Colombia: Container Market 2024

Container Market Size in Colombia

The Colombian container market contracted to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a buoyant 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 maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Container Production in Colombia

In value terms, container production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Container Exports

Exports from Colombia

In 2022, overseas shipments of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, container exports reduced notably to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Ecuador (X units) was the main destination for container exports from Colombia, with a X% share of total exports. Moreover, container exports to Ecuador exceeded the volume sent to the second major destination, Trinidad and Tobago (X units), twofold. The third position in this ranking was held by Panama (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Panama (X% per year).

In value terms, Ecuador ($X), Trinidad and Tobago ($X) and Aruba ($X) appeared to be the largest markets for container exported from Colombia worldwide, together accounting for X% of total exports.

Aruba, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average container export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, export price indicated a prominent 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, container export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

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

Container Imports

Imports into Colombia

In 2022, container imports into Colombia reduced to X units, waning by X% on the previous year. Over the period under review, total imports indicated a mild 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 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, container imports soared to $X in 2022. In general, total imports indicated a pronounced 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 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X units), Ecuador (X units) and China (X units) were the main suppliers of container imports to Colombia, with a combined X% share of total imports. Costa Rica, Mexico, Chile, the Netherlands and Guatemala lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Ecuador ($X) and Mexico ($X) constituted the largest container suppliers to Colombia, together comprising X% of total imports. China, Costa Rica, Chile, the Netherlands and Guatemala lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Costa Rica, 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

In 2022, the average container import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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