Colombia: Petroleum Market 2020

Petroleum Market Size in Colombia

The revenue of the petroleum market in Colombia amounted to $X in 2017, jumping by X% against the previous year. Overall, petroleum consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Colombia petroleum consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Production in Colombia

Petroleum production in Colombia stood at X tonnes in 2017, jumping by X% against the previous year. Overall, the total output indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when the output figure increased by X% year-to-year. Colombia petroleum production peaked in 2017, and is expected to retain its growth in the immediate term.

Petroleum Exports from Colombia

In 2017, exports of petroleum from Colombia stood at X tonnes, shrinking by -X% against the previous year. Overall, the total exports indicated a mild growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Colombia exports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports amounted to $X in 2017. In general, petroleum exports continue to indicate a slight expansion. Over the period under review, the petroleum exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Colombia

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) represented the major exporters of petroleum, together achieving X% of total exports. China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) occupied the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Colombia

The petroleum export price in Colombia stood at $X per tonne in 2017, coming up by X% against the previous year. Overall, petroleum export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of X% against the previous year. Over the period under review, the export prices for petroleum reached its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Colombia

In 2017, approx. X tonnes of petroleum were imported into Colombia; coming down by -X% against the previous year. In general, petroleum imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Colombia imports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, petroleum imports stood at $X in 2017. Overall, petroleum imports continue to indicate an outstanding growth. Over the period under review, the petroleum imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Colombia

The U.S. (X tonnes) and Singapore (X tonnes) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tonnes), creating X% share of total imports. The following importers - Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Colombia, which together accounted for a further X%.

Among the main importing countries , Colombia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Colombia

The petroleum import price in Colombia stood at $X per tonne in 2017, increasing by X% against the previous year. In general, petroleum import price continues to indicate a temperate decrease. The pace of growth was the most pronounced in 2008, when the import prices increased by X% year-to-year. In that year, the import prices for petroleum reached their peak level of $X per tonne. From 2009 to 2017, growth of the import prices for petroleum failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform