Colombia: Articles Of Peat Market 2024

Articles Of Peat Market Size in Colombia

The Colombian articles of peat market rose markedly to $X in 2022, increasing by 5.7% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Articles Of Peat Production in Colombia

In value terms, articles of peat production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Articles Of Peat Exports

Exports from Colombia

In 2022, shipments abroad of articles of peat decreased by -33% to X kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 357% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2021, and then contracted notably in the following year.

In value terms, articles of peat exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 469%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Ecuador (X kg) was the main destination for articles of peat exports from Colombia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to +8.1%.

In value terms, Ecuador ($X) emerged as the key foreign market for articles of peat exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to +11.3%.

Export Prices by Country

In 2022, the average articles of peat export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of peat export price decreased by -4.7% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 55% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +36.1% per year.

Articles Of Peat Imports

Imports into Colombia

In 2022, articles of peat imports into Colombia declined dramatically to X tons, falling by -23.3% on 2021. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,016% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, articles of peat imports dropped rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,149%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest articles of peat supplier to Colombia, accounting for a 70% share of total imports. Moreover, articles of peat imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +52.0%.

In value terms, the United States ($X) constituted the largest supplier of articles of peat to Colombia, comprising 71% of total imports. The second position in the ranking was held by Canada ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +70.9%.

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, rising by 8.9% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 105%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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