Colombia: Plaster Article Market 2024

Plaster Article Market Size in Colombia

The Colombian plaster article market rose to $X in 2021, picking up by 2.6% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plaster article consumption peaked in 2021 and is likely to see steady growth in years to come.

Plaster Article Production in Colombia

In value terms, plaster article production rose slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plaster Article Exports

Exports from Colombia

In 2021, exports of articles of plaster or of compositions based on plaster from Colombia rose remarkably to X tons, growing by 9.4% against the previous year. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 3,339% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, plaster article exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 1,609%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for plaster article exports from Colombia, with a 50% share of total exports. Moreover, plaster article exports to Ecuador exceeded the volume sent to the second major destination, Panama (X tons), twofold. The third position in this ranking was held by Trinidad and Tobago (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+210.8% per year) and Trinidad and Tobago (+2.1% per year).

In value terms, Ecuador ($X) remains the key foreign market for plaster article exports from Colombia, comprising 47% of total exports. The second position in the ranking was held by Panama ($X), with an 18% share of total exports. It was followed by Trinidad and Tobago, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+105.2% per year) and Trinidad and Tobago (+1.2% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, picking up by 7.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Aruba ($X per ton), while the average price for exports to Jamaica ($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 Venezuela (+499.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Colombia

In 2021, overseas purchases of articles of plaster or of compositions based on plaster increased by 19% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when imports increased by 79%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Free Zones (X tons) was the main supplier of plaster article to Colombia, with a 97% share of total imports. It was followed by Mexico (X tons), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Free Zones was relatively modest.

In value terms, Free Zones ($X) constituted the largest supplier of plaster article to Colombia, comprising 93% of total imports. The second position in the ranking was held by Mexico ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Free Zones totaled -2.2%.

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, growing by 3.1% against the previous year. Overall, the import price, however, saw a slight descent. The growth pace was the most rapid in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Free Zones amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.6%).

Source: IndexBox Platform

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