Colombia: Zinc Powder Market 2024

Zinc Powder Market Size in Colombia

The Colombian zinc powder market declined rapidly to $X in 2022, which is down by X% 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, consumption recorded a pronounced slump. Zinc powder consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Zinc Powder Exports

Exports from Colombia

In 2022, exports of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) from Colombia soared to X tons, jumping by X% compared with the previous year. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc powder exports soared to $X in 2022. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for zinc powder exports from Colombia, accounting for a X% share of total exports. Moreover, zinc powder exports to Peru exceeded the volume sent to the second major destination, Ecuador (X kg), fourfold. Panama (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Panama (X% per year).

In value terms, Peru ($X) remains the key foreign market for zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Panama (X% per year).

Export Prices by Country

The average zinc powder export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc powder export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Peru ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Powder Imports

Imports into Colombia

In 2022, imports of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) into Colombia fell significantly to X tons, waning by X% compared with the previous year's figure. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc powder imports declined to $X in 2022. Over the period under review, imports recorded a mild descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), Ecuador (X tons) and Peru (X tons) were the main suppliers of zinc powder imports to Colombia, with a combined X% share of total imports. Argentina, the United States, Belgium, Free Zones and Venezuela lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Peru ($X) and the United States ($X) appeared to be the largest zinc powder suppliers to Colombia, with a combined X% share of total imports. Ecuador, Belgium, Argentina, Venezuela and Free Zones lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average zinc powder import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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