Colombia: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Colombia

The Colombian market for non-soap washing and cleaning preparations reduced slightly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Non-Soap Washing and Cleaning Preparations in Colombia

In value terms, non-soap washing and cleaning preparations production dropped modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Colombia

In 2022, overseas shipments of non-soap washing and cleaning preparations decreased by -5.8% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, non-soap washing and cleaning preparations exports shrank slightly to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 37%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Peru (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of non-soap washing and cleaning preparations exports from Colombia, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +27.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Ecuador ($X) and Chile ($X) constituted the largest markets for non-soap washing and cleaning preparations exported from Colombia worldwide, together comprising 75% of total exports.

Chile, with a CAGR of +18.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, with an increase of 3.1% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 3.6% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Colombia

In 2022, approx. X tons of non-soap washing and cleaning preparations were imported into Colombia; shrinking by -9.3% compared with 2021 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.2% 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 2019 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest non-soap washing and cleaning preparations supplier to Colombia, with a 38% share of total imports. Moreover, non-soap washing and cleaning preparations imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Ecuador (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and Ecuador (-2.6% per year).

In value terms, Mexico ($X), the United States ($X) and Germany ($X) appeared to be the largest non-soap washing and cleaning preparations suppliers to Colombia, with a combined 69% share of total imports. China, Brazil, South Korea and Ecuador lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, South Korea, with a CAGR of +14.1%, saw 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 2022, the average import price for non-soap washing and cleaning preparations amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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