Colombia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Colombia

The Colombian market for ready-mixed concrete and factory made mortars stood at $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ready-Mixed Concrete And Factory Made Mortars in Colombia

In value terms, production of ready-mixed concrete and factory made mortars totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Colombia

In 2022, overseas shipments of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars surged to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X tons), Venezuela (X tons) and Ecuador (X tons) were the main destinations of exports of ready-mixed concrete and factory made mortars from Colombia, together comprising X% of total exports. Curacao, Peru, Costa Rica, Aruba, Guatemala and the Dominican Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for ready-mixed concrete and factory made mortar exported from Colombia were Ecuador ($X), Panama ($X) and Venezuela ($X), with a combined X% share of total exports. Peru, Costa Rica, Curacao, Aruba, Guatemala and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

Curacao, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for ready-mixed concrete and factory made mortars amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Colombia

For the third year in a row, Colombia recorded decline in supplies from abroad of ready-mixed concrete and factory made mortars, which decreased by X% to X tons in 2022. In general, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and the United States (X tons) were the main suppliers of imports of ready-mixed concrete and factory made mortars to Colombia, with a combined X% share of total imports. Chile, Ecuador, Germany, Peru and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the United States ($X) constituted the largest ready-mixed concrete and factory made mortar suppliers to Colombia, together comprising X% of total imports. Germany, Chile, Peru, Mexico and Ecuador lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a perceptible downturn. The import price peaked 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 ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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