Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia - 2022

Contents:

1. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia (CIF) - 2022
2. Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia (FOB) - 2022
3. Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia
4. Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia (CIF) - 2022

In 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2,323 per ton, leveling off at the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 polycarboxylic acids; other esters of orthophthalic acidses increased by +65.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 55%. As a result, import price reached the peak level of $2,344 per ton, leveling off in the following year.

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 ($6,780 per ton), while the price for South Korea ($1,786 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 (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia (FOB) - 2022

The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $3,502 per ton in 2022, jumping by 24% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by +81.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 46%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($8,485 per ton), while the average price for exports to the Dominican Republic ($2,713 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 (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia

In 2022, the amount of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses imported into Colombia stood at 912 tons, picking up by 3.2% on 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $2.1M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 143% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Colombia in 2022:

1. South Korea (340.8 tons)
2. China (313.8 tons)
3. India (107.9 tons)
4. Chile (66.6 tons)
5. United States (62.7 tons)

Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Colombia

In 2022, overseas shipments of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -11.1% to 116 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 0.3% against the previous year. As a result, the exports reached the peak of 192 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses totaled $406K in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Colombia in 2022:

1. United States (102.3 tons)
2. Dominican Republic (5.0 tons)
3. Costa Rica (4.1 tons)
4. Ecuador (3.2 tons)
5. Peru (0.2 tons)

Source: IndexBox Market Intelligence Platform