Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $4,432 per ton in 2022, shrinking by -2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 17% against the previous year. The import price peaked at $5,914 per ton in 2014; however, from 2015 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 France ($29,267 per ton), while the price for Ecuador ($2,986 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $3,704 per ton in 2022, growing by 35% against the previous year. Over the period under review, the export price, however, saw a mild slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 43%. Over the period under review, the average export prices attained the maximum at $9,831 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($4,278 per ton), while the average price for exports to the United States ($3,177 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 Ecuador (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia
Imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Colombia contracted significantly to 33 tons in 2022, waning by -25% on 2021 figures. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of 44 tons, and then declined rapidly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids fell rapidly to $146K in 2022. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 39%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.6 | 21.7 | 67.8 | 57.9 | 22.4% |
| United Kingdom | 51.4 | 19.1 | 26.7 | 29.7 | -16.7% |
| France | 12.3 | 20.0 | 15.3 | 15.2 | 7.3% |
| Ecuador | 20.7 | 17.4 | 13.6 | 11.0 | -19.0% |
| United States | 67.6 | 48.5 | 37.7 | 4.7 | -58.9% |
| Italy | 1.4 | 0.2 | 6.9 | 4.4 | 46.5% |
| Others | 29.6 | 17.0 | 31.6 | 23.0 | -8.1% |
| Total | 215 | 144 | 200 | 146 | -12.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Colombia in 2022:
- China (17.7 tons)
- United Kingdom (8.1 tons)
- Ecuador (3.7 tons)
- Italy (1.0 tons)
- United States (0.8 tons)
- France (0.5 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia
Exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids from Colombia declined significantly to 4.2 tons in 2022, waning by -16.6% compared with the previous year's figure. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 559% against the previous year. As a result, the exports attained the peak of 5 tons, and then fell significantly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids expanded sharply to $16K in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 505% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 2.4 | 0.8 | 3.6 | 6.9 | 42.2% |
| United States | 1.3 | 0.4 | 7.0 | 6.1 | 67.4% |
| Venezuela | 5.7 | 1.1 | 3.2 | 2.6 | -23.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.5 | 2.3 | 13.9 | 15.6 | 18.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Colombia in 2022:
- United States (1.9 tons)
- Ecuador (1.6 tons)
- Venezuela (0.7 tons)
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