Waxes; Artificial, Prepared Price in Colombia - 2022

Contents:

1. Waxes; Artificial, Prepared Price in Colombia (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Colombia (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Colombia
4. Waxes; Artificial, Prepared Exports in Colombia

Waxes; Artificial, Prepared Price in Colombia (CIF) - 2022

The average waxes; artificial, prepared import price stood at $3,360 per ton in February 2022, shrinking by -10.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in April 2021 an increase of 19% m-o-m. The import price peaked at $3,823 per ton in November 2021; however, from December 2021 to February 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,638 per ton), while the price for Indonesia ($2,204 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Colombia (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $2,492 per ton, with a decrease of -14.1% against the previous year. Overall, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 38% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,736 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($4,009 per ton), while the average price for exports to Chile ($1,340 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 the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Colombia

In 2022, waxes; artificial, prepared imports into Colombia dropped to 5.7K tons, with a decrease of -6.4% on the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 6.1K tons, and then fell in the following year.

In value terms, waxes; artificial, prepared imports declined rapidly to $16M in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports reached the peak of $19M, and then reduced rapidly in the following year.

Top Suppliers of Waxes; Artificial, Prepared to Colombia in 2022:

1. United States (1962.8 tons)
2. Germany (752.6 tons)
3. China (501.1 tons)
4. Denmark (427.0 tons)
5. Brazil (387.5 tons)
6. Spain (254.9 tons)
7. Indonesia (204.7 tons)
8. Saudi Arabia (198.5 tons)
9. Mexico (183.4 tons)
10. India (155.1 tons)
11. Turkey (137.3 tons)
12. Venezuela (134.7 tons)
13. Singapore (102.5 tons)

Waxes; Artificial, Prepared Exports in Colombia

Waxes; artificial, prepared exports from Colombia declined slightly to 309 tons in 2022, dropping by -3.5% against 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of 320 tons, and then contracted slightly in the following year.

In value terms, waxes; artificial, prepared exports dropped notably to $770K in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 52%. As a result, the exports reached the peak of $928K, and then fell notably in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Colombia in 2022:

1. Costa Rica (141.5 tons)
2. Brazil (33.2 tons)
3. Ecuador (31.5 tons)
4. Peru (28.9 tons)
5. Chile (17.2 tons)
6. Dominican Republic (15.0 tons)
7. Mexico (12.9 tons)

Source: IndexBox Market Intelligence Platform