Colombia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Colombia

The Colombian market for flexible tubes, pipes and hoses of plastics, with fittings expanded modestly to $X in 2022, increasing by 2.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Colombia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings expanded slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Colombia

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings decreased by -13.8% to X tons, falling for the second consecutive year after three years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 156% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings reduced dramatically to $X in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 127% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons), Peru (X tons) and Mexico (X kg) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Colombia, together comprising 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +46.5%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with fittings exported from Colombia were Venezuela ($X), Peru ($X) and Mexico ($X), together comprising 93% of total exports.

Peru, with a CAGR of +44.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, waning by -8.3% against the previous year. In general, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2021 an increase of 165%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Ecuador ($X per ton), while the average price for exports to Mexico ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Colombia

In 2022, imports of flexible tubes, pipes and hoses of plastics, with fittings into Colombia soared to X tons, jumping by 28% against 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings expanded notably to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Colombia, accounting for a 86% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+42.6% per year) and the United States (-17.6% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Colombia, comprising 64% of total imports. The second position in the ranking was held by Spain ($X), with a 5.7% share of total imports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+50.3% per year) and the United States (-5.3% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, which is down by -12.6% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($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 United States (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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