Price for Bromides; of Sodium or of Potassium in Colombia - 2022

Price for Bromides; of Sodium or of Potassium in Colombia (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $1,957 per ton in 2022, growing by 24% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. Over the period under review, average import prices attained the peak figure at $2,600 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 ($8,123 per ton), while the price for India ($945 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bromides; of Sodium or of Potassium in Colombia (FOB) - 2022

In 2022, the average export price for bromides; of sodium or of potassia amounted to $1,889 per ton, waning by -13.3% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $3,900 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($2,240 per ton), while the average price for exports to Ecuador totaled $1,276 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-4.8%).

Imports of Bromides; of Sodium or of Potassium in Colombia

In 2022, after three years of growth, there was significant decline in overseas purchases of bromides; of sodium or of potassia, when their volume decreased by -54.6% to 175 tons. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year.

In value terms, imports of bromides; of sodium or of potassia fell rapidly to $342K in 2022. Over the period under review, imports, however, saw mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year.

Import of Bromides; of Sodium or of Potassium in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	45.8	105	250	246	75.1%
France	17.8	67.6	50.8	63.0	52.4%
China	27.9	12.7	26.4	20.3	-10.1%
India	109	0.4	0.4	0.1	-90.3%
Others	123	261	281	12.4	-53.5%
Total	323	447	609	342	1.9%

Top Suppliers of Bromides; of Sodium or of Potassium to Colombia in 2022:

Netherlands (162.7 tons)
France (8.0 tons)
China (2.5 tons)
India (0.1 tons)

Exports of Bromides; of Sodium or of Potassium in Colombia

Exports of bromides; of sodium or of potassia from Colombia soared to 288 kg in 2022, increasing by 185% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 300% against the previous year. As a result, the exports attained the peak of 400 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of bromides; of sodium or of potassia skyrocketed to $544 in 2022. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 204% against the previous year. As a result, the exports reached the peak of $982. From 2021 to 2022, the growth of the exports of failed to regain momentum.