Colombia - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthanol Price in Colombia - 2022
Contents:
- Ethanol Price in Colombia (CIF) - 2022
- Ethanol Price in Colombia (FOB) - 2022
- Ethanol Imports in Colombia
- Ethanol Exports in Colombia
Ethanol Price in Colombia (CIF) - 2022
In February 2022, the average ethanol import price amounted to $885 per thousand litres, declining by -10.3% against the previous month. In general, import price indicated a temperate increase from February 2021 to February 2022: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, ethanol import price increased by +31.7% against October 2021 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 28% m-o-m. As a result, import price attained the peak level of $1.0 per litre, and then dropped in the following month.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was Ecuador ($955 per thousand litres), while the price for Bolivia ($682 per thousand litres) 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 (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Ethanol Price in Colombia (FOB) - 2022
The average ethanol export price stood at $930 per thousand litres in February 2022, stabilizing at the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2021 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices attained the maximum at $1.1 per litre in November 2021; however, from December 2021 to February 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In February 2022, the country with the highest price was Canada ($1.1 per litre), while the average price for exports to Venezuela stood at $883 per thousand litres.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Ethanol Imports in Colombia
Ethanol imports into Colombia surged to 448M litres in 2022, rising by 64% compared with 2021 figures. In general, imports, however, recorded a deep downturn. Imports peaked at 618M litres in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, ethanol imports soared to $199M in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. Imports peaked at $274M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ethanol in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 225 | 206 | 114 | 161 | -10.6% |
| Bolivia | 23.0 | 14.5 | 10.9 | 13.9 | -15.5% |
| Brazil | 8.1 | 18.0 | 7.2 | 10.0 | 7.3% |
| Ecuador | 9.4 | 8.3 | 7.8 | 7.3 | -8.1% |
| Peru | 2.5 | 0.8 | 5.8 | 4.8 | 24.3% |
| Others | 5.7 | 2.5 | 2.0 | 1.5 | -35.9% |
| Total | 274 | 250 | 147 | 199 | -10.1% |
Top Suppliers of Ethanol to Colombia in 2022:
- United States (378.9M litres)
- Brazil (23.1M litres)
- Bolivia (22.6M litres)
- Peru (10.8M litres)
- Ecuador (9.7M litres)
Ethanol Exports in Colombia
In 2022, after two years of decline, there was growth in shipments abroad of ethyl alcohol, when their volume increased by 1% to 4.4M litres. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at 5.6M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, ethanol exports reached $4.5M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 8.1% against the previous year. As a result, the exports reached the peak of $4.5M; afterwards, it flattened through to 2022.
| Export of Ethanol in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,345 | 2,779 | 1,444 | 1,702 | 8.2% |
| Panama | 1,294 | 619 | 1,044 | 1,220 | -1.9% |
| Ecuador | 23.4 | 12.4 | 825 | 1,009 | 250.7% |
| France | 1,365 | 173 | 14.5 | 348 | -36.6% |
| Belgium | 109 | 218 | 62.7 | 97.2 | -3.7% |
| Peru | 0.1 | 1.0 | 11.3 | 70.5 | 790.0% |
| Venezuela | N/A | 304 | 990 | N/A | 225.7% |
| Others | 49.8 | 419 | 114 | 68.6 | 11.3% |
| Total | 4,186 | 4,525 | 4,506 | 4,516 | 2.6% |
Top Export Markets for Ethanol from Colombia in 2022:
- United States (1320.8K litres)
- Ecuador (1215.4K litres)
- Panama (1162.8K litres)
- France (545.3K litres)
- Peru (77.1K litres)
- Belgium (75.9K litres)
This report provides an in-depth analysis of the ethanol 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
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
530
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