Colombia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Colombia

The Colombian prepared additives for cements market fell modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Colombia

In value terms, prepared additives for cements production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 27% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Colombia

In 2022, approx. X tons of prepared additives for cements, mortars or concretes were exported from Colombia; waning by -17.5% on 2021 figures. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared additives for cements exports reduced notably to $X in 2022. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 82%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), Peru (X tons) and Panama (X tons) were the main destinations of prepared additives for cements exports from Colombia, with a combined 66% share of total exports. Ecuador, Guatemala, the United States, the Dominican Republic and Venezuela lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +57.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from Colombia were Costa Rica ($X), Ecuador ($X) and Peru ($X), together comprising 68% of total exports. Panama, Guatemala, the United States, the Dominican Republic and Venezuela lagged somewhat behind, together accounting for a further 25%.

Guatemala, with a CAGR of +53.9%, 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

In 2022, the average prepared additives for cements export price amounted to $X per ton, falling by -6% against the previous year. In general, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Guatemala ($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 Venezuela (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Colombia

In 2022, approx. X tons of prepared additives for cements, mortars or concretes were imported into Colombia; which is down by -9.2% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 52%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports fell to $X in 2022. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest prepared additives for cements supplier to Colombia, with a 69% share of total imports. Moreover, prepared additives for cements imports from South Korea exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was taken by Russia (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +84.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.9% per year) and Russia (+44.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Colombia, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +82.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.1% per year) and China (-8.7% per year).

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, declining by -4.3% against the previous year. In general, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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