Colombia: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Colombia

The Colombian adhesive bandage market reached $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Adhesive Bandage Production in Colombia

In value terms, adhesive bandage production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 12%. Adhesive bandage production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Adhesive Bandage Exports

Exports from Colombia

In 2022, approx. X tons of adhesive bandages were exported from Colombia; dropping by -4.5% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, adhesive bandage exports fell to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 29%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Argentina (X tons) and the Netherlands (X tons) were the main destinations of adhesive bandage exports from Colombia, together comprising 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +99.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adhesive bandage exported from Colombia were Mexico ($X), Ecuador ($X) and the Netherlands ($X), together accounting for 50% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +94.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, declining by -7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Colombia

After five years of growth, purchases abroad of adhesive bandages decreased by -15.4% to X tons in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, adhesive bandage imports reduced dramatically to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest adhesive bandage supplier to Colombia, accounting for a 57% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.7% per year) and Germany (+33.2% per year).

In value terms, the United States ($X), the UK ($X) and China ($X) constituted the largest adhesive bandage suppliers to Colombia, with a combined 80% share of total imports. Germany, the Dominican Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, the Dominican Republic, with a CAGR of +147.0%, recorded 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

The average adhesive bandage import price stood at $X per ton in 2022, reducing by -7.1% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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