Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,779 per ton in 2022, rising by 4.6% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 156% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($1,546 per ton), while the price for China ($820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $809 per ton, which is down by -20.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 62%. As a result, the export price reached the peak level of $1,267 per ton. From 2015 to 2022, the average 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 Venezuela amounted to +6.2% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses was finally on the rise to reach 4.6K tons after two years of decline. In general, imports, however, saw a deep setback.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $8.2M in 2022. Overall, imports, however, saw a abrupt contraction.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 1.7 | 1.3 | 3.3 | -12.9% |
| Sweden | N/A | 0.1 | 0.8 | 0.6 | 144.9% |
| United States | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 5.1 | 1.8 | 2.3 | 4.1 | -7.0% |
| Total | 10.0 | 3.6 | 4.4 | 8.2 | -6.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Colombia in 2022:
- China (4.0K tons)
- Sweden (0.4K tons)
- United States (0.2K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia
For the fourth year in a row, Colombia recorded growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, which increased by 234% to 483 tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,499,900% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $391K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,639,900%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | N/A | 16.4 | 73.9 | 196 | 245.7% |
| Others | N/A | 16.4 | 73.9 | 196 | 245.7% |
| Total | N/A | 32.8 | 148 | 391 | 245.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Colombia in 2022:
- Ecuador (241.7 tons)
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