Report Update Nov 1, 2024

Colombia - Cement - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Cement Market 2024

Cement Market Size in Colombia

The Colombian cement market reduced slightly to $X in 2022, dropping by -4% against the previous year. In general, consumption showed a relatively flat trend pattern. Cement consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cement Production in Colombia

In value terms, cement production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cement Exports

Exports from Colombia

After two years of growth, shipments abroad of cement decreased by -11.9% to X tons in 2022. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 621% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cement exports declined sharply to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 494% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Panama (X tons), Venezuela (X tons) and Ecuador (X tons) were the main destinations of cement exports from Colombia, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +79.0%), while the other leaders experienced mixed trend patterns.

In value terms, Venezuela ($X), Panama ($X) and Ecuador ($X) appeared to be the largest markets for cement exported from Colombia worldwide, together comprising 98% of total exports.

Panama, with a CAGR of +63.4%, recorded 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 mixed trend patterns.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, declining by -7.3% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Ecuador ($X per ton), while the average price for exports to Panama ($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 Saint Lucia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Colombia

In 2022, approx. X tons of cement were imported into Colombia; reducing by -17.2% compared with the previous year. In general, imports recorded a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 218% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cement imports dropped to $X in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 146%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ecuador (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of cement imports to Colombia, with a combined 92% 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 Turkey (with a CAGR of +76.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cement suppliers to Colombia were Ecuador ($X), Turkey ($X) and Germany ($X), together accounting for 82% of total imports.

Turkey, with a CAGR of +79.0%, 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 mixed trend patterns.

Import Prices by Country

The average cement import price stood at $X per ton in 2022, increasing by 3.8% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. The import price peaked at $X per ton in 2012; however, from 2013 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 Dominican Republic ($X per ton), while the price for Ecuador ($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 Dominican Republic (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cement in the world?

China constituted the country with the largest volume of cement consumption, comprising approx. 56% of total volume. Moreover, cement consumption in China exceeded the figures recorded by the second-largest consumer, India, sevenfold. The United States ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of cement in the world?

China constituted the country with the largest volume of cement production, comprising approx. 56% of total volume. Moreover, cement production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by the United States, with a 2.4% share.

What are the leading suppliers of cement to Colombia?

In value terms, the largest cement suppliers to Colombia were Turkey and Germany.

What are the leading importers of cement from Colombia?

In value terms, Free Zones, Venezuela and Aruba were the largest markets for cement exported from Colombia worldwide, together comprising 67% of total exports. Ecuador, Peru, Panama and Guatemala lagged somewhat behind, together comprising a further 27%.

What is the average export price for cement in Colombia?

In 2021, the average cement export price amounted to $174 per ton, growing by 14% against the previous year.

What is the average import price for cement in Colombia?

The average cement import price stood at $79 per ton in 2021, declining by -29.5% against the previous year.

This report provides an in-depth analysis of the cement market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23511210 - Portland cement
Prodcom 23511290 - Other hydraulic cements

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023