Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia - 2022

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia (CIF) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia (FOB) - 2022
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia (CIF) - 2022

In February 2022, the average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $10,963 per ton, approximately mirroring the previous month. Over the period under review, import price indicated modest growth from February 2021 to February 2022: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -23.3% against December 2021 indices. The most prominent rate of growth was recorded in December 2021 when the average import price increased by 81% month-to-month. As a result, import price attained the peak level of $14,289 per ton. From January 2022 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 Mexico ($135K per ton), while the price for Germany ($5,918 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 Mexico (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia (FOB) - 2022

The average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $14,993 per ton in 2022, dropping by -11.7% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by 321% against the previous year. As a result, the export price reached the peak level of $31,981 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($31,271 per ton), while the average price for exports to Guatemala ($3,068 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 Mexico (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia

In 2022, approx. 739 tons of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses were imported into Colombia; which is down by -2.6% compared with 2021 figures. The total import volume increased at an average annual rate of +6.7% 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 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of 758 tons, and then fell in the following year.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses soared to $9M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +87.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Colombia in 2022:

1. China (335.4 tons)
2. India (156.1 tons)
3. Germany (80.3 tons)
4. United States (51.7 tons)
5. Spain (46.8 tons)
6. Mexico (27.6 tons)
7. Netherlands (21.4 tons)
8. France (12.0 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Colombia

For the fourth consecutive year, Colombia recorded growth in shipments abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses, which increased by 32% to 23 tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 86%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $348K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Colombia in 2022:

1. Peru (6.0 tons)
2. Guatemala (5.9 tons)
3. Venezuela (5.5 tons)
4. Mexico (2.0 tons)
5. Ecuador (1.8 tons)
6. United States (0.8 tons)
7. Brazil (0.6 tons)

Source: IndexBox Market Intelligence Platform