Colombia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Colombia

The Colombian market for plastics pipes and pipe fittings shrank slightly to $X in 2022, falling by -2.4% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +2.4% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Colombia

In value terms, plastics pipe and pipe fitting production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Plastics pipe and pipe fitting production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Colombia

In 2022, approx. X tons of plastics pipes and pipe fittings were exported from Colombia; falling by -14% compared with 2021 figures. Over the period under review, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 69%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports shrank sharply to $X in 2022. In general, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 64%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for plastics pipe and pipe fitting exports from Colombia, accounting for a 51% share of total exports. Moreover, plastics pipe and pipe fitting exports to Panama exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Cuba (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.5% per year) and Cuba (-0.1% per year).

In value terms, Panama ($X) emerged as the key foreign market for plastics pipes and pipe fittings exports from Colombia, comprising 46% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Peru, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.9% per year) and Peru (-14.9% per year).

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, falling by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Cuba ($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 (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Colombia

Plastics pipe and pipe fitting imports into Colombia reduced to X tons in 2022, with a decrease of -8.8% compared with 2021. In general, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports declined to $X in 2022. Over the period under review, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Costa Rica (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Colombia, with a combined 54% share of total imports. Chile, Venezuela, Italy, Brazil, Germany, Spain and Mexico lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Colombia were the United States ($X), China ($X) and Costa Rica ($X), with a combined 51% share of total imports.

In terms of the main suppliers, China, with a CAGR of +6.4%, saw the highest growth rate of 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 plastics pipes and pipe fittings stood at $X per ton in 2022, with a decrease of -6.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Brazil ($X per ton), while the price for Venezuela ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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