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Colombia - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in Colombia - 2022
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in Colombia (CIF) - 2022
- Price for Industrial Monocarboxylic Fatty Acids in Colombia (FOB) - 2022
- Imports of Industrial Monocarboxylic Fatty Acids in Colombia
- Exports of Industrial Monocarboxylic Fatty Acids in Colombia
Price for Industrial Monocarboxylic Fatty Acids in Colombia (CIF) - 2022
In February 2022, the average industrial monocarboxylic fatty acids import price amounted to $674 per ton, which is down by -15.1% against the previous month. Over the period under review, import price indicated a slight expansion from February 2021 to February 2022: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, industrial monocarboxylic fatty acids import price increased by +52.2% against November 2021 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 40% m-o-m. As a result, import price attained the peak level of $794 per ton, and then contracted markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Malaysia ($3,093 per ton), while the price for Venezuela ($121 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 Venezuela (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Industrial Monocarboxylic Fatty Acids in Colombia (FOB) - 2022
In 2022, the average industrial monocarboxylic fatty acids export price amounted to $1,069 per ton, rising by 13% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial monocarboxylic fatty acids export price increased by +84.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,280 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
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 Venezuela ($2,015 per ton), while the average price for exports to Italy ($151 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 Chile (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids in Colombia
Industrial monocarboxylic fatty acids imports into Colombia rose to 5.9K tons in 2022, with an increase of 1.6% on the previous year's figure. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, industrial monocarboxylic fatty acids imports declined modestly to $3.2M in 2022. Over the period under review, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Industrial Monocarboxylic Fatty Acids in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 506 | 608 | 869 | 1,173 | 32.3% |
Ecuador | 3,169 | 3,738 | 1,892 | 800 | -36.8% |
Venezuela | 220 | 345 | 331 | 546 | 35.4% |
Indonesia | 65.2 | 66.6 | 1.2 | 242 | 54.8% |
Free Zones | N/A | N/A | N/A | 71.5 | 0% |
Others | 278 | 166 | 236 | 349 | 7.9% |
Total | 4,239 | 4,924 | 3,329 | 3,180 | -9.1% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to Colombia in 2022:
- Venezuela (4067.9 tons)
- Ecuador (1125.6 tons)
- Malaysia (372.3 tons)
- Free Zones (122.8 tons)
- Indonesia (101.0 tons)
Exports of Industrial Monocarboxylic Fatty Acids in Colombia
Industrial monocarboxylic fatty acids exports from Colombia skyrocketed to 945 tons in 2022, with an increase of 49% against the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 126%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, industrial monocarboxylic fatty acids exports surged to $1M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Industrial Monocarboxylic Fatty Acids in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.4 | N/A | 80.8 | 422 | 201.5% |
Venezuela | 269 | 125 | 410 | 358 | 10.0% |
Netherlands | N/A | 66.3 | N/A | 117 | 32.8% |
United States | N/A | N/A | N/A | 55.0 | 0% |
Italy | N/A | N/A | 35.0 | 49.1 | 40.3% |
Germany | N/A | 44.8 | N/A | N/A | 0% |
Japan | 18.7 | 22.7 | 43.4 | N/A | 52.3% |
Panama | 80.0 | N/A | N/A | N/A | 0% |
Mexico | N/A | 121 | N/A | N/A | 0% |
Others | 38.4 | 50.4 | 33.2 | 9.3 | -37.7% |
Total | 422 | 430 | 602 | 1,010 | 33.8% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from Colombia in 2022:
- Italy (325.6 tons)
- China (257.3 tons)
- Venezuela (177.5 tons)
- Netherlands (140.5 tons)
- United States (41.8 tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Colombia.
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