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Colombia - Unwrought Aluminium Alloys - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Colombia

The Colombian unwrought aluminium alloys market declined significantly to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Unwrought Aluminium Alloys Exports

Exports from Colombia

In 2020, the amount of unwrought aluminium alloys exported from Colombia surged to X tons, rising by X% against 2019 figures. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, unwrought aluminium alloys exports soared to $X in 2020. Overall, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Guatemala (X tons) was the main destination for unwrought aluminium alloys exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Guatemala stood at +X%.

In value terms, Guatemala ($X) also remains the key foreign market for unwrought aluminium alloys exports from Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value to Guatemala stood at +X%.

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Guatemala amounted to -X% per year.

Unwrought Aluminium Alloys Imports

Imports into Colombia

In 2020, the amount of unwrought aluminium alloys imported into Colombia fell remarkably to X tons, with a decrease of -X% on the previous year. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports reduced rapidly to $X in 2020. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, India (X tons) constituted the largest supplier of unwrought aluminium alloys to Colombia, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from India exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (-X% per year) and the U.S. (-X% per year).

In value terms, India ($X) constituted the largest supplier of unwrought aluminium alloys to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Venezuela ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (-X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for unwrought aluminium alloys in the world?

The countries with the highest volumes of unwrought aluminium alloys consumption in 2020 were China, the U.S. and India, together comprising 41% of global consumption. These countries were followed by Russia, Brazil, Germany, Nigeria, Italy, South Korea and Canada, which together accounted for a further 20%.

What are the largest producers of unwrought aluminium alloys in the world?

China remains the largest unwrought aluminium alloys producing country worldwide, accounting for 21% of total volume. Moreover, unwrought aluminium alloys production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of unwrought aluminium alloys to Colombia?

In value terms, India constituted the largest supplier of unwrought aluminium alloys to Colombia, comprising 79% of total imports. The second position in the ranking was occupied by Venezuela, with a 15% share of total imports.

What are the leading importers of unwrought aluminium alloys from Colombia?

In value terms, Guatemala remains the key foreign market for unwrought aluminium alloys exports from Colombia.

What is the average export price for unwrought aluminium alloys in Colombia?

In 2020, the average unwrought aluminium alloys export price amounted to $1,432 per ton, which is down by -32.5% against the previous year.

What is the average import price for unwrought aluminium alloys in Colombia?

In 2020, the average unwrought aluminium alloys import price amounted to $1,939 per ton, reducing by -17.9% against the previous year.

This report provides an in-depth analysis of the unwrought aluminium alloys market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023