Colombia: Plaster Article Market 2024

Plaster Article Market Size in Colombia

In 2022, after five years of growth, there was decline in the Colombian plaster article market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plaster article consumption peaked at $X in 2021, and then shrank slightly in the following year.

Plaster Article Production in Colombia

In value terms, plaster article production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Plaster article production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plaster Article Exports

Exports from Colombia

In 2022, after three years of growth, there was decline in overseas shipments of articles of plaster or of compositions based on plaster, when their volume decreased by X% to X square meters. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plaster article exports dropped to $X in 2022. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X square meters) was the main destination for plaster article exports from Colombia, with a X% share of total exports. Moreover, plaster article exports to Ecuador exceeded the volume sent to the second major destination, Panama (X square meters), twofold. Trinidad and Tobago (X square meters) ranked third in terms of total exports with a X% share.

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

In value terms, Ecuador ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with an X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

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

Export Prices by Country

In 2022, the average plaster article export price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Aruba ($X per square meter), while the average price for exports to Jamaica ($X per square meter) 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.

Plaster Article Imports

Imports into Colombia

In 2022, supplies from abroad of articles of plaster or of compositions based on plaster decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, plaster article imports fell to $X in 2022. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Free Zones (X square meters) was the main plaster article supplier to Colombia, accounting for a X% share of total imports. Moreover, plaster article imports from Free Zones exceeded the figures recorded by the second-largest supplier, Mexico (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Free Zones amounted to X%.

In value terms, Free Zones ($X) constituted the largest supplier of articles of plaster or of compositions based on plaster to Colombia, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Free Zones amounted to X%.

Import Prices by Country

The average plaster article import price stood at $X per square meter in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a mild slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($X per square meter), while the price for Mexico amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Source: IndexBox Platform

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