Colombia: Chlorides Market 2024

Chlorides Market Size in Colombia

The Colombian chlorides market rose to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Chlorides consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Chlorides Production in Colombia

In value terms, chlorides production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Chlorides Exports

Exports from Colombia

After three years of growth, overseas shipments of chlorides (excluding ammonium chloride) decreased by X% to X tons in 2023. In general, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then plummeted in the following year.

In value terms, chlorides exports dropped sharply to $X in 2023. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for chlorides exports from Colombia, accounting for a X% share of total exports. Moreover, chlorides exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was taken by Guatemala (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Guatemala (X% per year).

In value terms, the United States ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2023, the average chlorides export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a slight slump. The growth pace was the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Belize ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into Colombia

In 2023, approx. X tons of chlorides (excluding ammonium chloride) were imported into Colombia; with an increase of X% against the previous year. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, chlorides imports skyrocketed to $X in 2023. In general, imports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of chlorides to Colombia, with a X% share of total imports. Moreover, chlorides imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and the United States (X% per year).

In value terms, the United States ($X), China ($X) and the Czech Republic ($X) appeared to be the largest chlorides suppliers to Colombia, with a combined X% share of total imports. Germany, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chlorides import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform