Price for Waste, Parings and Scrap, of Plastics in Colombia - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Colombia (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Colombia (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Colombia
4. Imports of Waste, Parings and Scrap, of Plastics in Colombia

Price for Waste, Parings and Scrap, of Plastics in Colombia (FOB) - 2022

In February 2022, the average export price for waste, parings and scrap, of plasticses amounted to $1,244 per ton, rising by 42% against the previous month. Overall, export price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for waste, parings and scrap, of plasticses decreased by -1.6% against December 2021 indices. The export price peaked at $1,265 per ton in December 2021; however, from January 2022 to February 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was the United States ($1,327 per ton), while the average price for exports to Thailand ($330 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 Malaysia (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Waste, Parings and Scrap, of Plastics in Colombia (CIF) - 2022

In February 2022, the average import price for waste, parings and scrap, of plasticses amounted to $235 per ton, declining by -14.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2021 an increase of 53% month-to-month. Over the period under review, average import prices reached the peak figure at $442 per ton in September 2021; however, from October 2021 to February 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,073 per ton), while the price for Free Zones ($67.0 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 China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in Colombia

In 2022, exports of waste, parings and scrap, of plasticses from Colombia reduced rapidly to 6.4K tons, waning by -22.9% compared with the year before. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 109%. As a result, the exports attained the peak of 8.3K tons, and then fell dramatically in the following year.

In value terms, exports of waste, parings and scrap, of plasticses declined to $6.8M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 226%. As a result, the exports reached the peak of $7.5M, and then shrank in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Colombia in 2022:

1. United States (3110.8 tons)
2. Ecuador (1182.1 tons)
3. Portugal (474.1 tons)
4. Malaysia (412.9 tons)
5. Germany (323.5 tons)
6. Thailand (323.4 tons)
7. Peru (145.1 tons)
8. Honduras (56.1 tons)
9. Latvia (42.0 tons)

Imports of Waste, Parings and Scrap, of Plastics in Colombia

Imports of waste, parings and scrap, of plasticses into Colombia shrank notably to 7.2K tons in 2022, with a decrease of -27.5% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 9.9K tons, and then plummeted in the following year.

In value terms, imports of waste, parings and scrap, of plasticses declined remarkably to $2.2M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $2.7M, and then declined markedly in the following year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Colombia in 2022:

1. Venezuela (4001.5 tons)
2. United States (1092.3 tons)
3. China (749.6 tons)
4. Free Zones (435.2 tons)
5. Panama (412.6 tons)
6. Mexico (276.8 tons)
7. Spain (183.5 tons)

Source: IndexBox Market Intelligence Platform