Colombia: Plaster Market 2025

Plaster Market Size in Colombia

The Colombian plaster market dropped notably to $X in 2022, with a decrease of -17.8% 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). Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Plaster Exports

Exports from Colombia

In 2022, approx. X tons of plaster were exported from Colombia; with an increase of 71% on 2021 figures. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 671%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plaster exports surged to $X in 2022. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 469% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for plaster exports from Colombia, with a 75% share of total exports. Moreover, plaster exports to Brazil exceeded the volume sent to the second major destination, France (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +170.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+67.5% per year) and Panama (-63.9% per year).

In value terms, France ($X) emerged as the key foreign market for plaster exports from Colombia, comprising 42% of total exports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+16.8% per year) and Panama (-62.5% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, which is down by -21.8% against the previous year. Overall, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2016 an increase of 186% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Imports

Imports into Colombia

In 2022, approx. X tons of plaster were imported into Colombia; reducing by -13.7% on 2021 figures. Overall, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plaster imports fell notably to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +28.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 78% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest plaster supplier to Colombia, with a 73% share of total imports. Moreover, plaster imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.3% per year) and Spain (-21.2% per year).

In value terms, the United States ($X) constituted the largest supplier of plaster to Colombia, comprising 80% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.6% per year) and Spain (-17.9% per year).

Import Prices by Country

The average plaster import price stood at $X per ton in 2022, declining by -5.3% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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