Colombia: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Colombia

In 2022, the Colombian articles of fiber cement market increased by 15% to $X for the first time since 2012, thus ending a nine-year declining trend. In general, consumption, however, saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Colombia

In value terms, articles of fiber cement production declined modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Colombia

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Colombia declined dramatically to X tons, shrinking by -33.9% compared with the previous year's figure. In general, exports saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, articles of fiber cement exports dropped remarkably to $X in 2022. Over the period under review, exports showed a slight downturn. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Ecuador (X tons), Panama (X tons) and Curacao (X tons) were the main destinations of articles of fiber cement exports from Colombia, together accounting for 81% of total exports. The United States, Brazil, Mexico, Venezuela, Suriname and Trinidad and Tobago lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +49.7%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Ecuador ($X) and the United States ($X) appeared to be the largest markets for articles of fiber cement exported from Colombia worldwide, with a combined 81% share of total exports. Curacao, Brazil, Suriname, Trinidad and Tobago, Venezuela and Mexico lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Brazil, with a CAGR of +46.4%, recorded the highest growth rate of 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

In 2022, the average articles of fiber cement export price amounted to $X per ton, jumping by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs 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 States ($X per ton), while the average price for exports to Mexico ($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 the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Colombia

In 2022, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 88% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. Overall, imports posted a mild increase. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Panama (X tons) constituted the largest supplier of articles of fiber cement to Colombia, with a 66% share of total imports. Moreover, articles of fiber cement imports from Panama exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. Chile (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Panama stood at +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.6% per year) and Chile (+52.5% per year).

In value terms, Panama ($X), Peru ($X) and Germany ($X) appeared to be the largest articles of fiber cement suppliers to Colombia, together comprising 54% of total imports. China, Honduras, Chile and Costa Rica lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Honduras, with a CAGR of +32.8%, 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 articles of fiber cement import price stood at $X per ton in 2022, with a decrease of -13.9% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 78%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+90.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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