Colombia - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhenolic Resins Price in Colombia - 2022
Contents:
- Phenolic Resins Price in Colombia (CIF) - 2022
- Phenolic Resins Price in Colombia (FOB) - 2022
- Phenolic Resins Imports in Colombia
- Phenolic Resins Exports in Colombia
Phenolic Resins Price in Colombia (CIF) - 2022
The average phenolic resins import price stood at $2,869 per ton in 2022, rising by 2.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $3,196 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,082 per ton), while the price for Brazil ($1,819 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenolic Resins Price in Colombia (FOB) - 2022
In February 2022, the average phenolic resins export price amounted to $2,895 per ton, which is down by -15.2% against the previous month. In general, the export price, however, recorded measured growth. The most prominent rate of growth was recorded in June 2021 when the average export price increased by 423% month-to-month. The export price peaked at $3,415 per ton in January 2022, and then fell notably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($3,627 per ton), while the average price for exports to Peru ($2,012 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 Venezuela (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Phenolic Resins Imports in Colombia
In 2022, approx. 2.4K tons of phenolic resins in primary forms were imported into Colombia; stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, phenolic resins imports reached $7M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +50.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Phenolic Resins in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,236 | 1,722 | 2,408 | 2,077 | -2.4% |
| Brazil | 746 | 771 | 1,273 | 1,098 | 13.8% |
| Germany | 1,088 | 902 | 1,199 | 1,034 | -1.7% |
| China | 145 | 219 | 557 | 481 | 49.1% |
| Netherlands | 219 | 215 | 325 | 280 | 8.5% |
| India | 103 | 239 | 218 | 188 | 22.2% |
| Mexico | 84.4 | 61.7 | 157 | 136 | 17.2% |
| Others | 712 | 495 | 616 | 1,687 | 33.3% |
| Total | 5,334 | 4,624 | 6,753 | 6,980 | 9.4% |
Top Suppliers of Phenolic Resins to Colombia in 2022:
- Brazil (603.7 tons)
- United States (520.1 tons)
- Germany (448.0 tons)
- China (237.0 tons)
- India (81.9 tons)
- Netherlands (68.7 tons)
- Mexico (42.9 tons)
Phenolic Resins Exports in Colombia
In 2022, phenolic resins exports from Colombia dropped modestly to 1.4K tons, with a decrease of -4.7% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year.
In value terms, phenolic resins exports skyrocketed to $4M in 2022. Overall, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when exports increased by 26%.
| Export of Phenolic Resins in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 854 | 362 | 978 | 731 | -5.1% |
| Bolivia | 195 | 551 | 768 | 574 | 43.3% |
| Brazil | 1,246 | 449 | 120 | 445 | -29.1% |
| Mexico | 491 | 266 | 434 | 324 | -12.9% |
| Argentina | 415 | 346 | 177 | 230 | -17.9% |
| Chile | 339 | 250 | 227 | 200 | -16.1% |
| Venezuela | 195 | 122 | 241 | 180 | -2.6% |
| Dominican Republic | 138 | 56.2 | 94.8 | 71.0 | -19.9% |
| Ecuador | 159 | 35.8 | 85.4 | 68.6 | -24.4% |
| Others | 106 | 149 | 128 | 1,157 | 121.8% |
| Total | 4,137 | 2,585 | 3,253 | 3,979 | -1.3% |
Top Export Markets for Phenolic Resins from Colombia in 2022:
- Peru (338.2 tons)
- Bolivia (293.0 tons)
- Brazil (196.3 tons)
- Venezuela (156.2 tons)
- Mexico (116.9 tons)
- Argentina (88.6 tons)
- Chile (80.8 tons)
- Dominican Republic (26.5 tons)
- Ecuador (24.8 tons)
This report provides an in-depth analysis of the phenolic 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 20165650 - Phenolic 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
-
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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