Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia - 2022

Contents:

1. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia (CIF) - 2022
2. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia (FOB) - 2022
3. Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia
4. Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia (CIF) - 2022

The average import price for hormones; halogenated derivatives or adrenal cortical hormoneses stood at $2.8M per ton in February 2022, growing by 35% against the previous month. Overall, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 138% m-o-m. The import price peaked at $3.4M per ton in February 2021; afterwards, it flattened through to February 2022.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($9.1M per ton), while the price for China ($1.1M 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 United States (+48.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia (FOB) - 2022

In 2022, the average export price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $2,422,214 per ton, with an increase of 151% against the previous year. In general, the export price continues to indicate significant growth. The growth pace was the most rapid in 2014 when the average export price increased by 327%. Over the period under review, the average export prices attained the peak figure at $7,307,214 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($13,821,000 per ton), while the average price for exports to Nicaragua ($3,000 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 Bolivia (+81.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia

In 2022, purchases abroad of hormones; halogenated derivatives or adrenal cortical hormoneses decreased by -4.4% to 1.3 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%.

In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses expanded notably to $3.6M in 2022. The total import value increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to Colombia in 2022:

1. Belgium (977.0 kg)
2. India (193.0 kg)
3. China (102.0 kg)

Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Colombia

Exports of hormones; halogenated derivatives or adrenal cortical hormoneses from Colombia surged to 14 kg in 2022, increasing by 56% on the year before. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, exports of hormones; halogenated derivatives or adrenal cortical hormoneses surged to $34K in 2022. Over the period under review, exports, however, continue to indicate a sharp shrinkage.

Top Export Markets for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones from Colombia in 2022:

1. Ecuador (3.0 kg)
2. Venezuela (2.0 kg)
3. Free Zones (2.0 kg)
4. Honduras (1.0 kg)
5. El Salvador (1.0 kg)
6. Nicaragua (1.0 kg)
7. Malaysia (1.0 kg)
8. Chile (1.0 kg)
9. Switzerland (1.0 kg)
10. Bolivia (1.0 kg)

Source: IndexBox Market Intelligence Platform