Colombia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Colombia

After two years of growth, the Colombian market for other plastic tubes, pipes and hoses decreased by -15.8% to $X in 2022. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Colombia

Exports of other plastic tubes, pipes and hoses from Colombia contracted to X tons in 2022, declining by -14.5% against the previous year. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 487%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of other plastic tubes, pipes and hoses contracted significantly to $X in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 273% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Colombia, accounting for a 88% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to Peru exceeded the volume sent to the second major destination, Panama (X tons), more than tenfold. The third position in this ranking was held by Guatemala (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+18.4% per year) and Guatemala (+19.2% per year).

In value terms, Peru ($X) emerged as the key foreign market for other plastic tubes, pipes and hoses exports from Colombia, comprising 79% of total exports. The second position in the ranking was taken by Panama ($X), with a 5.8% share of total exports. It was followed by Ecuador, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+22.3% per year) and Ecuador (-6.9% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, dropping by -4.3% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Peru ($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 Venezuela (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Colombia

In 2022, purchases abroad of other plastic tubes, pipes and hoses decreased by -10% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, imports of other plastic tubes, pipes and hoses fell remarkably to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 67%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to Colombia, accounting for a 65% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.0% per year) and Brazil (+36.5% per year).

In value terms, the largest other plastic tubes, pipes and hoses suppliers to Colombia were China ($X), the United States ($X) and Brazil ($X), together comprising 78% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +19.6%, recorded the highest rates of growth with regard to 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

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, shrinking by -9.7% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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