Colombia: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Colombia

The Colombian aluminium bar market rose to $X in 2019, picking up by X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.

Aluminium Bar Production in Colombia

In value terms, aluminium bar production reached $X in 2019 estimated in export prices. Over the period under review, the total production indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.

Aluminium Bar Exports

Exports from Colombia

In 2019, overseas shipments of aluminium bars, rods and profiles decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports recorded a noticeable setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, aluminium bar exports reduced notably to $X in 2019. In general, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for aluminium bar exports from Colombia, with a X% share of total exports. Moreover, aluminium bar exports to the U.S. exceeded the volume sent to the second major destination, Ecuador (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume to the U.S. stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-X% per year) and Peru (-X% per year).

In value terms, the U.S. ($X) remains the key foreign market for aluminium bar exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-X% per year) and Peru (-X% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per tonne in 2019, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% y-o-y. The export price peaked in 2019 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Colombia

In 2019, imports of aluminium bars, rods and profiles into Colombia rose markedly to X tonnes, picking up by X% against the year before. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, aluminium bar imports expanded sharply to $X in 2019. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are likely to see gradual growth in the near future.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to Colombia, accounting for a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of aluminium bar to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

In 2019, the average aluminium bar import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Ecuador stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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China (6.1M tonnes) constituted the country with the largest volume of aluminium bar production, comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Colombia?

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In value terms, China ($51M) constituted the largest supplier of aluminium bar to Colombia, comprising 80% of total imports. The second position in the ranking was occupied by Ecuador ($6.3M), with a 9.9% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from Colombia?

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In value terms, the U.S. ($24M) remains the key foreign market for aluminium bar exports from Colombia, comprising 78% of total exports. The second position in the ranking was occupied by Ecuador ($4.4M), with a 15% share of total exports.

What is the average export price for aluminium bars, rods and profiles in Colombia?

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In 2019, the average aluminium bar export price amounted to $4,687 per tonne, almost unchanged from the previous year.

What is the average import price for aluminium bars, rods and profiles in Colombia?

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In 2019, the average aluminium bar import price amounted to $3,065 per tonne, with a decrease of -1.9% against the previous year.