Colombia: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Colombia

The Colombian aniline derivatives market surged to $X in 2021, with an increase of 21% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +105.4% against 2014 indices. Aniline derivatives consumption peaked in 2021 and is expected to retain growth in years to come.

Aniline Derivatives Production in Colombia

In value terms, aniline derivatives production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Aniline derivatives production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Aniline Derivatives Exports

Exports from Colombia

In 2021, approx. X tons of aniline derivatives and their salts were exported from Colombia; picking up by 61% compared with 2020. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aniline derivatives exports plummeted to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The smallest decline of -18.2% was in 2020. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for aniline derivatives exports from Colombia, accounting for a 100% share of total exports. It was followed by Guatemala (X tons), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela stood at +27.4%.

In value terms, Venezuela ($X) remains the key foreign market for aniline derivatives and their salts exports from Colombia, comprising 100% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -15.7%.

Export Prices by Country

The average aniline derivatives export price stood at $X per ton in 2021, shrinking by -49.3% against the previous year. Overall, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 a decrease of -8.1%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Venezuela amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-22.1%).

Aniline Derivatives Imports

Imports into Colombia

Aniline derivatives imports into Colombia dropped rapidly to X tons in 2021, declining by -20.3% on 2020. Over the period under review, imports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2020 with an increase of 453%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, aniline derivatives imports expanded markedly to $X in 2021. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 604%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest aniline derivatives supplier to Colombia, with a 26% share of total imports. Moreover, aniline derivatives imports from Russia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+93.7% per year) and China (-6.6% per year).

In value terms, Russia ($X), Belgium ($X) and China ($X) appeared to be the largest aniline derivatives suppliers to Colombia, together accounting for 45% of total imports.

Among the main suppliers, Belgium, with a CAGR of +96.8%, recorded 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 aniline derivatives import price amounted to $X per ton, surging by 36% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aniline derivatives import price increased by +73.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Belgium ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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