Colombia - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Colombia - 2022
Contents:
- Monocarboxylic Acid Price in Colombia (CIF) - 2022
- Monocarboxylic Acid Price in Colombia (FOB) - 2022
- Monocarboxylic Acid Imports in Colombia
- Monocarboxylic Acid Exports in Colombia
Monocarboxylic Acid Price in Colombia (CIF) - 2022
In 2022, the average monocarboxylic acid import price amounted to $3,588 per ton, picking up by 4.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The import price peaked at $3,695 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,405 per ton), while the price for South Africa ($1,702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Monocarboxylic Acid Price in Colombia (FOB) - 2022
The average monocarboxylic acid export price stood at $7,042 per ton in 2022, declining by -9.2% against the previous year. In general, the export price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. As a result, the export price reached the peak level of $7,752 per ton, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($8,111 per ton), while the average price for exports to Ecuador amounted to $2,577 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Monocarboxylic Acid Imports in Colombia
Monocarboxylic acid imports into Colombia fell modestly to 5K tons in 2022, approximately mirroring the previous year's figure. Over the period under review, imports saw a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 21%.
In value terms, monocarboxylic acid imports totaled $18M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Monocarboxylic Acid in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 7.0 | 10.4 | 10.6 | 7.2% |
| Brazil | 2.7 | 2.4 | 3.6 | 3.7 | 11.1% |
| South Africa | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 2.3 | 2.8 | 2.5 | 3.0 | 9.3% |
| Total | 13.8 | 12.6 | 17.0 | 17.9 | 9.1% |
Top Suppliers of Monocarboxylic Acid to Colombia in 2022:
- China (2283.1 tons)
- Brazil (2109.0 tons)
- South Africa (175.3 tons)
- Taiwan (Chinese) (108.0 tons)
Monocarboxylic Acid Exports in Colombia
For the fourth year in a row, Colombia recorded growth in overseas shipments of acrylic acid and its salts and other monocarboxylic acid, which increased by 14% to 51 tons in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 195% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, monocarboxylic acid exports rose to $360K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 452%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Monocarboxylic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 28.2 | 21.1 | 211 | 335 | 128.2% |
| Ecuador | 5.0 | 14.8 | 16.1 | 25.5 | 72.1% |
| Peru | N/A | 27.1 | 65.3 | N/A | 141.0% |
| Others | 1.8 | 0.1 | 55.6 | N/A | 455.8% |
| Total | 35.0 | 63.1 | 348 | 360 | 117.5% |
Top Export Markets for Monocarboxylic Acid from Colombia in 2022:
- Venezuela (41.3 tons)
- Ecuador (9.9 tons)
This report provides an in-depth analysis of the monocarboxylic acid 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 20143310 - Acrylic acid and its salts and other monocarboxylic acid
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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In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
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In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
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