Price for Mineral Substances Not Elsewhere Specified or Included in Colombia - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Colombia (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Colombia (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Colombia
- Exports of Mineral Substances Not Elsewhere Specified or Included in Colombia
Price for Mineral Substances Not Elsewhere Specified or Included in Colombia (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $426 per ton, growing by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,078 per ton), while the price for Ecuador ($109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Colombia (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $414 per ton, surging by 12% against the previous year. In general, the export price posted mild growth. The most prominent rate of growth was recorded in 2013 an increase of 86%. As a result, the export price reached the peak level of $689 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($2,402 per ton), while the average price for exports to Costa Rica ($204 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 Peru (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Colombia
In 2022, imports of mineral substances not elsewhere specified or includeds into Colombia soared to 61K tons, growing by 50% against the previous year's figure. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 81%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $26M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 83%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Mineral Substances Not Elsewhere Specified or Included in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.2 | 12.6 | 8.1 | 11.3 | 22.2% |
| China | 0.7 | 2.3 | 1.9 | 6.4 | 109.1% |
| Spain | 3.5 | 4.4 | 4.4 | 6.3 | 21.6% |
| Brazil | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Ecuador | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 1.1 | 2.2 | 1.0 | 1.3 | 5.7% |
| Total | 12.0 | 21.9 | 16.1 | 25.9 | 29.2% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Colombia in 2022:
- Germany (33.2K tons)
- China (22.0K tons)
- Spain (2.1K tons)
- Ecuador (1.7K tons)
- Brazil (0.5K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Colombia
In 2022, overseas shipments of mineral substances not elsewhere specified or includeds were finally on the rise to reach 1.7K tons after two years of decline. Over the period under review, exports, however, recorded a abrupt decline.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $719K in 2022. Overall, exports continue to indicate a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 200 | 177 | -11.5% |
| Ecuador | 63.6 | 44.2 | 54.6 | 137 | 29.1% |
| Venezuela | N/A | N/A | N/A | 123 | 0% |
| Guatemala | 486 | 90.2 | 37.8 | 50.4 | -53.0% |
| Mexico | N/A | N/A | 30.3 | 36.5 | 20.5% |
| Belgium | N/A | N/A | N/A | 34.5 | 0% |
| Costa Rica | 0.4 | N/A | 18.5 | 30.6 | 324.5% |
| Chile | 53.1 | N/A | 10.6 | 5.3 | -53.6% |
| Paraguay | 29.1 | N/A | N/A | N/A | 0% |
| Honduras | N/A | 200 | N/A | N/A | 0% |
| Others | 34.6 | 64.5 | 74.3 | 126 | 53.9% |
| Total | 667 | 399 | 427 | 719 | 2.5% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Colombia in 2022:
- China (454.7 tons)
- Ecuador (411.1 tons)
- Venezuela (251.5 tons)
- Guatemala (200.0 tons)
- Costa Rica (150.0 tons)
- Mexico (78.4 tons)
- Belgium (49.0 tons)
- Chile (25.0 tons)
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