Colombia - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Colombia - 2022
Contents:
- Base Metal Closure Price in Colombia (CIF) - 2022
- Base Metal Closure Price in Colombia (FOB) - 2022
- Base Metal Closure Imports in Colombia
- Base Metal Closure Exports in Colombia
Base Metal Closure Price in Colombia (CIF) - 2022
In February 2022, the average base metal closure import price amounted to $6,236 per ton, shrinking by -5.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 an increase of 20% m-o-m. The import price peaked at $7,027 per ton in May 2021; however, from June 2021 to February 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($8,696 per ton), while the price for Ecuador ($2,377 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 the United Arab Emirates (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Price in Colombia (FOB) - 2022
The average base metal closure export price stood at $13,148 per ton in February 2022, with a decrease of -3.4% against the previous month. Over the period under review, export price indicated a mild expansion from February 2021 to February 2022: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, base metal closure export price increased by +52.6% against October 2021 indices. The pace of growth appeared the most rapid in May 2021 an increase of 64% against the previous month. As a result, the export price reached the peak level of $14,349 per ton. From June 2021 to February 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Honduras ($35,927 per ton), while the average price for exports to Venezuela ($4,983 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 Honduras (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Colombia
In 2022, supplies from abroad of base metal closures, stoppers, caps and lids decreased by -5.4% to 8.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 18%.
In value terms, base metal closure imports declined to $52M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports reached the peak of $58M, and then reduced in the following year.
| Import of Base Metal Closure in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.2 | 7.9 | 14.4 | 12.5 | 43.8% |
| United Arab Emirates | 3.9 | 7.7 | 12.8 | 11.0 | 41.3% |
| Brazil | 9.5 | 11.5 | 8.9 | 8.1 | -5.2% |
| United States | 15.3 | 3.7 | 1.3 | 5.4 | -29.3% |
| Italy | 1.3 | 2.1 | 3.3 | 2.9 | 30.7% |
| China | 1.5 | 2.1 | 2.7 | 2.3 | 15.3% |
| Spain | 2.1 | 1.4 | 1.6 | 1.4 | -12.6% |
| Costa Rica | 1.7 | 1.8 | 1.4 | 1.3 | -8.6% |
| Ecuador | 0.3 | 1.1 | 1.3 | 1.1 | 54.2% |
| Others | 7.1 | 5.9 | 10.3 | 5.5 | -8.2% |
| Total | 47.0 | 45.2 | 58.1 | 51.6 | 3.2% |
Top Suppliers of Base Metal Closure to Colombia in 2022:
- United Arab Emirates (1958.8 tons)
- Mexico (1858.0 tons)
- Brazil (1082.4 tons)
- United States (682.1 tons)
- Italy (566.9 tons)
- Ecuador (515.5 tons)
- China (501.6 tons)
- Costa Rica (478.5 tons)
- Spain (352.7 tons)
Base Metal Closure Exports in Colombia
In 2022, after three years of growth, there was significant decline in overseas shipments of base metal closures, stoppers, caps and lids, when their volume decreased by -27.4% to 439 tons. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of 605 tons, and then shrank notably in the following year.
In value terms, base metal closure exports shrank markedly to $4.8M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 increased by +37.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75%. As a result, the exports attained the peak of $6.1M, and then contracted rapidly in the following year.
| Export of Base Metal Closure in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1,124 | 1,283 | 2,561 | 2,020 | 21.6% |
| Peru | 937 | 554 | 664 | 557 | -15.9% |
| Panama | 284 | 305 | 503 | 397 | 11.8% |
| Trinidad and Tobago | 291 | 243 | 490 | 386 | 9.9% |
| Venezuela | 103 | 53.4 | 362 | 286 | 40.6% |
| Costa Rica | 141 | 159 | 256 | 202 | 12.7% |
| Jamaica | 5.4 | 76.4 | 173 | 136 | 193.1% |
| United States | 15.4 | 80.2 | 75.5 | 59.6 | 57.0% |
| Others | 973 | 748 | 1,045 | 772 | -7.4% |
| Total | 3,874 | 3,502 | 6,130 | 4,816 | 7.5% |
Top Export Markets for Base Metal Closure from Colombia in 2022:
- Ecuador (190.0 tons)
- Venezuela (45.2 tons)
- Trinidad and Tobago (43.8 tons)
- Peru (41.1 tons)
- Panama (25.3 tons)
- Costa Rica (19.9 tons)
- Jamaica (16.2 tons)
- United States (10.6 tons)
This report provides an in-depth analysis of the base metal closure 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:
- Prodcom 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
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
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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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