Colombia: Feldspar Market 2024

Feldspar Market Size in Colombia

In 2023, after four years of growth, there was decline in the Colombian feldspar market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Feldspar Production in Colombia

In value terms, feldspar production reduced to $X in 2023 estimated in export price. In general, production saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Feldspar production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

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Feldspar Exports

Exports from Colombia

In 2023, shipments abroad of feldspar increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, feldspar exports surged to $X in 2023. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for feldspar exports from Colombia, accounting for a X% share of total exports. Moreover, feldspar exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for feldspar exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average feldspar export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, feldspar export price decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Feldspar Imports

Imports into Colombia

After two years of growth, purchases abroad of feldspar decreased by X% to X tons in 2023. Overall, total imports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, feldspar imports shrank to $X in 2023. Over the period under review, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Spain (X tons) constituted the largest feldspar supplier to Colombia, with a X% share of total imports. Moreover, feldspar imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, Spain ($X) constituted the largest supplier of feldspar to Colombia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2023, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform