Colombia: Expanded Clays Market 2024

Expanded Clays Market Size in Colombia

In 2022, the Colombian expanded clays market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a notable increase. Expanded clays consumption peaked in 2022 and is likely to continue growth in years to come.

Expanded Clays Exports

Exports from Colombia

In 2022, overseas shipments of exfoliated vermiculite, expanded clays and foamed slag increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, expanded clays exports soared to $X in 2022. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Venezuela (X tons) was the main destination for expanded clays exports from Colombia, accounting for a X% share of total exports. It was followed by Ecuador (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average expanded clays export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Guatemala ($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 Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Expanded Clays Imports

Imports into Colombia

In 2022, the amount of exfoliated vermiculite, expanded clays and foamed slag imported into Colombia soared to X tons, increasing by X% compared with the previous year's figure. In general, imports enjoyed mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays imports surged to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest expanded clays supplier to Colombia, accounting for a X% share of total imports. Moreover, expanded clays imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. 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 Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Argentina (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of exfoliated vermiculite, expanded clays and foamed slag to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average expanded clays import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a noticeable 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, expanded clays import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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