Colombia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Colombia

The Colombian plastic household articles market shrank markedly to $X in 2022, with a decrease of -16.5% 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). Over the period under review, consumption, however, posted measured growth. Over the period under review, the market reached the peak level at $X in 2021, and then reduced notably in the following year.

Plastic Household Articles Exports

Exports from Colombia

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Colombia; dropping by -7.3% against the previous year. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 38%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 39% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Ecuador (X tons) and the Dominican Republic (X tons) were the main destinations of plastic household articles exports from Colombia, with a combined 56% share of total exports. Panama, Peru, Costa Rica, Mexico, Canada, El Salvador, Spain, Chile, Bolivia and Honduras lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +163.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household articles exported from Colombia were the United States ($X), Ecuador ($X) and the Dominican Republic ($X), with a combined 55% share of total exports. Panama, Mexico, Canada, Peru, Costa Rica, El Salvador, Spain, Chile, Honduras and Bolivia lagged somewhat behind, together accounting for a further 32%.

Canada, with a CAGR of +174.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, falling by -3.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($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 Spain (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Colombia

In 2022, the amount of household articles and toilet articles of plastics imported into Colombia dropped markedly to X tons, with a decrease of -15.2% on the previous year's figure. Over the period under review, imports, however, showed perceptible growth. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, plastic household articles imports declined to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +16.6% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 39%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Colombia, accounting for a 79% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-13.2% per year) and Canada (+47.0% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Colombia, comprising 69% of total imports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total imports. It was followed by Peru, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+36.4% per year) and Peru (-12.7% per year).

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, rising by 3.3% against the previous year. In general, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 5.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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