Colombia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Colombia

The Colombian ferro-cerium and pyrophoric alloys market declined to $X in 2021, waning by -7% against the previous year. Overall, consumption showed a pronounced curtailment. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Colombia

In value terms, ferro-cerium and pyrophoric alloys production fell to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Colombia

Ferro-cerium and pyrophoric alloys exports from Colombia skyrocketed to X tons in 2021, surging by 100% on 2020. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 263% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 280%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), Ecuador (X tons) and Venezuela (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Colombia, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +13.7%), while shipments for the other leaders experienced a decline.

In value terms, Costa Rica ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Colombia, comprising 69% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 25% share of total exports. It was followed by Ecuador, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Costa Rica totaled -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-13.3% per year) and Ecuador (-13.7% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price, however, saw a drastic downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Ecuador ($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 Costa Rica (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Colombia

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys increased by 51% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 215% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. In general, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by 126%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Costa Rica (X tons), the United States (X kg) and Panama (X kg) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Colombia, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +6.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Colombia were Costa Rica ($X), the United States ($X) and France ($X), together accounting for 71% of total imports. These countries were followed by Panama, Switzerland, Brazil and China, which together accounted for a further 9.2%.

In terms of the main suppliers, Switzerland, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :