Colombia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Colombia

The Colombian propylene polymer rigid pipes market expanded slightly to $X in 2022, picking up by 2.2% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -7.5% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Colombia

In value terms, propylene polymer rigid pipes production stood at $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 -10.2% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 47%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Colombia

Propylene polymer rigid pipes exports from Colombia shrank markedly to X tons in 2022, reducing by -41.6% against 2021 figures. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 654% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports dropped remarkably to $X in 2022. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 684%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for propylene polymer rigid pipes exports from Colombia, with a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at +180.9%.

In value terms, Ecuador ($X) also remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled +193.6%.

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, leveling off at the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene polymer rigid pipes export price increased by +105.7% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +43.9% per year.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Colombia

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were imported into Colombia; which is down by -23.8% against 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 106% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, propylene polymer rigid pipes imports fell rapidly to $X in 2022. Overall, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 103%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of propylene polymer rigid pipes to Colombia, with a 21% share of total imports. Moreover, propylene polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+29.5% per year) and Spain (+38.1% per year).

In value terms, the largest propylene polymer rigid pipes suppliers to Colombia were China ($X), Spain ($X) and Chile ($X), with a combined 30% share of total imports. Germany, Portugal, the United States, Turkey and Mexico lagged somewhat behind, together accounting for a further 11%.

Portugal, with a CAGR of +31.7%, saw 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

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, waning by -2.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 16%. The import price peaked at $X per ton in 2016; however, from 2017 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 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 Mexico (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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