Colombia: Plastic Supports Market 2025

Plastic Supports Market Size in Colombia

The Colombian plastic supports market expanded modestly to $X in 2022, surging by 2.5% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Plastic supports consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Supports Production in Colombia

In value terms, plastic supports production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Supports Exports

Exports from Colombia

Plastic supports exports from Colombia contracted rapidly to X tons in 2022, waning by -52.2% against the previous year. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 165%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports expanded rapidly to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 73%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for plastic supports exports from Colombia, accounting for a 84% share of total exports. Moreover, plastic supports exports to Guatemala exceeded the volume sent to the second major destination, Panama (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +148.0%.

In value terms, the largest markets for plastic supports exported from Colombia were Panama ($X) and Guatemala ($X).

Among the main countries of destination, Guatemala, with a CAGR of +103.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, picking up by 122% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 126% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 Panama ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+89.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Supports Imports

Imports into Colombia

After two years of growth, purchases abroad of spools, cops, bobbins and similar supports of plastics decreased by -37% to X tons in 2022. Overall, imports, however, showed tangible growth. The growth pace was the most rapid in 2021 when imports increased by 279% against the previous year. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, plastic supports imports contracted remarkably to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 260%. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastic supports imports to Colombia, together comprising 72% of total imports. The United States, France, India and Spain lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to Colombia, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Italy (-2.4% per year).

Import Prices by Country

In 2022, the average plastic supports import price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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