Colombia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Colombia

The Colombian market for cellular plates, sheets and films of polyymers of styrene dropped modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Colombia

In value terms, production of cellular plates, sheets and films of polyymers of styrene declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Colombia

After three years of decline, overseas shipments of cellular plates, sheets and films of polyymers of styrene increased by 480% to X tons in 2022. In general, exports, however, showed a pronounced decrease. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Over the period under review, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when exports increased by 395% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Trinidad and Tobago (X tons), Guatemala (X tons) and Peru (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Colombia, with a combined 77% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +82.4%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Trinidad and Tobago ($X) and Nicaragua ($X) were the largest markets for polystyrene cellular plates, sheets and films exported from Colombia worldwide, together comprising 58% of total exports.

Among the main countries of destination, Peru, with a CAGR of +53.1%, 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 export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, waning by -24.1% against the previous year. In general, the export price showed a mild decrease. The growth pace was the most rapid in 2018 an increase of 36%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Guatemala ($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 Panama (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Colombia

In 2022, imports of cellular plates, sheets and films of polyymers of styrene into Colombia contracted markedly to X tons, falling by -18.1% compared with 2021. Overall, imports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 233% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene dropped markedly to $X in 2022. In general, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2013 with an increase of 137% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Colombia, together comprising 81% of total imports. Spain, Mexico and Hong Kong SAR lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Spain ($X) appeared to be the largest polystyrene cellular plates, sheets and films suppliers to Colombia, with a combined 60% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +39.2%, saw the highest rates of growth with regard to 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 import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, falling by -5.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 47%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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