Colombia: Non-Cellular Polystyrene Film Market 2025

Non-Cellular Polystyrene Film Market Size in Colombia

The Colombian non-cellular polystyrene film market declined remarkably to $X in 2022, reducing by -20.9% 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 saw a slight contraction. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Non-Cellular Polystyrene Film Exports

Exports from Colombia

In 2022, after two years of decline, there was significant growth in shipments abroad of non-cellular polystyrene films, sheets, foil and strip, when their volume increased by 24% to X tons. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-cellular polystyrene film exports stood at $X in 2022. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Spain (X tons) and the Dominican Republic (X tons) were the main destinations of non-cellular polystyrene film exports from Colombia, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +79.5%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Colombia, comprising 63% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 15% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+29.9% per year) and Spain (+80.4% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, with a decrease of -7.1% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 14%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Spain ($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 Peru (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Colombia

In 2022, imports of non-cellular polystyrene films, sheets, foil and strip into Colombia shrank rapidly to X tons, waning by -16.2% compared with the previous year's figure. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film imports dropped markedly to $X in 2022. Over the period under review, imports saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polystyrene film to Colombia, with a 63% share of total imports. Moreover, non-cellular polystyrene film imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+44.2% per year) and the United States (-11.5% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Colombia, comprising 40% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.7% per year) and South Korea (+42.4% per year).

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, declining by -3.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 16%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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