Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $23,754 per ton in 2022, waning by -5.7% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -6.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $25,367 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 ($170,571 per ton), while the price for India ($20,959 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 (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia
Imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Colombia surged to 423 kg in 2022, increasing by 46% compared with the previous year. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses soared to $10K in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.2 | 1.3 | 2.7 | 8.1 | 89.0% |
| United States | 2.7 | 1.3 | 1.0 | 1.2 | -23.7% |
| China | 0.7 | 0.5 | 1.0 | 0.5 | -10.6% |
| Spain | 0.4 | 0.7 | 1.5 | 0.3 | -9.1% |
| Switzerland | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Germany | 1.5 | 0.8 | 0.9 | N/A | -22.5% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 6.9 | 4.8 | 7.3 | 10.0 | 13.2% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Colombia in 2022:
- India (387.0 kg)
- China (19.0 kg)
- Spain (10.0 kg)
- United States (7.0 kg)
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