Colombia: Aluminium Market Overview 2021

Aluminium Market Size in Colombia

The Colombian aluminium market shrank to $X in 2019, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Aluminium consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Aluminium Exports

Exports from Colombia

Aluminium exports from Colombia surged to X tonnes in 2019, rising by X% compared with the previous year's figure. Over the period under review, exports enjoyed a tangible increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium exports skyrocketed to $X in 2019. In general, exports saw a mild increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tonnes), Guatemala (X tonnes) and Belgium (X tonnes) were the main destinations of aluminium exports from Colombia, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Guatemala ($X) and Belgium ($X) were the largest markets for aluminium exported from Colombia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Guatemala (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average aluminium export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Latvia ($X per tonne), while the average price for exports to Brazil ($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 Dominican Republic, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Imports

Imports into Colombia

In 2019, purchases abroad of aluminium decreased by -X% to X tonnes, falling for the fourth year in a row after three years of growth. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, aluminium imports fell to $X in 2019. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

India (X tonnes), Russia (X tonnes) and Argentina (X tonnes) were the main suppliers of aluminium imports to Colombia, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in India (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium suppliers to Colombia were India ($X), Russia ($X) and Argentina ($X), together comprising X% of total imports.

India (+X% per year) saw the highest rates of growth with regard to the value of imports, among 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 2019, the average aluminium import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-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 somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Argentina ($X per tonne) and Brazil ($X per tonne), while the price for Viet Nam ($X per tonne) and India ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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The country with the largest volume of aluminium consumption was China (36M tonnes), accounting for 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of aluminium in the world?

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The country with the largest volume of aluminium production was China (36M tonnes), accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminium to Colombia?

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In value terms, the largest aluminium suppliers to Colombia were India ($31M), Russia ($17M) and Argentina ($6.2M), together comprising 89% of total imports.

What are the leading importers of aluminium from Colombia?

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In value terms, the Dominican Republic ($854K), Guatemala ($757K) and Belgium ($81K) appeared to be the largest markets for aluminium exported from Colombia worldwide, with a combined 89% share of total exports.

What is the average export price for aluminium in Colombia?

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The average aluminium export price stood at $2,117 per tonne in 2019, with an increase of 18% against the previous year.

What is the average import price for aluminium in Colombia?

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The average aluminium import price stood at $2,182 per tonne in 2019, with a decrease of -3.1% against the previous year.