Colombia: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Colombia

In 2021, the Colombian chloride oxides of metal market increased by 5.1% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption recorded tangible growth. Chloride oxides of metal consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Colombia

In value terms, chloride oxides of metal production expanded to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Chloride oxides of metal production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Colombia

In 2021, the amount of chloride oxides and chloride hydroxides of copper and other metals exported from Colombia plummeted to X tons, dropping by -17.1% on the previous year. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 62% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined markedly in the following year.

In value terms, chloride oxides of metal exports dropped to $X in 2021. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 78% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then dropped in the following year.

Exports by Country

Chile (X tons), Costa Rica (X tons) and Panama (X tons) were the main destinations of chloride oxides of metal exports from Colombia, together accounting for 51% of total exports. The Dominican Republic, Peru, Venezuela, the United States, Guatemala, Honduras and Ecuador lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +87.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chloride oxides of metal exported from Colombia were Chile ($X), Costa Rica ($X) and Panama ($X), with a combined 47% share of total exports. These countries were followed by the Dominican Republic, Peru, Venezuela, the United States, Guatemala, Honduras and Ecuador, which together accounted for a further 48%.

Guatemala, with a CAGR of +91.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, with an increase of 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Guatemala ($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 Ecuador (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Colombia

Chloride oxides of metal imports into Colombia dropped to X tons in 2021, reducing by -9.3% compared with the previous year. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, chloride oxides of metal imports expanded slightly to $X in 2021. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 43%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and China (X tons) were the main suppliers of chloride oxides of metal imports to Colombia, together accounting for 86% of total imports. These countries were followed by Peru, India, Chile and Japan, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +52.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chloride oxides of metal suppliers to Colombia were the United States ($X), Peru ($X) and Mexico ($X), together comprising 67% of total imports. These countries were followed by Chile, China, India and Japan, which together accounted for a further 33%.

India, with a CAGR of +71.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chloride oxides of metal import price amounted to $X per ton, surging by 15% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 22%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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