Report Update: Apr 1, 2024

Colombia - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Polyethylene in Primary Forms in Colombia - 2022

Price for Polyethylene in Primary Forms in Colombia (CIF) - 2022

The average polyethylene in primary forms import price stood at $1,753 per ton in February 2022, with a decrease of -3.2% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in March 2021 when the average import price increased by 16% m-o-m. The import price peaked at $1,867 per ton in November 2021; however, from December 2021 to February 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In February 2022, the highest price was recorded for prices from Mexico ($2,155 per ton) and South Korea ($2,017 per ton), while the price for Saudi Arabia ($1,589 per ton) and Nigeria ($1,667 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyethylene in Primary Forms in Colombia (FOB) - 2022

The average polyethylene in primary forms export price stood at $1,298 per ton in February 2022, declining by -35.8% against the previous month. In general, the export price showed a mild downturn. The pace of growth was the most pronounced in April 2021 an increase of 14% month-to-month. The export price peaked at $2,127 per ton in July 2021; however, from August 2021 to February 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From February 2021 to February 2022, the rate of growth in terms of prices for Guatemala amounted to +6.8% per month.

Imports of Polyethylene in Primary Forms in Colombia

For the fourth consecutive year, Colombia recorded growth in supplies from abroad of polyethylene in primary forms, which increased by 5.5% to 356K tons in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 9.6% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, polyethylene in primary forms imports rose remarkably to $583M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Polyethylene in Primary Forms in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	203	207	238	248	6.9%
South Korea	11.2	11.0	40.0	41.6	54.9%
Saudi Arabia	16.2	7.6	39.1	40.7	35.9%
Brazil	28.3	14.3	35.1	36.5	8.9%
Mexico	18.4	28.6	27.9	29.0	16.4%
Canada	8.3	12.9	20.4	21.2	36.7%
China	0.2	0.1	19.1	19.9	363.4%
United Arab Emirates	6.7	5.7	12.3	12.8	24.1%
Qatar	1.1	1.0	11.1	11.5	118.7%
Others	22.4	25.9	71.0	122	75.9%
Total	315	314	514	583	22.8%

Top Suppliers of Polyethylene in Primary Forms to Colombia in 2022:

United States (180.2K tons)
South Korea (23.3K tons)
Saudi Arabia (22.8K tons)
Brazil (20.5K tons)
Mexico (18.3K tons)
Canada (13.5K tons)
China (11.5K tons)
United Arab Emirates (7.8K tons)
Qatar (6.2K tons)

Exports of Polyethylene in Primary Forms in Colombia

In 2022, the amount of polyethylene in primary forms exported from Colombia skyrocketed to 12K tons, rising by 111% against the previous year's figure. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms exports soared to $18M in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 142% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Export of Polyethylene in Primary Forms in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	3.9	1.1	3.6	4.4	4.1%
Ecuador	0.9	0.9	2.3	2.8	46.0%
Peru	0.1	0.1	0.9	1.1	122.4%
Argentina	1.4	0.7	0.7	1.1	-7.7%
Venezuela	0.6	0.9	0.9	1.1	22.4%
Guatemala	0.2	0.3	0.5	0.6	44.2%
Bolivia	0.3	N/A	0.1	0.2	-12.6%
United States	0.3	N/A	0.2	0.2	-12.6%
Others	0.3	0.2	0.9	6.6	180.2%
Total	8.1	4.2	10.2	18.2	31.0%

Top Export Markets for Polyethylene in Primary Forms from Colombia in 2022:

Brazil (2.9K tons)
Ecuador (1.5K tons)
Argentina (0.9K tons)
Peru (0.8K tons)
Venezuela (0.8K tons)
Guatemala (0.3K tons)
United States (0.2K tons)
Bolivia (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene in primary forms 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023