Colombia: Complex Fluorine Salts Market 2023

Complex Fluorine Salts Market Size in Colombia

For the sixth consecutive year, the Colombian complex fluorine salts market recorded growth in sales value, which increased by 15% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Complex Fluorine Salts Exports

Exports from Colombia

In 2021, shipments abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 157%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports soared to $X in 2021. Overall, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 129% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), Venezuela (X tons) and Peru (X tons) were the main destinations of complex fluorine salts exports from Colombia, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +18.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) emerged as the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from Colombia, comprising 62% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 21% share of total exports. It was followed by Venezuela, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-24.9% per year) and Venezuela (-21.2% per year).

Export Prices by Country

In 2021, the average complex fluorine salts export price amounted to $X per ton, rising by 91% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Complex Fluorine Salts Imports

Imports into Colombia

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts imported into Colombia stood at X tons, surging by 7% against 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of complex fluorine salts imports to Colombia, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest complex fluorine salts suppliers to Colombia were Germany ($X), China ($X) and Spain ($X), together accounting for 81% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +19.9%, 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

In 2021, the average complex fluorine salts import price amounted to $X per ton, increasing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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