Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia - 2022

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia (CIF) - 2022

The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,546 per ton in February 2022, surging by 25% against the previous month. Over the period under review, the import price saw a perceptible increase. The pace of growth was the most pronounced in April 2021 an increase of 117% month-to-month. As a result, import price attained the peak level of $2,414 per ton. From May 2021 to February 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the Netherlands ($2,987 per ton), while the price for the United States ($1,459 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia (FOB) - 2022

In February 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,026 per ton, growing by 4.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Venezuela ($3,448 per ton), while the average price for exports to Mexico ($1,867 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia

In 2022, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Colombia rose sharply to 9.1K tons, picking up by 12% on the previous year. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $13M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Colombia in 2022:

1. United States (8.2K tons)
2. Germany (0.6K tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Colombia

For the fourth consecutive year, Colombia recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses, which increased by 9.2% to 5.8K tons in 2022. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $13M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Colombia in 2022:

1. Brazil (2376.3 tons)
2. Mexico (742.2 tons)
3. Ecuador (576.5 tons)
4. Argentina (434.9 tons)
5. Peru (308.7 tons)
6. Guatemala (280.8 tons)
7. Chile (163.0 tons)
8. Uruguay (151.2 tons)
9. Paraguay (133.0 tons)
10. Venezuela (124.2 tons)
11. Costa Rica (112.1 tons)
12. Dominican Republic (62.7 tons)

Source: IndexBox Market Intelligence Platform