Colombia: Aluminium Market Overview 2020

Aluminium Market Size in Colombia

The revenue of the aluminium market in Colombia amounted to $X in 2018, picking up 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). Overall, aluminium consumption, however, continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the aluminium market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Aluminium Exports

Exports from Colombia

In 2018, the amount of aluminium exported from Colombia amounted to X tonnes, surging by X% against the previous year. Overall, aluminium exports, however, continue to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Colombia exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, aluminium exports amounted to $X in 2018. Over the period under review, aluminium exports, however, continue to indicate a deep drop. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Colombia exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The countries with the highest levels of aluminium exports in 2018 were Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes), together recording X% of total export. India (X tonnes) ranks next in terms of the total exports with a X% share, followed by Australia (X%), Norway (X%) and Malaysia (X%). The following exporters - the Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and China (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from Colombia were Canada ($X), the United Arab Emirates ($X) and Russia ($X), together accounting for X% of total exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, China and Colombia lagged somewhat behind, together accounting for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the aluminium export price in Colombia amounted to $X per tonne, waning by -X% against the previous year. Overall, the aluminium export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. Colombia export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into Colombia

In 2018, approx. X tonnes of aluminium were imported into Colombia; surging by X% against the previous year. In general, aluminium imports, however, continue to indicate an abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Colombia imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, aluminium imports stood at $X in 2018. In general, aluminium imports, however, continue to indicate an abrupt shrinkage. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Colombia imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) represented the major importers of aluminium, together generating X% of total imports. The Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) held a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into Colombia, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

The aluminium import price in Colombia stood at $X per tonne in 2018, rising by X% against the previous year. In general, the aluminium import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Colombia import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform