Colombia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Colombia

The Colombian market for articles of cellulose fibre-cement, not containing asbestos rose to $X in 2022, picking up by 2.1% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Colombia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos stood at $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 41%. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Colombia

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -20.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 521%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos fell markedly to $X in 2022. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 269%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Panama (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Colombia, accounting for a 76% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Panama exceeded the volume sent to the second major destination, Ecuador (X tons), ninefold. South Africa (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to +64.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+9.4% per year) and South Africa (-33.6% per year).

In value terms, Panama ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Colombia, comprising 81% of total exports. The second position in the ranking was taken by Chile ($X), with a 6.1% share of total exports. It was followed by Ecuador, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at +56.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+13.0% per year) and Ecuador (+1.9% per year).

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to South Africa ($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 Curacao (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Colombia

In 2022, purchases abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -8.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 479% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos dropped slightly to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 54% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of articles of cellulose fibre-cement, not containing asbestos to Colombia, with a 99% share of total imports. It was followed by the United States (X kg), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +93.5%.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Colombia were China ($X) and the United States ($X).

China, with a CAGR of +108.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, with an increase of 3.7% against the previous year. Over the period under review, the import price, however, faced a deep slump. The growth pace was the most rapid in 2018 an increase of 526% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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