Colombia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Colombia

The Colombian polyethylene glycol and polyether market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Polyethylene glycol and polyether consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Colombia

In value terms, polyethylene glycol and polyether production declined to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Polyethylene glycol and polyether production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Colombia

Polyethylene glycol and polyether exports from Colombia declined to X tons in 2022, which is down by X% compared with 2021 figures. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, polyethylene glycol and polyether exports contracted rapidly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Brazil (X tons) was the main destination for polyethylene glycol and polyether exports from Colombia, with a X% share of total exports. Moreover, polyethylene glycol and polyether exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Peru (X% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average polyethylene glycol and polyether export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the United States ($X 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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Colombia

In 2022, polyethylene glycol and polyether imports into Colombia declined to X tons, waning by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, polyethylene glycol and polyether imports dropped rapidly to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The United States (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polyethylene glycol and polyether imports to Colombia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest polyethylene glycol and polyether suppliers to Colombia were the United States ($X), China ($X) and South Korea ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average polyethylene glycol and polyether import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the price for South Korea ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform