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

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

After four years of growth, the Colombian market for plastic fittings for tubes, pipes and hoses decreased by -2.2% to $X in 2021. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Consumption of peaked at $X in 2020, and then fell modestly in the following year.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Colombia

In value terms, production of plastic fittings for tubes, pipes and hoses fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 25% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then declined slightly in the following year.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Colombia

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Colombia soared to X tons, jumping by 27% compared with 2020. Overall, exports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2015 with an increase of 47% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 64%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Panama (X tons) and Guatemala (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Colombia, together accounting for 41% of total exports. These countries were followed by the Dominican Republic, Peru, Mexico, Bolivia, Cuba, Jamaica, Venezuela, Ecuador and Guyana, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Colombia were the United States ($X), Peru ($X) and Panama ($X), together accounting for 44% of total exports.

The United States, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, increasing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Colombia

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Colombia soared to X tons, growing by 20% on the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Costa Rica (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Colombia, with a combined 70% share of total imports. Brazil, Italy, Spain, Israel, Chile, Germany, Venezuela, Canada, Turkey and Mexico lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +54.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Costa Rica ($X) appeared to be the largest plastic fittings for tubes, pipes and hoses suppliers to Colombia, with a combined 55% share of total imports. Brazil, Italy, Israel, Germany, Spain, Canada, Mexico, Turkey, Chile and Venezuela lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Turkey, with a CAGR of +61.5%, 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 plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2015 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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