Colombia: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Colombia

The Colombian derivatives of hydrocarbons market shrank to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded prominent growth. Derivatives of hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Derivatives Of Hydrocarbons Exports

Exports from Colombia

Derivatives of hydrocarbons exports from Colombia fell sharply to X tons in 2022, declining by X% compared with the previous year's figure. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, derivatives of hydrocarbons exports shrank notably to $X in 2022. Over the period under review, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Peru (X tons) was the main destination for derivatives of hydrocarbons exports from Colombia, accounting for a X% share of total exports. It was followed by Brazil (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled X%.

In value terms, Peru ($X) remains the key foreign market for derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled X%.

Export Prices by Country

The average derivatives of hydrocarbons export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, derivatives of hydrocarbons export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Peru ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Derivatives Of Hydrocarbons Imports

Imports into Colombia

In 2022, approx. X tons of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups were imported into Colombia; which is down by X% on the previous year's figure. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, derivatives of hydrocarbons imports skyrocketed to $X in 2022. In general, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of derivatives of hydrocarbons to Colombia, with a X% share of total imports. Moreover, derivatives of hydrocarbons imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, India ($X) constituted the largest supplier of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups to Colombia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average derivatives of hydrocarbons import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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