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Colombia - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Asphalt or Bitumen Article in Colombia - 2022
Contents:
- Price for Asphalt or Bitumen Article in Colombia (CIF) - 2022
- Price for Asphalt or Bitumen Article in Colombia (FOB) - 2022
- Imports of Asphalt or Bitumen Article in Colombia
- Exports of Asphalt or Bitumen Article in Colombia
Price for Asphalt or Bitumen Article in Colombia (CIF) - 2022
In February 2022, the average asphalt or bitumen article import price amounted to $753 per ton, growing by 5% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in October 2021 an increase of 36% month-to-month. As a result, import price reached the peak level of $799 per ton. From November 2021 to February 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($2,564 per ton), while the price for Venezuela ($467 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Asphalt or Bitumen Article in Colombia (FOB) - 2022
The average asphalt or bitumen article export price stood at $989 per ton in February 2022, which is down by -66.9% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average export price increased by 206% month-to-month. As a result, the export price attained the peak level of $2,988 per ton, and then contracted remarkably in the following month.
There were significant differences in the average prices for the major overseas markets. In February 2022, the country with the highest price was Ecuador ($2,988 per ton), while the average price for exports to Aruba ($876 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Asphalt or Bitumen Article in Colombia
After three years of growth, overseas purchases of asphalt or bitumen articles decreased by -10.7% to 9K tons in 2022. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 10K tons, and then reduced in the following year.
In value terms, asphalt or bitumen article imports shrank to $7.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports reached the peak of $8.4M, and then fell in the following year.
Import of Asphalt or Bitumen Article in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 1,132 | 1,604 | 2,089 | 1,764 | 15.9% |
Venezuela | 1,777 | 1,119 | 1,442 | 1,231 | -11.5% |
Italy | 550 | 866 | 954 | 891 | 17.4% |
Ecuador | 360 | 605 | 1,039 | 877 | 34.6% |
Russia | 501 | 829 | 894 | 755 | 14.6% |
Lithuania | 39.3 | 70.6 | 140 | 448 | 125.1% |
Brazil | 604 | 81.7 | 615 | 400 | -12.8% |
Canada | 152 | 304 | 384 | 340 | 30.8% |
Spain | 255 | 210 | 318 | 178 | -11.3% |
Others | 381 | 408 | 510 | 356 | -2.2% |
Total | 5,750 | 6,096 | 8,385 | 7,241 | 8.0% |
Top Suppliers of Asphalt or Bitumen Article to Colombia in 2022:
- Free Zones (2721.4 tons)
- Venezuela (2647.5 tons)
- Russia (889.1 tons)
- Italy (716.2 tons)
- Lithuania (524.5 tons)
- Ecuador (475.9 tons)
- Canada (355.2 tons)
- Brazil (250.5 tons)
- Spain (154.1 tons)
Exports of Asphalt or Bitumen Article in Colombia
In 2022, after three years of growth, there was decline in overseas shipments of asphalt or bitumen articles, when their volume decreased by -0.4% to 1.2K tons. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year.
In value terms, asphalt or bitumen article exports rose to $1.3M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of $1.3M; afterwards, it flattened through to 2022.
Export of Asphalt or Bitumen Article in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 474 | 834 | 755 | 708 | 14.3% |
Dominican Republic | 1.0 | 138 | 151 | 180 | 464.6% |
Panama | 4.7 | 67.0 | 105 | 131 | 203.2% |
Ecuador | 18.0 | 32.7 | 81.2 | 87.9 | 69.7% |
Costa Rica | 4.9 | 14.7 | 21.8 | 22.7 | 66.7% |
Jamaica | 27.9 | 23.0 | 13.8 | 19.3 | -11.6% |
Peru | 10.5 | 2.7 | 9.0 | 9.3 | -4.0% |
Others | 134 | 183 | 73.5 | 94.3 | -11.1% |
Total | 675 | 1,295 | 1,209 | 1,252 | 22.9% |
Top Export Markets for Asphalt or Bitumen Article from Colombia in 2022:
- United States (617.0 tons)
- Dominican Republic (305.1 tons)
- Panama (54.5 tons)
- Ecuador (51.1 tons)
- Jamaica (29.8 tons)
- Costa Rica (21.8 tons)
- Peru (21.5 tons)
This report provides an in-depth analysis of the market for asphalt or bitumen article in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
- Prodcom 23991290 - Products based on bitumen (excluding in rolls)
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for asphalt or bitumen article in Colombia.
This report provides an in-depth analysis of the rolled bitumen articles market in Colombia.
This report provides an in-depth analysis of the non-rolled bitumen products market in Colombia.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
This report provides an in-depth analysis of the global rolled bitumen articles market.
This report provides an in-depth analysis of the global non-rolled bitumen products market.
This report provides an in-depth analysis of the market for asphalt or bitumen article in Colombia.
This report provides an in-depth analysis of the rolled bitumen articles market in Colombia.
This report provides an in-depth analysis of the non-rolled bitumen products market in Colombia.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
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