Colombia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Colombia

The Colombian multiple-walled insulating glass unit market expanded slightly to $X in 2021, growing by 4.8% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Colombia

In value terms, multiple-walled insulating glass unit production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Colombia

In 2021, shipments abroad of multiple-walled insulating units of glass decreased by -35% to X square meters, falling for the third year in a row after two years of growth. Over the period under review, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 750%. Over the period under review, the exports reached the peak figure at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports contracted significantly to $X in 2021. In general, exports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 704%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for multiple-walled insulating glass unit exports from Colombia, accounting for a 87% share of total exports. Moreover, multiple-walled insulating glass unit exports to the United States exceeded the volume sent to the second major destination, Guatemala (X square meters), more than tenfold. Mexico (X square meters) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +58.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-1.6% per year) and Mexico (+15.6% per year).

In value terms, the United States ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Colombia, comprising 88% of total exports. The second position in the ranking was held by Guatemala ($X), with a 3.3% share of total exports. It was followed by Mexico, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-10.5% per year) and Mexico (+13.7% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, waning by -12.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 an increase of 20%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Colombia

In 2021, supplies from abroad of multiple-walled insulating units of glass was finally on the rise to reach X square meters after two years of decline. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2021. In general, imports posted significant growth. The growth pace was the most rapid in 2015 when imports increased by 171% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Colombia, with a 72% share of total imports. Moreover, multiple-walled insulating glass unit imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X square meters), fivefold. The United States (X square meters) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +88.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+24.2% per year) and the United States (+1.7% per year).

In value terms, Spain ($X) constituted the largest supplier of multiple-walled insulating units of glass to Colombia, comprising 81% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.6% share of total imports. It was followed by China, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.7% per year) and China (+52.8% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, dropping by -13.1% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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