Colombia: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Colombia

The Colombian plastic pipe and hose market rose rapidly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Colombia

In value terms, plastic pipe and hose production rose significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Colombia

In 2023, after two years of growth, there was significant decline in shipments abroad of plastics tubes, pipes and hoses, and fitting, when their volume decreased by X% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, plastic pipe and hose exports shrank notably to $X in 2023. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Panama (X tons), the United States (X tons) and Peru (X tons) were the main destinations of plastic pipe and hose exports from Colombia, together accounting for X% of total exports. Ecuador, Venezuela, Cuba, Guatemala, the Dominican Republic, Mexico, Costa Rica, Malaysia, Bolivia and Honduras lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the United States ($X) and Peru ($X) were the largest markets for plastic pipe and hose exported from Colombia worldwide, with a combined X% share of total exports. Venezuela, Ecuador, the Dominican Republic, Guatemala, Mexico, Cuba, Costa Rica, Bolivia, Malaysia and Honduras lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic pipe and hose export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Colombia

In 2023, purchases abroad of plastics tubes, pipes and hoses, and fitting decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, plastic pipe and hose imports dropped to $X in 2023. Over the period under review, total imports indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell modestly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest plastic pipe and hose supplier to Colombia, with a X% share of total imports. Moreover, plastic pipe and hose imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Chile (X% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) constituted the largest plastic pipe and hose suppliers to Colombia, with a combined X% share of total imports. Brazil, Chile, Italy, Germany, Argentina, Costa Rica, Spain, Peru, Free Zones and Venezuela lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of 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

The average plastic pipe and hose import price stood at $X per ton in 2023, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2023.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform