Colombia: Glass Ampoules Market 2024

Glass Ampoules Market Size in Colombia

In 2022, after three years of decline, there was growth in the Colombian glass ampoules market, when its value increased by 0.5% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Ampoules Production in Colombia

In value terms, glass ampoules production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Glass Ampoules Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in overseas shipments of glass ampoules for packing of goods, when their volume decreased by -7% to X units. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when exports increased by 43%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass ampoules exports reduced to $X in 2022. Overall, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 when exports increased by 35% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for glass ampoules exports from Colombia, accounting for a 87% share of total exports. Moreover, glass ampoules exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at +4.1%.

In value terms, Ecuador ($X) remains the key foreign market for glass ampoules for packing of goods exports from Colombia, comprising 90% of total exports. The second position in the ranking was taken by Peru ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled +3.8%.

Export Prices by Country

The average glass ampoules export price stood at $X per thousand units in 2022, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 14%. The export price peaked at $X per thousand units in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per thousand units), while the average price for exports to Peru totaled $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+21.7%), while the prices for the other major destinations experienced a decline.

Glass Ampoules Imports

Imports into Colombia

In 2022, after three years of decline, there was significant growth in supplies from abroad of glass ampoules for packing of goods, when their volume increased by 346% to X units. Overall, imports, however, continue to indicate a pronounced downturn. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, glass ampoules imports soared to $X in 2022. Over the period under review, imports, however, saw a mild decline. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of glass ampoules to Colombia, accounting for a 84% share of total imports. Moreover, glass ampoules imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.0% per year) and China (-6.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of glass ampoules for packing of goods to Colombia, comprising 89% of total imports. The second position in the ranking was held by India ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.2% per year) and China (-2.3% per year).

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, dropping by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. The import price peaked at $X per thousand units in 2021, and then declined in the following year.

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 Mexico ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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