Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $2,994 per ton, rising by 11% against the previous year. Over the period under review, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 229%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,257 per ton), while the price for Germany totaled $1,208 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $2,306 per ton, waning by -84.7% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.6%. Over the period under review, the average export prices hit record highs at $27,940 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +0.3% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Colombia soared to 2.8K tons, jumping by 70% against the year before. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 149% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $8.4M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 244%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 545 | 303 | 1,336 | 2,898 | 74.5% |
| Germany | 286 | 112 | 539 | 536 | 23.3% |
| Finland | 105 | 25.3 | 23.0 | N/A | -53.2% |
| Others | 1,421 | 860 | 2,583 | 4,995 | 52.0% |
| Total | 2,358 | 1,301 | 4,481 | 8,429 | 52.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Colombia in 2022:
- China (2305.6 tons)
- Germany (443.5 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia
In 2022, approx. 22 tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Colombia; picking up by 10,483% on the previous year. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $50K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Colombia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Ecuador | 1.4 | 3.1 | 50.3 | 499.4% |
| Others | N/A | N/A | N/A | 0% |
| Total | 1.4 | 3.1 | 50.3 | 499.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Colombia in 2022:
- Ecuador (21.8 tons)
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