Colombia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Colombia

After three years of decline, the Colombian market for drawn glass and blown glass increased by 3% to $X in 2021. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Colombia

In value terms, drawn glass and blown glass production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from Colombia

For the third year in a row, Colombia recorded growth in shipments abroad of drawn glass and blown glass, which increased by 44% to X square meters in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 238%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, drawn glass and blown glass exports surged to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 298%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Panama (X square meters), the Dominican Republic (X square meters) and Aruba (X square meters) were the main destinations of drawn glass and blown glass exports from Colombia, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +52.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for drawn glass and blown glass exported from Colombia were Aruba ($X), Panama ($X) and the Dominican Republic ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of +119.6%, recorded the highest rates of growth with regard to 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

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, picking up by 46% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Aruba ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Colombia

In 2021, purchases abroad of drawn glass and blown glass decreased by -45.6% to X square meters, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,319%. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, drawn glass and blown glass imports reduced markedly to $X in 2021. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 2,090%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) was the main supplier of drawn glass and blown glass to Colombia, with a 92% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), more than tenfold. Saudi Arabia (X square meters) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+51.1% per year) and Saudi Arabia (+5.9% per year).

In value terms, the largest drawn glass and blown glass suppliers to Colombia were Saudi Arabia ($X), China ($X) and the United States ($X), with a combined 84% share of total imports.

The United States, with a CAGR of +47.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 drawn glass and blown glass stood at $X per square meter in 2021, rising by 28% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 an increase of 101% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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