Colombia: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Colombia

The Colombian polishes for coachwork market dropped to $X in 2022, which is down by -3.2% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Polishes for coachwork consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in Colombia

In value terms, polishes for coachwork production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14% against the previous year. Polishes for coachwork production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports from Colombia

After two years of growth, shipments abroad of polishes for coachwork decreased by -31.2% to X tons in 2022. In general, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports shrank markedly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 175%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Peru (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of polishes for coachwork exports from Colombia, together comprising 87% of total exports. El Salvador, Bolivia and Venezuela lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +39.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for polishes for coachwork exported from Colombia were Peru ($X), Ecuador ($X) and Chile ($X), with a combined 83% share of total exports. El Salvador, Bolivia and Venezuela lagged somewhat behind, together accounting for a further 14%.

El Salvador, with a CAGR of +45.0%, recorded the highest growth rate of 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 polishes for coachwork export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Bolivia ($X per ton), while the average price for exports to Ecuador ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Colombia

Polishes for coachwork imports into Colombia shrank to X tons in 2022, with a decrease of -11.7% against 2021. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, polishes for coachwork imports shrank remarkably to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 66%. Over the period under review, imports hit record highs at $X in 2021, and then fell sharply in the following year.

Imports by Country

China (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of polishes for coachwork imports to Colombia, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Colombia were the United States ($X), Brazil ($X) and China ($X), together accounting for 80% of total imports.

China, with a CAGR of +23.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polishes for coachwork import price amounted to $X per ton, shrinking by -4.2% against the previous year. Over the period under review, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2014 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Germany (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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