Colombia: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Colombia

The Colombian market for clays for construction and industrial use dropped significantly to $X in 2022, with a decrease of -15.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Exports of Clays For Construction and Industrial Use

Exports from Colombia

In 2022, overseas shipments of clays for construction and industrial use increased by 6.2% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 149% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of clays for construction and industrial use fell markedly to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Ecuador (X tons) was the main destination for exports of clays for construction and industrial use from Colombia, with a 87% share of total exports. Moreover, exports of clays for construction and industrial use to Ecuador exceeded the volume sent to the second major destination, Venezuela (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador amounted to +12.6%.

In value terms, Ecuador ($X) remains the key foreign market for clays for construction and industrial use exports from Colombia, comprising 86% of total exports. The second position in the ranking was held by Venezuela ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador stood at +1.1%.

Export Prices by Country

The average export price for clays for construction and industrial use stood at $X per ton in 2022, which is down by -28.2% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Venezuela amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Clays For Construction and Industrial Use

Imports into Colombia

In 2022, the amount of clays for construction and industrial use imported into Colombia contracted to X tons, which is down by -12.6% on 2021 figures. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, imports of clays for construction and industrial use reduced to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The United States (X tons), Spain (X tons) and the UK (X tons) were the main suppliers of imports of clays for construction and industrial use to Colombia, together accounting for 86% of total imports. Mexico, Belgium and Brazil lagged somewhat behind, together comprising a further 8.8%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +279.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of clays for construction and industrial use to Colombia, comprising 55% of total imports. The second position in the ranking was taken by Spain ($X), with a 24% share of total imports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.2% per year) and the UK (+4.5% per year).

Import Prices by Country

The average import price for clays for construction and industrial use stood at $X per ton in 2022, declining by -1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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