Phenols; Phenol-Alcohols Price in Colombia - 2022
Contents:
- Phenols; Phenol-Alcohols Price in Colombia (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Colombia (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Colombia
- Phenols; Phenol-Alcohols Exports in Colombia
Phenols; Phenol-Alcohols Price in Colombia (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $1,905 per ton in 2022, with an increase of 3.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. The import price peaked at $2,105 per ton in 2014; however, from 2015 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 China ($9,079 per ton), while the price for Brazil ($1,443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced a decline.
Phenols; Phenol-Alcohols Price in Colombia (FOB) - 2022
In 2022, the average phenols; phenol-alcohols export price amounted to $9,694 per ton, which is down by -48.3% against the previous year. Overall, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 115% against the previous year. Over the period under review, the average export prices hit record highs at $18,748 per ton in 2021, and then dropped rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($41,211 per ton), while the average price for exports to Peru ($4,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Colombia
In 2022, phenols; phenol-alcohols imports into Colombia dropped remarkably to 8.2K tons, reducing by -17.8% compared with 2021 figures. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% 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 +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of 10K tons, and then declined dramatically in the following year.
In value terms, phenols; phenol-alcohols imports fell notably to $16M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +21.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of $18M, and then dropped notably in the following year.
| Import of Phenols; Phenol-Alcohols in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 6.4 | 10.9 | 9.2 | 11.1% |
| India | 1.5 | 1.5 | 1.9 | 1.6 | 2.2% |
| China | 0.8 | 1.3 | 1.3 | 1.1 | 11.2% |
| Brazil | 1.0 | 0.6 | 1.1 | 1.0 | 0.0% |
| Russia | 1.4 | 1.0 | 0.7 | 0.9 | -13.7% |
| Others | 1.4 | 2.0 | 2.4 | 1.7 | 6.7% |
| Total | 12.8 | 12.8 | 18.4 | 15.6 | 6.8% |
Top Suppliers of Phenols; Phenol-Alcohols to Colombia in 2022:
- United States (6.4K tons)
- Brazil (0.7K tons)
- Russia (0.4K tons)
- India (0.3K tons)
- China (0.1K tons)
Phenols; Phenol-Alcohols Exports in Colombia
In 2022, approx. 148 tons of phenols; phenol-alcoholses were exported from Colombia; picking up by 41% against the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 188% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, phenols; phenol-alcohols exports declined markedly to $1.4M in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 284% against the previous year.
| Export of Phenols; Phenol-Alcohols in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 106 | 110 | 354 | 708 | 88.3% |
| United States | 32.0 | 50.8 | 152 | 305 | 112.0% |
| Venezuela | 3.2 | 1.1 | 60.9 | 122 | 236.6% |
| Peru | 18.5 | 117 | 46.9 | 120 | 86.5% |
| Germany | N/A | 80.2 | 23.5 | 68.2 | -7.8% |
| Argentina | 0.1 | 9.0 | 18.7 | 37.3 | 619.8% |
| Australia | N/A | 339 | 569 | N/A | 67.8% |
| Israel | N/A | 100 | 618 | N/A | 518.0% |
| Others | 73.9 | 90.0 | 120 | 69.9 | -1.8% |
| Total | 234 | 897 | 1,964 | 1,431 | 82.9% |
Top Export Markets for Phenols; Phenol-Alcohols from Colombia in 2022:
- Ecuador (78.4 tons)
- Peru (28.0 tons)
- Venezuela (23.6 tons)
- United States (7.4 tons)
- Argentina (4.5 tons)
- Germany (3.5 tons)
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