Colombia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Colombia

The Colombian polypropylene in primary forms market dropped modestly to $X in 2022, declining by -3.3% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Polypropylene in primary forms consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Polypropylene in Primary Forms in Colombia

In value terms, polypropylene in primary forms production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Colombia

In 2022, exports of polypropylene in primary forms from Colombia expanded to X tons, surging by 4.6% compared with 2021 figures. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 37%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports declined rapidly to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Brazil (X tons) was the main destination for polypropylene in primary forms exports from Colombia, accounting for a 27% share of total exports. Moreover, polypropylene in primary forms exports to Brazil exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Free Zones (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.8% per year) and Free Zones (+0.6% per year).

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) were the largest markets for polypropylene in primary forms exported from Colombia worldwide, together accounting for 46% of total exports. Peru, Free Zones, the United States, Venezuela, Bolivia, Ecuador, the Dominican Republic, Guatemala and Costa Rica lagged somewhat behind, together comprising a further 49%.

In terms of the main countries of destination, the United States, with a CAGR of +37.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, reducing by -19.2% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the average price for exports to Ecuador ($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 Mexico (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Colombia

In 2022, polypropylene in primary forms imports into Colombia contracted sharply to X tons, with a decrease of -23.5% on the previous year. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 91%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, polypropylene in primary forms imports dropped dramatically to $X in 2022. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Brazil (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of polypropylene in primary forms imports to Colombia, together accounting for 51% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +59.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and the United States ($X) were the largest polypropylene in primary forms suppliers to Colombia, together comprising 48% of total imports.

Chile, with a CAGR of +57.4%, recorded the highest rates of growth with regard to the value of imports, among 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 polypropylene in primary forms import price amounted to $X per ton, declining by -10.6% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :