Colombia: Flat Glass Market 2024

Flat Glass Market Size in Colombia

The Colombian flat glass market soared to $X in 2021, increasing by 22% against the previous year. In general, consumption enjoyed a prominent increase. Flat glass consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Flat Glass Production in Colombia

In value terms, flat glass production soared to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 50%. Flat glass production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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Flat Glass Exports

Exports from Colombia

Flat glass exports from Colombia contracted significantly to X tons in 2021, waning by -17.7% against 2020. Overall, exports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 92% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, flat glass exports stood at $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 42%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Mexico (X tons) and Venezuela (X tons) were the main destinations of flat glass exports from Colombia, with a combined 94% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for flat glass exports from Colombia, comprising 86% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.3% share of total exports. It was followed by Venezuela, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+28.1% per year) and Venezuela (-1.8% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, surging by 27% against the previous year. Over the period under review, the export price showed a mild increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+118.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Colombia

In 2021, flat glass imports into Colombia skyrocketed to X tons, with an increase of 57% on 2020. Overall, imports, however, continue to indicate a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, flat glass imports skyrocketed to $X in 2021. In general, imports, however, saw a perceptible contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest flat glass supplier to Colombia, with a 63% share of total imports. Moreover, flat glass imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was held by Nigeria (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.1% per year) and Nigeria (+58.1% per year).

In value terms, China ($X) constituted the largest supplier of flat glass to Colombia, comprising 56% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Nigeria, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.7% per year) and Nigeria (+59.2% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, rising by 28% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass import price increased by +39.3% against 2019 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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