Colombia: Steatite Market 2021

Steatite Market Size in Colombia

For the fifth consecutive year, the Colombian steatite market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, the total consumption indicated a measured increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Steatite consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Steatite Exports

Exports from Colombia

In 2019, the amount of steatites exported from Colombia reduced to X tons, falling by -X% against 2018. Over the period under review, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports stood at $X in 2019. Overall, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Guatemala (X tons), Honduras (X tons) and Costa Rica (X tons) were the main destinations of steatite exports from Colombia, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Guatemala (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steatite exported from Colombia were Guatemala ($X), Honduras ($X) and Peru ($X), with a combined X% share of total exports.

Among the main countries of destination, Guatemala (+X% per year) saw 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 steatite export price stood at $X per ton in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Peru ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Colombia

Steatite imports into Colombia reached X tons in 2019, with an increase of X% against the previous year's figure. Overall, total imports indicated a slight expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, steatite imports dropped to $X in 2019. Over the period under review, total imports indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and the U.S. (X tons) were the main suppliers of steatite imports to Colombia, with a combined X% share of total imports. These countries were followed by Pakistan, Peru and Italy, which together accounted for a further X 2007 to 2019, the biggest increases were in Pakistan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steatite suppliers to Colombia were the U.S. ($X), Brazil ($X) and China ($X), together comprising X% of total imports. These countries were followed by Italy, Peru and Pakistan, which together accounted for a further X recorded the highest growth rate of 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

In 2019, the average steatite import price amounted to $X per ton, waning by -X% against the previous year. Overall, import price indicated tangible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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