Report Update Nov 1, 2024

Colombia - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Acrylonitrile Market 2024

Acrylonitrile Market Size in Colombia

In 2021, the Colombian acrylonitrile market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Acrylonitrile Exports

Exports from Colombia

In 2021, shipments abroad of acrylonitrile was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, acrylonitrile exports surged to $X in 2021. Overall, exports enjoyed pronounced growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for acrylonitrile exports from Colombia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +3.4%.

In value terms, Ecuador ($X) also remains the key foreign market for acrylonitrile exports from Colombia.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +3.0%.

Export Prices by Country

The average acrylonitrile export price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to -0.3% per year.

Acrylonitrile Imports

Imports into Colombia

After three years of decline, purchases abroad of acrylonitrile increased by 46% to X tons in 2021. In general, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of 50%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, acrylonitrile imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons) and the Netherlands (X tons) were the main suppliers of acrylonitrile imports to Colombia.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +13.5%).

In value terms, the Netherlands ($X) and Brazil ($X) constituted the largest acrylonitrile suppliers to Colombia.

Among the main suppliers, Brazil, with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average acrylonitrile import price amounted to $X per ton, rising by 47% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile in the world?

The countries with the highest volumes of acrylonitrile consumption in 2020 were the United States, Turkey and the UK, together accounting for 39% of global consumption. China, the Netherlands, Japan, Malaysia, India, Taiwan Chinese), France, Mexico, the United Arab Emirates and Belgium lagged somewhat behind, together comprising a further 50%.

What are the largest producers of acrylonitrile in the world?

The country with the largest volume of acrylonitrile production was the United States, comprising approx. 43% of total volume. Moreover, acrylonitrile production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. The third position in this ranking was occupied by the UK, with a 10% share.

What are the leading suppliers of acrylonitrile to Colombia?

In value terms, the Netherlands constituted the largest supplier of acrylonitrile to Colombia, comprising 53% of total imports. The second position in the ranking was occupied by China, with a 24% share of total imports.

What are the leading importers of acrylonitrile from Colombia?

In value terms, Ecuador remains the key foreign market for acrylonitrile exports from Colombia.

What is the average export price for acrylonitrile in Colombia?

The average acrylonitrile export price stood at $3,912 per ton in 2020, falling by -9.2% against the previous year.

What is the average import price for acrylonitrile in Colombia?

In 2020, the average acrylonitrile import price amounted to $2,026 per ton, falling by -19.4% against the previous year.

This report provides an in-depth analysis of the acrylonitrile market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144350 - Acrylonitrile

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023