Colombia: Pyrites Market 2022

Pyrites Market Size in Colombia

In 2021, the Colombian pyrites market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Overall, consumption saw a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Pyrites Exports

Exports from Colombia

In 2021, approx. X kg of pyrites were exported from Colombia; therefore, remained relatively stable against the previous year. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pyrites exports amounted to $X in 2021. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for pyrites exports from Colombia, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the United States was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2019, the average pyrites export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, saw a abrupt slump. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2019, the rate of growth in terms of prices for the United States amounted to X% per year.

Pyrites Imports

Imports into Colombia

For the fifth year in a row, Colombia recorded growth in supplies from abroad of pyrites, which increased by X% to X tonnes in 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, pyrites imports surged to $X in 2021. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of pyrites to Colombia, with a X% share of total imports. Moreover, pyrites imports from the United States exceeded the figures recorded by the second-largest supplier, Austria (X tonnes), sevenfold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Australia (+X% per year).

In value terms, the United States ($X), Australia ($X) and Austria ($X) appeared to be the largest pyrites suppliers to Colombia, with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +X%, saw the highest rates of growth with regard to 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 pyrites import price stood at $X per tonne in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 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 Australia ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform