Colombia: Abs Copolymers Market 2024

Abs Copolymers Market Size in Colombia

In 2021, after two years of decline, there was significant growth in the Colombian ABS copolymers market, when its value increased by 101% to $X. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Exports

Exports from Colombia

For the eighth consecutive year, Colombia recorded growth in overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which increased by 2.3% to X tons in 2021. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 182% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ABS copolymers exports soared to $X in 2021. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 111%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for ABS copolymers exports from Colombia, accounting for a 64% share of total exports. Moreover, ABS copolymers exports to Singapore exceeded the volume sent to the second major destination, Ecuador (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+28.5% per year) and Peru (+35.4% per year).

In value terms, Ecuador ($X), Peru ($X) and Singapore ($X) constituted the largest markets for ABS copolymers exported from Colombia worldwide, together accounting for 85% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +43.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Mexico ($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 Malaysia (+149.8%), while the prices for the other major destinations experienced mixed trend patterns.

Abs Copolymers Imports

Imports into Colombia

In 2021, imports of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms into Colombia surged to X tons, jumping by 45% on the previous year. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports surged to $X in 2021. In general, imports saw a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Mexico (X tons) were the main suppliers of ABS copolymers imports to Colombia, with a combined 86% share of total imports. These countries were followed by the United States, Saudi Arabia, the UK and Belgium, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Mexico ($X) were the largest ABS copolymers suppliers to Colombia, together accounting for 89% of total imports. These countries were followed by Saudi Arabia, the United States, the UK and Belgium, which together accounted for a further 4.8%.

The UK, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, growing by 66% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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