Colombia: Kaolin Market 2024

Kaolin Market Size in Colombia

The Colombian kaolin market skyrocketed to $X in 2021, growing by 44% against the previous year. In general, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Kaolin Production in Colombia

In value terms, kaolin production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 678% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Kaolin Exports

Exports from Colombia

In 2021, approx. X tons of kaolin and kaolinic clays were exported from Colombia; jumping by 290% against 2020 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, kaolin exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons), Ecuador (X tons) and the United States (X tons) were the main destinations of kaolin exports from Colombia, with a combined 69% share of total exports. Belgium, Costa Rica, Portugal, Brazil, Spain, Honduras, the Netherlands, Panama, Free Zones and the Dominican Republic lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +156.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for kaolin and kaolinic clays exports from Colombia, comprising 42% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+5.3% per year) and the United States (+72.4% per year).

Export Prices by Country

In 2021, the average kaolin export price amounted to $X per ton, which is down by -22.2% against the previous year. In general, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Ecuador ($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 (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Kaolin Imports

Imports into Colombia

In 2021, approx. X tons of kaolin and kaolinic clays were imported into Colombia; growing by 68% against the year before. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, kaolin imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), the UK (X tons) and China (X tons) were the main suppliers of kaolin imports to Colombia, with a combined 60% share of total imports. These countries were followed by Spain, France, Ukraine and Brazil, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of kaolin and kaolinic clays to Colombia, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and the UK (+3.7% per year).

Import Prices by Country

The average kaolin import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :