Colombia: Non-Alloy Aluminium Bar Market 2025

Non-Alloy Aluminium Bar Market Size in Colombia

The Colombian non-alloy aluminium bar market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a abrupt contraction. Non-alloy aluminium bar consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Colombia

In 2021, overseas shipments of non-alloy aluminium bars, rods and profiles increased by 214% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 822% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, non-alloy aluminium bar exports soared to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 609% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for non-alloy aluminium bar exports from Colombia, with a 57% share of total exports. Moreover, non-alloy aluminium bar exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), threefold. The third position in this ranking was held by Guatemala (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +118.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+32.8% per year) and Guatemala (+2.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Colombia, comprising 50% of total exports. The second position in the ranking was held by Panama ($X), with a 21% share of total exports. It was followed by Guatemala, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +100.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+27.4% per year) and Guatemala (+1.0% per year).

Export Prices by Country

In 2021, the average non-alloy aluminium bar export price amounted to $X per ton, which is down by -3.6% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2014 an increase of 47%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Panama ($X per ton), while the average price for exports to the United States ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+56.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Alloy Aluminium Bar Imports

Imports into Colombia

In 2021, after three years of decline, there was significant growth in overseas purchases of non-alloy aluminium bars, rods and profiles, when their volume increased by 87% to X tons. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 99% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-alloy aluminium bar imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced contraction. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-alloy aluminium bar to Colombia, with a 49% share of total imports. Moreover, non-alloy aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.7% per year) and Germany (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Colombia, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and Spain (+7.7% per year).

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2021, surging by 6.3% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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