share of total imports. India, Poland and Germany lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Poland, with a CAGR of +121.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average abrasives import price amounted to $X per ton, waning by -28.3% against the previous year. Overall, the import price, however, saw resilient growth. The growth pace was the most rapid in 2019 an increase of 107% against the previous year. The import price peaked at $X per ton in 2020, and then contracted dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for abrasives (natural) in the world?

Turkey constituted the country with the largest volume of abrasives consumption, accounting for 44% of total volume. Moreover, abrasives consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of abrasives (natural) in the world?

Turkey constituted the country with the largest volume of abrasives production, comprising approx. 43% of total volume. Moreover, abrasives production in Turkey exceeded the figures recorded by the second-largest producer, Greece, fourfold. The third position in this ranking was occupied by China, with a 9% share.

What are the leading suppliers of abrasives (natural) to Colombia?

In value terms, China, Ecuador and the United States were the largest abrasives suppliers to Colombia, together accounting for 78% of total imports. Spain, Poland and Germany lagged somewhat behind, together accounting for a further 17%.

What are the leading importers of abrasives (natural) from Colombia?

In value terms, the largest markets for abrasives exported from Colombia were Aruba and Honduras.

What is the average export price for abrasives (natural) in Colombia?

The average abrasives export price stood at $234 per ton in 2021, falling by -60.4% against the previous year.

What is the average import price for abrasives (natural) in Colombia?

In 2021, the average abrasives import price amounted to $146 per ton, increasing by 20% against the previous year.

This report provides an in-depth analysis of the abrasives market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
Prodcom 08992220 -
Prodcom 08992230 -

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023