Colombia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Colombia

In 2022, the Colombian market for plastic hoses and hose fittings decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in Colombia

In value terms, plastic hose and hose fitting production reached $X in 2022 estimated in export price. In general, production saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Colombia

In 2022, shipments abroad of plastic hoses and hose fittings increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Peru (X tons) and Ecuador (X tons) were the main destinations of plastic hose and hose fitting exports from Colombia, with a combined X% share of total exports. Panama, Haiti, the Dominican Republic, Malaysia, Venezuela, Guatemala, El Salvador, Costa Rica, Mexico and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for plastic hoses and hose fittings exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Colombia

In 2022, overseas purchases of plastic hoses and hose fittings increased by X% to X tons, rising for the sixth consecutive year after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic hose and hose fitting imports expanded sharply to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest plastic hose and hose fitting supplier to Colombia, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Argentina (X% per year).

In value terms, China ($X), Mexico ($X) and the United States ($X) constituted the largest plastic hose and hose fitting suppliers to Colombia, together accounting for X% of total imports. Brazil, Argentina, Chile and Free Zones lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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