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

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

The Colombian market for rigid tubes, pipes and hoses of polymers of vinyl chloride dropped to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Colombia

In value terms, vinyl chloride polymer rigid pipes production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 16%. Vinyl chloride polymer rigid pipes production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Colombia

Vinyl chloride polymer rigid pipes exports from Colombia declined to X tons in 2022, waning by -13.1% compared with 2021. In general, exports, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 74% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, vinyl chloride polymer rigid pipes exports shrank to $X in 2022. Overall, exports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2017 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons), Cuba (X tons) and Malaysia (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Colombia, with a combined 77% share of total exports. Mexico, Guatemala, Suriname, Bolivia and Venezuela lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +85.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Colombia, comprising 49% of total exports. The second position in the ranking was taken by Cuba ($X), with a 19% share of total exports. It was followed by Malaysia, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-1.6% per year) and Malaysia (+59.5% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Cuba ($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 Guatemala (+9.2%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Colombia

Vinyl chloride polymer rigid pipes imports into Colombia plummeted to X tons in 2022, declining by -17.7% compared with the year before. In general, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 87%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 97% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Costa Rica (X tons), Venezuela (X tons) and the United States (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Colombia, together comprising 70% of total imports. China, Italy and Mexico lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Costa Rica ($X) and China ($X) appeared to be the largest vinyl chloride polymer rigid pipes suppliers to Colombia, together comprising 67% of total imports.

Among the main suppliers, Costa Rica, with a CAGR of +14.6%, recorded the highest growth rate of 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 rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, dropping by -8.5% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Mexico ($X per ton), while the price for Venezuela ($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 (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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