Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia - 2022

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia (FOB) - 2022
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia (CIF) - 2022
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia (FOB) - 2022

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,817 per ton in February 2022, reducing by -8.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in April 2021 when the average export price increased by 22% month-to-month. Over the period under review, the average export prices reached the maximum at $2,285 per ton in May 2021; however, from June 2021 to February 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In February 2022, the highest price was recorded for prices to Venezuela ($2,050 per ton) and the Dominican Republic ($1,935 per ton), while the average price for exports to Peru ($1,696 per ton) and the United States ($1,702 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia (CIF) - 2022

The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,889 per ton in February 2022, almost unchanged from the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in March 2021 an increase of 16% m-o-m. The import price peaked at $2,082 per ton in December 2021; however, from January 2022 to February 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In February 2022, the countries with the highest prices were Belgium ($2,249 per ton) and the United States ($1,910 per ton), while the price for Saudi Arabia ($1,670 per ton) and Oman ($1,706 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia

In 2022, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -1.4% to 283K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, the exports attained the peak of 324K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polymers of propylene or of other olefins, in primary formses fell to $489M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. As a result, the exports attained the peak of $560M, and then contracted in the following year.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Colombia in 2022:

1. Brazil (71.6K tons)
2. Mexico (43.4K tons)
3. Argentina (31.5K tons)
4. Free Zones (23.9K tons)
5. Peru (23.5K tons)
6. Venezuela (21.4K tons)
7. United States (14.0K tons)
8. Ecuador (13.0K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Colombia

In 2022, imports of polymers of propylene or of other olefins, in primary formses into Colombia contracted to 91K tons, reducing by -10% against 2021 figures. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 101K tons, and then declined in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses expanded modestly to $167M in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 106%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Colombia in 2022:

1. Brazil (22.3K tons)
2. South Korea (15.8K tons)
3. United States (10.6K tons)
4. China (10.5K tons)
5. Saudi Arabia (8.6K tons)
6. Chile (4.6K tons)
7. Belgium (4.3K tons)
8. Ecuador (1.4K tons)
9. India (0.4K tons)
10. Vietnam (0.4K tons)

Source: IndexBox Market Intelligence Platform