Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia - 2022
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (CIF) - 2022
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (FOB) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (CIF) - 2022
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $2,544 per ton in February 2022, growing by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The import price peaked at $2,566 per ton in September 2021; however, from October 2021 to February 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was South Korea ($3,566 per ton), while the price for China ($2,387 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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (FOB) - 2022
In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $2,564 per ton, reducing by -4.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 162%. As a result, the export price reached the peak level of $6,537 per ton. From 2015 to 2022, the average 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 Costa Rica ($3,995 per ton), while the average price for exports to Brazil ($2,446 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 Brazil (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia
For the fourth year in a row, Colombia recorded growth in overseas purchases of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, which increased by 6.1% to 8.4K tons in 2022. The total import volume increased at an average annual rate of +14.2% 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 with an increase of 19%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $20M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.8 | 6.0 | 6.5 | 13.0 | 30.9% |
| China | 5.5 | 6.1 | 8.2 | 5.8 | 1.8% |
| South Korea | 0.3 | 0.6 | 2.4 | 1.2 | 58.7% |
| Others | 0.1 | 0.7 | 0.3 | 0.3 | 44.2% |
| Total | 11.7 | 13.4 | 17.4 | 20.4 | 20.4% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Colombia in 2022:
- United States (5.2K tons)
- China (2.7K tons)
- South Korea (0.4K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia
In 2022, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses from Colombia soared to 110 tons, rising by 30% against the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 153%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $282K in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 200% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 51.7 | 31.8 | 114 | 198 | 56.5% |
| Chile | 38.9 | 36.1 | 41.9 | 40.8 | 1.6% |
| Brazil | N/A | 3.0 | 48.0 | 24.5 | 185.8% |
| Costa Rica | 1.2 | N/A | N/A | 11.8 | 114.2% |
| United States | 24.9 | 0.6 | N/A | N/A | -97.6% |
| Others | 6.3 | 4.5 | 24.6 | 7.1 | 4.1% |
| Total | 123 | 76.0 | 228 | 282 | 31.9% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Colombia in 2022:
- Argentina (79.1 tons)
- Chile (16.1 tons)
- Brazil (10.0 tons)
- Costa Rica (3.0 tons)
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