Colombia: Moulds For Metal Market 2024

Moulds For Metal Market Size in Colombia

The Colombian moulds for metal market declined sharply to $X in 2022, which is down by -15.2% 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 showed a deep contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Colombia

In 2022, the amount of moulds for metals exported from Colombia shrank to X tons, reducing by -12.5% against the year before. In general, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of 286% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, moulds for metal exports dropped dramatically to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 151%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for moulds for metal exports from Colombia, with a 50% share of total exports. Moreover, moulds for metal exports to Ecuador exceeded the volume sent to the second major destination, Honduras (X tons), fourfold. The third position in this ranking was taken by the Dominican Republic (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador amounted to +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-5.4% per year) and the Dominican Republic (+24.3% per year).

In value terms, Ecuador ($X) remains the key foreign market for moulds for metals exports from Colombia, comprising 53% of total exports. The second position in the ranking was taken by Honduras ($X), with an 11% share of total exports. It was followed by the United States, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-9.4% per year) and the United States (-7.2% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, waning by -8.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Nicaragua ($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 Jamaica (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Moulds For Metal Imports

Imports into Colombia

In 2022, moulds for metal imports into Colombia shrank rapidly to X tons, declining by -26.3% compared with 2021 figures. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, moulds for metal imports stood at $X in 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest moulds for metal supplier to Colombia, with a 56% share of total imports. Moreover, moulds for metal imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.3% per year) and Taiwan (Chinese) (+5.7% per year).

In value terms, the largest moulds for metal suppliers to Colombia were Brazil ($X), China ($X) and the United States ($X), together comprising 40% of total imports. Taiwan (Chinese), Mexico, Canada, Italy, Panama, Costa Rica and Germany lagged somewhat behind, together comprising a further 41%.

In terms of the main suppliers, Mexico, with a CAGR of +25.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, picking up by 37% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 65% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 Costa Rica ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform