Colombia - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Colombia - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

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Iron Oxide Pigment Price in Colombia - 2022

Contents:

  1. Iron Oxide Pigment Price in Colombia (FOB) - 2022
  2. Iron Oxide Pigment Price in Colombia (CIF) - 2022
  3. Iron Oxide Pigment Exports in Colombia
  4. Iron Oxide Pigment Imports in Colombia

Iron Oxide Pigment Price in Colombia (FOB) - 2022

In February 2022, the average iron oxide pigment export price amounted to $1,632 per ton, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in June 2021 when the average export price increased by 6.3% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,641 per ton in October 2021; afterwards, it flattened through to February 2022.

Average prices varied somewhat for the major overseas markets. In February 2022, the countries with the highest prices were Brazil ($1,903 per ton) and Mexico ($1,900 per ton), while the average price for exports to Morocco ($1,306 per ton) and the United States ($1,592 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Price in Colombia (CIF) - 2022

In February 2022, the average iron oxide pigment import price amounted to $2,086 per ton, dropping by -2.1% against the previous month. Over the period under review, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 412% against the previous month. As a result, import price attained the peak level of $7,832 per ton. From May 2021 to February 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($8,250 per ton), while the price for Spain ($1,541 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 Brazil (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron Oxide Pigment Exports in Colombia

Iron oxide pigment exports from Colombia fell to 5.5K tons in 2022, waning by -9.6% compared with 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 6.1K tons, and then reduced in the following year.

In value terms, iron oxide pigment exports reduced to $8.4M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $9.4M, and then declined in the following year.

Export of Iron Oxide Pigment in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1,8661,6731,5051,9421.3%
United States1,9131,5971,5251,588-6.0%
Brazil5454994945510.4%
Mexico4305124925075.6%
Argentina26032635837613.1%
Chile27723841437310.4%
Ecuador406286315331-6.6%
Dominican Republic11588.329230738.7%
Morocco464219264300-13.5%
Costa Rica17714323324511.4%
Bolivia23.238.5206222112.3%
Turkey220190119177-7.0%
Uruguay16615530688.9-18.8%
Others1,5671,3312,8941,348-4.9%
Total8,4307,2949,4178,355-0.3%

Top Export Markets for Iron Oxide Pigment from Colombia in 2022:

  1. Spain (1289.1 tons)
  2. United States (1020.8 tons)
  3. Mexico (360.2 tons)
  4. Brazil (317.5 tons)
  5. Argentina (301.4 tons)
  6. Morocco (272.2 tons)
  7. Chile (225.5 tons)
  8. Ecuador (223.7 tons)
  9. Dominican Republic (216.6 tons)
  10. Costa Rica (166.4 tons)
  11. Bolivia (142.6 tons)
  12. Turkey (70.6 tons)
  13. Uruguay (46.5 tons)

Iron Oxide Pigment Imports in Colombia

Iron oxide pigment imports into Colombia declined significantly to 2.2K tons in 2022, waning by -16.2% against 2021. In general, imports recorded a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, imports reached the peak of 2.6K tons, and then reduced dramatically in the following year.

In value terms, iron oxide pigment imports plummeted to $2.7M in 2022. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year.

Import of Iron Oxide Pigment in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,8621,0282,2051,632-4.3%
United States1,055786400651-14.9%
Spain51.033.997.111430.8%
Germany23377.4135100-24.6%
Brazil11162.512469.7-14.4%
Others400251260163-25.9%
Total3,7122,2393,2222,730-9.7%

Top Suppliers of Iron Oxide Pigment to Colombia in 2022:

  1. China (1695.1 tons)
  2. Spain (124.7 tons)
  3. United States (111.9 tons)
  4. Germany (111.0 tons)
  5. Brazil (48.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron oxide pigment 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Iron Oxides And Hydroxides - Colombia