Colombia - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHerbicide Price in Colombia - 2022
Contents:
- Herbicide Price in Colombia (CIF) - 2022
- Herbicide Price in Colombia (FOB) - 2022
- Herbicide Imports in Colombia
- Herbicide Exports in Colombia
Herbicide Price in Colombia (CIF) - 2022
The average herbicide import price stood at $4,517 per ton in 2022, with a decrease of -5.7% against the previous year. Over the period under review, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $5,306 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($26,996 per ton), while the price for Guatemala ($2,737 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Herbicide Price in Colombia (FOB) - 2022
The average herbicide export price stood at $7,686 per ton in February 2022, which is down by -7% against the previous month. In general, export price indicated a moderate expansion 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, herbicide export price decreased by -13.9% against November 2021 indices. The growth pace was the most rapid in November 2021 an increase of 31% m-o-m. As a result, the export price attained the peak level of $8,932 per ton. From December 2021 to February 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Ecuador ($24,363 per ton), while the average price for exports to Panama ($762 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 Ecuador (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Herbicide Imports in Colombia
After three years of growth, overseas purchases of herbicides decreased by -5.7% to 69K tons in 2022. The total import volume increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year.
In value terms, herbicide imports dropped to $310M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year.
Import of Herbicide in Colombia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 47.5 | 62.0 | 88.9 | 79.3 | 18.6% |
Free Zones | 26.4 | 30.3 | 33.9 | 30.2 | 4.6% |
United States | 13.3 | 15.5 | 20.3 | 18.1 | 10.8% |
Vietnam | 4.0 | 6.7 | 5.6 | 5.0 | 7.7% |
India | 3.1 | 5.0 | 5.3 | 4.7 | 14.9% |
Mexico | 1.2 | 2.8 | 4.0 | 3.6 | 44.2% |
Guatemala | 0.8 | 0.2 | 2.1 | 1.9 | 33.4% |
Others | 112 | 149 | 188 | 167 | 14.2% |
Total | 209 | 271 | 348 | 310 | 14.0% |
Top Suppliers of Herbicide to Colombia in 2022:
- China (19.0K tons)
- Free Zones (9.6K tons)
- Vietnam (1.4K tons)
- India (1.1K tons)
- Mexico (0.9K tons)
- United States (0.7K tons)
- Guatemala (0.7K tons)
Herbicide Exports in Colombia
In 2022, after three years of growth, there was significant decline in shipments abroad of herbicides, when their volume decreased by -18.9% to 23K tons. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 60%. As a result, the exports reached the peak of 28K tons, and then dropped significantly in the following year.
In value terms, herbicide exports contracted dramatically to $137M in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports reached the peak of $170M, and then reduced notably in the following year.
Export of Herbicide in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 5.7 | 9.3 | 26.0 | 21.6 | 55.9% |
Ecuador | 6.9 | 6.2 | 10.4 | 8.6 | 7.6% |
Peru | 5.2 | 6.5 | 6.6 | 5.5 | 1.9% |
Dominican Republic | 3.7 | 4.6 | 6.3 | 5.3 | 12.7% |
Brazil | 0.7 | 0.5 | 5.1 | 4.2 | 81.7% |
Panama | 4.3 | 4.8 | 4.6 | 3.8 | -4.0% |
Costa Rica | 3.7 | 3.8 | 4.6 | 3.8 | 0.9% |
Honduras | 1.9 | 2.5 | 4.3 | 3.6 | 23.7% |
Guatemala | 1.9 | 3.6 | 4.4 | 3.6 | 23.7% |
Free Zones | 1.3 | 3.4 | 3.0 | 2.5 | 24.4% |
Bolivia | 1.8 | 0.9 | 1.2 | 1.1 | -15.1% |
El Salvador | 0.7 | 1.2 | 1.0 | 0.9 | 8.7% |
Others | 48.6 | 56.7 | 92.8 | 72.7 | 14.4% |
Total | 86.5 | 104 | 170 | 137 | 16.6% |
Top Export Markets for Herbicide from Colombia in 2022:
- Mexico (4.2K tons)
- Honduras (1.0K tons)
- Guatemala (1.0K tons)
- Ecuador (0.8K tons)
- Panama (0.7K tons)
- Free Zones (0.7K tons)
- Costa Rica (0.6K tons)
- Peru (0.6K tons)
- Brazil (0.5K tons)
- Dominican Republic (0.4K tons)
- El Salvador (0.3K tons)
- Bolivia (0.2K tons)
This report provides an in-depth analysis of the herbicide 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
- Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
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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