Colombia: Safety Glass Market 2024

Safety Glass Market Size in Colombia

The Colombian safety glass market stood at $X in 2022, surging by 2.2% against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. Safety glass consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Safety Glass Production in Colombia

In value terms, safety glass production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Safety glass production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Safety Glass Exports

Exports from Colombia

In 2022, overseas shipments of safety glass increased by 30% to X square meters, rising for the second year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, safety glass exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X square meters) was the main destination for safety glass exports from Colombia, accounting for a 46% share of total exports. Moreover, safety glass exports to Mexico exceeded the volume sent to the second major destination, the United States (X square meters), twofold. The third position in this ranking was taken by Guatemala (X square meters), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.8% per year) and Guatemala (+14.2% per year).

In value terms, Mexico ($X) remains the key foreign market for safety glass exports from Colombia, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.2% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Mexico totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.1% per year) and Germany (-5.0% per year).

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, with a decrease of -40% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per square meter, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Colombia

In 2022, the amount of safety glass imported into Colombia reached X square meters, growing by 1.9% compared with the previous year. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, safety glass imports dropped markedly to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest safety glass supplier to Colombia, accounting for a 73% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X square meters), more than tenfold. The third position in this ranking was held by Turkey (X square meters), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+36.2% per year) and Turkey (+119.1% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Colombia, comprising 80% of total imports. The second position in the ranking was held by Mexico ($X), with a 9.8% share of total imports. It was followed by Ecuador, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.8% per year) and Ecuador (+34.5% per year).

Import Prices by Country

In 2021, the average safety glass import price amounted to $X per square meter, almost unchanged from the previous year. In general, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 13%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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