Colombia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Colombia

The Colombian silicon dioxide market skyrocketed to $X in 2021, jumping by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silicon Dioxide Exports

Exports from Colombia

Silicon dioxide exports from Colombia surged to X tons in 2021, increasing by 112% compared with the previous year's figure. Overall, exports saw slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 246%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, silicon dioxide exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for silicon dioxide exports from Colombia, with a 60% share of total exports. Moreover, silicon dioxide exports to Nicaragua exceeded the volume sent to the second major destination, Honduras (X tons), fourfold. The third position in this ranking was held by Ecuador (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nicaragua stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-14.0% per year) and Ecuador (+7.3% per year).

In value terms, Nicaragua ($X), Costa Rica ($X) and Ecuador ($X) were the largest markets for silicon dioxide exported from Colombia worldwide, with a combined 53% share of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of +29.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, jumping by 36% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-4.3%), while the prices for the other major destinations experienced a decline.

Silicon Dioxide Imports

Imports into Colombia

Silicon dioxide imports into Colombia soared to X tons in 2021, jumping by 23% compared with the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of silicon dioxide imports to Colombia, with a combined 74% share of total imports. These countries were followed by South Africa, Germany, Hong Kong SAR and Venezuela, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Brazil ($X) appeared to be the largest silicon dioxide suppliers to Colombia, with a combined 60% share of total imports. Venezuela, Germany, South Africa and Hong Kong SAR lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, South Africa, with a CAGR of +41.3%, 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 2021, the average silicon dioxide import price amounted to $X per ton, increasing by 8.2% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Venezuela ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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