Colombia: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Colombia

The Colombian enamels and glazes market surged to $X in 2021, growing by 52% 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). In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Enamels And Glazes Exports

Exports from Colombia

In 2021, exports of vitrifiable enamels and glazes for ceramics, enamelling or glass from Colombia amounted to X tons, picking up by 12% compared with the previous year. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 2,834%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, enamels and glazes exports skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 3,257% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Aruba (X tons), Panama (X tons) and Peru (X kg) were the main destinations of enamels and glazes exports from Colombia, together accounting for 92% of total exports. These countries were followed by Bolivia, Brazil, Spain and Italy, which together accounted for a further 4.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +39.2%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Bolivia ($X) and Panama ($X) appeared to be the largest markets for enamels and glazes exported from Colombia worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +147.5%, saw the highest rates of growth with regard to 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 enamels and glazes export price stood at $X per ton in 2021, jumping by 36% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 72% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Aruba ($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 Peru (+68.1%), while the prices for the other major destinations experienced more modest paces of growth.

Enamels And Glazes Imports

Imports into Colombia

In 2021, approx. X tons of vitrifiable enamels and glazes for ceramics, enamelling or glass were imported into Colombia; growing by 73% compared with the year before. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, enamels and glazes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period 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

In 2021, Spain (X tons) constituted the largest supplier of enamels and glazes to Colombia, with a 50% share of total imports. Moreover, enamels and glazes imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-9.8% per year) and the United States (+1.3% per year).

In value terms, Spain ($X) constituted the largest supplier of vitrifiable enamels and glazes for ceramics, enamelling or glass to Colombia, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.8% per year) and Mexico (-7.9% per year).

Import Prices by Country

In 2021, the average enamels and glazes import price amounted to $X per ton, shrinking by -17.2% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 4.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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