Colombia: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Colombia

The Colombian aluminium alloy tube market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Aluminium alloy tube consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Alloy Tube Production in Colombia

In value terms, aluminium alloy tube production stood at $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Aluminium Alloy Tube Exports

Exports from Colombia

Aluminium alloy tube exports from Colombia contracted significantly to X tons in 2022, reducing by X% on 2021 figures. In general, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy tube exports reduced markedly to $X in 2022. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for aluminium alloy tube exports from Colombia, accounting for a X% share of total exports. Moreover, aluminium alloy tube exports to Ecuador exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was taken by El Salvador (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for aluminium alloy tubes and pipes exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($X 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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Colombia

In 2022, purchases abroad of aluminium alloy tubes and pipes increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, aluminium alloy tube imports dropped modestly to $X in 2022. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Ecuador (X tons) and Spain (X tons) were the main suppliers of aluminium alloy tube imports to Colombia, with a combined X% share of total imports. Hong Kong SAR and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy tube suppliers to Colombia were Ecuador ($X), China ($X) and Spain ($X), with a combined X% share of total imports. Mexico and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy tube import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :