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Colombia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Colombia - 2022
Contents:
- Price for Processed Petroleum Oils and Distillates in Colombia (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Colombia (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Colombia
- Exports of Processed Petroleum Oils and Distillates in Colombia
Price for Processed Petroleum Oils and Distillates in Colombia (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $771 per ton in February 2022, flattening at the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in July 2021 when the average import price increased by 19% against the previous month. As a result, import price attained the peak level of $798 per ton. From August 2021 to February 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Belgium ($834 per ton), while the price for Free Zones ($535 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 (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Processed Petroleum Oils and Distillates in Colombia (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $570 per ton in February 2022, growing by 7.4% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in September 2021 when the average export price increased by 20% m-o-m. The export price peaked in February 2022.
There were significant differences in the average prices for the major external markets. In February 2022, the country with the highest price was Chile ($733 per ton), while the average price for exports to Singapore ($459 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Processed Petroleum Oils and Distillates in Colombia
In 2022, approx. 7.7M tons of processed petroleum oils and distillates were imported into Colombia; with a decrease of -21.6% on the year before. Over the period under review, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports attained the peak of 9.9M tons, and then declined rapidly in the following year.
In value terms, processed petroleum oils and distillates imports fell significantly to $2.9B in 2022. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of $3.8B, and then reduced markedly in the following year.
Import of Processed Petroleum Oils and Distillates in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,891 | 1,921 | 3,147 | 2,379 | -6.3% |
United Kingdom | 127 | 106 | 34.2 | 130 | 0.8% |
Spain | 1.3 | 1.6 | 60.8 | 80.6 | 295.8% |
Others | 395 | 108 | 517 | 358 | -3.2% |
Total | 3,414 | 2,136 | 3,759 | 2,947 | -4.8% |
Top Suppliers of Processed Petroleum Oils and Distillates to Colombia in 2022:
- United States (6.7M tons)
- United Kingdom (0.3M tons)
- Spain (0.2M tons)
Exports of Processed Petroleum Oils and Distillates in Colombia
After two years of decline, shipments abroad of processed petroleum oils and distillates increased by 6.2% to 4.7M tons in 2022. In general, exports, however, recorded a deep downturn.
In value terms, processed petroleum oils and distillates exports fell to $1.8B in 2022. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 38%.
Export of Processed Petroleum Oils and Distillates in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,034 | 1,042 | 1,311 | 707 | -29.7% |
Bonaire | 116 | 76.8 | 125 | 275 | 33.3% |
Panama | 79.0 | 38.2 | 66.0 | 122 | 15.6% |
Bahamas | 24.0 | 92.3 | 114 | 113 | 67.6% |
Spain | 105 | 57.8 | 62.4 | 107 | 0.6% |
Netherlands | 31.4 | 27.1 | 38.8 | 97.7 | 46.0% |
Singapore | 159 | 9.3 | 105 | 62.1 | -26.9% |
Mexico | 65.2 | 18.1 | 25.4 | 59.5 | -3.0% |
Saudi Arabia | N/A | N/A | N/A | 56.8 | 0% |
Others | 299 | 189 | 297 | 246 | -6.3% |
Total | 2,912 | 1,550 | 2,144 | 1,847 | -14.1% |
Top Export Markets for Processed Petroleum Oils and Distillates from Colombia in 2022:
- United States (1532.1K tons)
- Bonaire (959.3K tons)
- Netherlands (469.7K tons)
- Bahamas (413.0K tons)
- Panama (310.7K tons)
- Spain (182.5K tons)
- Singapore (175.3K tons)
- Saudi Arabia (160.7K tons)
- Mexico (105.5K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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
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