Colombia - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Colombia - 2022
Contents:
- Alkyd Resins Price in Colombia (FOB) - 2022
- Alkyd Resins Price in Colombia (CIF) - 2022
- Alkyd Resins Exports in Colombia
- Alkyd Resins Imports in Colombia
Alkyd Resins Price in Colombia (FOB) - 2022
The average alkyd resins export price stood at $1,938 per ton in February 2022, increasing by 5.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in June 2021 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs at $2,001 per ton in December 2021; however, from January 2022 to February 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In February 2022, the countries with the highest prices were Costa Rica ($2,164 per ton) and Nicaragua ($2,076 per ton), while the average price for exports to Venezuela ($1,727 per ton) and Guatemala ($1,800 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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Alkyd Resins Price in Colombia (CIF) - 2022
The average alkyd resins import price stood at $2,578 per ton in February 2022, picking up by 5.7% against the previous month. Overall, import price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, alkyd resins import price increased by +19.1% against November 2021 indices. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $2,761 per ton. From May 2021 to February 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Thailand ($4,437 per ton), while the price for Panama ($1,622 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 Brazil (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkyd Resins Exports in Colombia
After three years of growth, shipments abroad of alkyd resins in primary forms decreased by -19.1% to 5.1K tons in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 119%. As a result, the exports attained the peak of 6.3K tons, and then dropped rapidly in the following year.
In value terms, alkyd resins exports rose to $11M in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 156% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
Export of Alkyd Resins in Colombia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | N/A | 37.0 | 1,755 | 2,373 | 700.8% |
Costa Rica | 1,155 | 1,189 | 2,554 | 2,298 | 25.8% |
Guatemala | 746 | 806 | 1,253 | 1,655 | 30.4% |
United States | 59.1 | 44.7 | 196 | 1,479 | 192.5% |
Venezuela | 17.4 | 87.3 | 421 | 883 | 270.2% |
Chile | 105 | 348 | 827 | 715 | 89.5% |
Haiti | 215 | 242 | 329 | 315 | 13.6% |
Ecuador | 165 | 71.4 | 154 | 258 | 16.1% |
Honduras | 140 | 313 | 921 | 98.7 | -11.0% |
Bolivia | 500 | 522 | 889 | N/A | 33.3% |
Others | 179 | 477 | 1,303 | 906 | 71.7% |
Total | 3,282 | 4,137 | 10,603 | 10,982 | 49.6% |
Top Export Markets for Alkyd Resins from Colombia in 2022:
- Bolivia (undefined tons)
- El Salvador (1106.2 tons)
- Costa Rica (1068.3 tons)
- Guatemala (753.2 tons)
- United States (621.2 tons)
- Venezuela (462.1 tons)
- Chile (330.0 tons)
- Haiti (147.0 tons)
- Ecuador (118.1 tons)
- Honduras (57.6 tons)
Alkyd Resins Imports in Colombia
In 2022, the amount of alkyd resins in primary forms imported into Colombia contracted notably to 545 tons, falling by -37.1% against the previous year. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 141% against the previous year. As a result, imports reached the peak of 866 tons, and then contracted markedly in the following year.
In value terms, alkyd resins imports dropped modestly to $1.7M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 147%. As a result, imports reached the peak of $1.8M, and then shrank modestly in the following year.
Import of Alkyd Resins in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 153 | 80.1 | 706 | 925 | 82.2% |
Italy | 292 | 189 | 330 | 219 | -9.1% |
Brazil | 174 | 112 | 293 | 146 | -5.7% |
Thailand | 81.2 | 90.2 | 98.9 | 141 | 20.2% |
Netherlands | 91.6 | 62.7 | 53.9 | 99.2 | 2.7% |
Panama | N/A | N/A | N/A | 71.3 | 0% |
Spain | 33.7 | 49.0 | 232 | 65.1 | 24.5% |
Dominican Republic | 44.4 | 63.1 | 36.8 | 13.5 | -32.8% |
Others | 89.8 | 66.5 | 12.0 | 12.8 | -47.8% |
Total | 960 | 713 | 1,763 | 1,693 | 20.8% |
Top Suppliers of Alkyd Resins to Colombia in 2022:
- United States (267.6 tons)
- Italy (74.6 tons)
- Netherlands (51.5 tons)
- Brazil (47.9 tons)
- Panama (44.0 tons)
- Thailand (30.4 tons)
- Spain (20.5 tons)
- Dominican Republic (5.5 tons)
This report provides an in-depth analysis of the alkyd resins market 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 20164050 - Alkyd resins, in primary forms
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
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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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