Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia - 2022

Contents:

1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia (CIF) - 2022
2. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia (FOB) - 2022
3. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia
4. Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia (CIF) - 2022

The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $3,036 per ton in 2022, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $3,470 per ton. From 2019 to 2022, the average 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 ($9,973 per ton), while the price for India ($2,326 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 (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia (FOB) - 2022

In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $7,064 per ton, surging by 2.8% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2018 an increase of 85% against the previous year. The export price peaked at $8,955 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($16,189 per ton), while the average price for exports to Ecuador ($4,507 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 Venezuela (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia

Imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into Colombia reduced to 305 tons in 2022, waning by -5.9% compared with the year before. In general, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol reduced to $927K in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Colombia in 2022:

1. China (120.9 tons)
2. India (74.6 tons)
3. Germany (66.2 tons)
4. United States (20.1 tons)
5. Netherlands (19.9 tons)

Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Colombia

In 2022, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol from Colombia skyrocketed to 5.3 tons, jumping by 18% on the previous year. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 6.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $37K in 2022. Over the period under review, exports, however, recorded a mild contraction.

Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Colombia in 2022:

1. Ecuador (3.4 tons)
2. Peru (1.6 tons)
3. Venezuela (0.3 tons)
4. Mexico (0.1 tons)

Source: IndexBox Market Intelligence Platform