Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,190 per ton, jumping by 39% against the previous year. Overall, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($2,581 per ton) and China ($2,501 per ton), while the price for the United States ($2,132 per ton) and South Korea ($2,342 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $2,328 per ton, with an increase of 34% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($2,551 per ton), while the average price for exports to Ecuador amounted to $2,228 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+8.7%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -33.6% to 18K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of 28K tons, and then reduced rapidly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates dropped to $40M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 117% against the previous year. As a result, imports reached the peak of $43M, and then contracted in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 16.5 | 37.0 | 32.6 | 27.3% |
| China | 0.4 | 1.3 | 2.1 | 5.4 | 138.1% |
| South Korea | 0.3 | 1.0 | 1.8 | 0.8 | 38.7% |
| Others | 1.5 | 1.3 | 2.5 | 1.1 | -9.8% |
| Total | 18.1 | 20.1 | 43.5 | 40.0 | 30.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Colombia in 2022:
- United States (15.3K tons)
- China (2.2K tons)
- South Korea (0.3K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; vinyl acetates increased by 1% to 251 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates soared to $585K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 317 | 245 | 37.5 | 387 | 6.9% |
| Venezuela | 89.3 | 143 | 261 | 199 | 30.6% |
| China | 31.2 | N/A | N/A | N/A | 0% |
| Mexico | N/A | N/A | 132 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 438 | 388 | 431 | 585 | 10.1% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from Colombia in 2022:
- Ecuador (173.5 tons)
- Venezuela (77.9 tons)
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