The Colombian commercial gases market generated estimated revenues of $179m in 2018. This is up from $99m in 2008, indicating and average annual growth rate of 6.2% over the past decade.
Colombia has witnessed strong economic growth over the past decade – averaging at 6.28% per year. Growth has however been slowing over the past few years – like many other South American economies, the fall in commodity prices and a decline in exports have effected growth.
Inflation has recently been creeping up, and stood at 4.6% in 2018. Despite this, it has declined since 2017 with a 5.5% inflation rate the year prior.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 6.6% p.a. in a low scenario to 9.2% p.a. in a high scenario. Accordingly, the industry in Colombia is expected to achieve revenues of between $247m to $279m by 2023.
Report Data: 2018
Linde has confirmed that a consortium comprising of the Messer Group and CVC Capital Partners Fund VII have entered into an agreement to purchase the majority of Linde’s gases business in North America and certain business activities in South America.
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