Colombia - Aluminium and Titanium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAluminium and Titanium Price in Colombia - 2022
Contents:
- Aluminium and Titanium Price in Colombia (CIF) - 2022
- Aluminium and Titanium Price in Colombia (FOB) - 2022
- Aluminium and Titanium Imports in Colombia
- Aluminium and Titanium Exports in Colombia
Aluminium and Titanium Price in Colombia (CIF) - 2022
In 2022, the average aluminium and titanium import price amounted to $2,564 per ton, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,800 per ton), while the price for India ($1,566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+71.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium and Titanium Price in Colombia (FOB) - 2022
In 2022, the average aluminium and titanium export price amounted to $1,960 per ton, rising by 52% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices attained the maximum at $2,460 per ton in 2012; however, from 2013 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 the Dominican Republic ($5,141 per ton), while the average price for exports to Malaysia ($1,029 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 the Dominican Republic (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium and Titanium Imports in Colombia
In 2022, purchases abroad of aluminium and titanium increased by 84% to 33K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium and titanium imports skyrocketed to $84M in 2022. In general, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium and Titanium in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 10.9 | 6.1 | 6.7 | 29.4 | 39.2% |
| India | 10.9 | 9.5 | 5.5 | 22.9 | 28.1% |
| South Africa | N/A | N/A | 3.0 | 12.6 | 320.0% |
| Russia | 19.5 | 6.9 | 3.5 | 9.1 | -22.4% |
| United Arab Emirates | N/A | N/A | 4.8 | 5.9 | 22.9% |
| Bahrain | N/A | 5.2 | 5.3 | 1.2 | -52.0% |
| Oman | 2.1 | 1.1 | 0.4 | 0.5 | -38.0% |
| Venezuela | 4.2 | 1.5 | 0.7 | 0.1 | -71.2% |
| Argentina | 7.3 | 6.1 | 3.4 | N/A | -31.8% |
| Canada | 2.2 | 3.5 | 2.2 | N/A | 0.0% |
| Others | 3.7 | 2.6 | 3.3 | 2.6 | -11.1% |
| Total | 60.9 | 42.4 | 38.9 | 84.4 | 11.5% |
Top Suppliers of Aluminium and Titanium to Colombia in 2022:
- India (14.6K tons)
- Brazil (8.9K tons)
- South Africa (3.9K tons)
- Russia (2.7K tons)
- United Arab Emirates (1.6K tons)
- Bahrain (0.3K tons)
- Oman (0.2K tons)
- Venezuela (0.1K tons)
Aluminium and Titanium Exports in Colombia
In 2022, overseas shipments of aluminium and titanium were finally on the rise to reach 1.2K tons after two years of decline. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, aluminium and titanium exports skyrocketed to $2.4M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium and Titanium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 1.4 | 6.3 | 810 | 2305.4% |
| China | N/A | 14.0 | 3.4 | 566 | 535.8% |
| Malaysia | N/A | N/A | N/A | 370 | 0% |
| Canada | N/A | 0.4 | 1.6 | 240 | 2349.5% |
| United States | 432 | 558 | 500 | 133 | -32.5% |
| Dominican Republic | 11.1 | 2.8 | 7.3 | 129 | 126.5% |
| Turkey | N/A | N/A | N/A | 103 | 0% |
| Poland | 88.0 | N/A | N/A | N/A | 0% |
| Oman | 103 | N/A | N/A | N/A | 0% |
| Italy | 17.2 | 21.3 | 18.3 | N/A | 3.1% |
| Netherlands | 32.8 | 31.2 | 14.7 | N/A | -33.1% |
| Others | 42.5 | 6.4 | 4.7 | 37.0 | -4.5% |
| Total | 727 | 635 | 556 | 2,387 | 48.6% |
Top Export Markets for Aluminium and Titanium from Colombia in 2022:
- Malaysia (359.2 tons)
- Japan (357.5 tons)
- China (277.9 tons)
- Canada (74.6 tons)
- Turkey (53.7 tons)
- United States (49.7 tons)
- Dominican Republic (25.0 tons)
This report provides an in-depth analysis of the aluminium and titanium market 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:
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.
-
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
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This report provides an in-depth analysis of the aluminium and titanium market in Colombia.
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This report provides an in-depth analysis of the aluminum market in Colombia.
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This report provides an in-depth analysis of the aluminium market in Colombia.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Colombia.
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This report provides an in-depth analysis of the global aluminium and titanium market.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the aluminium and titanium market in Colombia.
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This report provides an in-depth analysis of the aluminum market in Colombia.
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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