Colombia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Colombia

The Colombian polypropylene in primary forms market contracted to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated a perceptible 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Production of Polypropylene in Primary Forms in Colombia

In value terms, polypropylene in primary forms production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Polypropylene in primary forms production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Polypropylene in Primary Forms

Exports from Colombia

In 2022, overseas shipments of polypropylene in primary forms decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Brazil (X tons), Mexico (X tons) and Free Zones (X tons) were the main destinations of polypropylene in primary forms exports from Colombia, with a combined X% share of total exports. Argentina, Venezuela, Peru, the United States, Ecuador, the Dominican Republic, Bolivia, Guatemala and Costa Rica lagged somewhat behind, together accounting for 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from Colombia were Brazil ($X), Mexico ($X) and Free Zones ($X), with a combined X% share of total exports. Venezuela, Argentina, Peru, the United States, the Dominican Republic, Ecuador, Bolivia, Guatemala and Costa Rica lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

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

Imports of Polypropylene in Primary Forms

Imports into Colombia

In 2022, the amount of polypropylene in primary forms imported into Colombia declined dramatically to X tons, dropping by X% compared with 2021 figures. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, polypropylene in primary forms imports shrank to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Brazil (X tons), South Korea (X tons) and China (X tons) were the main suppliers of polypropylene in primary forms imports to Colombia, together comprising X% of total imports. The United States, Saudi Arabia, Chile, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), South Korea ($X) and the United States ($X) were the largest polypropylene in primary forms suppliers to Colombia, with a combined X% share of total imports. China, Saudi Arabia, Chile, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average polypropylene in primary forms import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price 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, polypropylene in primary forms import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and India ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform