Colombia: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Colombia

In 2021, the Colombian anti-freezing preparations market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a perceptible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Anti-Freezing Preparations Exports

Exports from Colombia

In 2021, overseas shipments of anti-freezing preparations and prepared de-icing fluids decreased by -50.7% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 25%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, anti-freezing preparations exports contracted sharply to $X in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 30% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Ecuador (X tons) and El Salvador (X tons) were the main destinations of anti-freezing preparations exports from Colombia, with a combined 82% share of total exports. Peru, Trinidad and Tobago and Nicaragua lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of +102.9%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Colombia, comprising 38% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by El Salvador, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-12.4% per year) and El Salvador (+7.8% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, rising by 38% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Chile ($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 Nicaragua (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Colombia

After two years of decline, overseas purchases of anti-freezing preparations and prepared de-icing fluids increased by 95% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports soared to $X in 2021. In general, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2017 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of anti-freezing preparations to Colombia, with a 83% share of total imports. Moreover, anti-freezing preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+30.0% per year) and Brazil (+19.0% per year).

In value terms, the United States ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Colombia, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with a 6.6% share of total imports. It was followed by Mexico, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.8% per year) and Mexico (+24.7% per year).

Import Prices by Country

In 2021, the average anti-freezing preparations import price amounted to $X per ton, reducing by -28.4% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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