Colombia: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Colombia

In 2022, the Colombian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -0.8% to $X for the first time since 2011, thus ending a ten-year rising trend. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 9.4% against the previous year. Over the period under review, the market attained the peak level at $X in 2021, and then shrank modestly in the following year.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Colombia

In value terms, butanal butanal and acyclic aldehydes production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% 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 2020 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Colombia

For the third consecutive year, Colombia recorded growth in shipments abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, which increased by 19% to X tons in 2022. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 174%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes exports shrank to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 274% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Brazil (X tons) and Venezuela (X tons) were the main destinations of butanal butanal and acyclic aldehydes exports from Colombia, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +76.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Ecuador ($X) and Brazil ($X) were the largest markets for butanal butanal and acyclic aldehydes exported from Colombia worldwide, with a combined 87% share of total exports.

Brazil, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, which is down by -25% against the previous year. In general, the export price showed a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Ecuador ($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 Peru (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Colombia

Butanal butanal and acyclic aldehydes imports into Colombia declined significantly to X tons in 2022, with a decrease of -20.9% against the previous year's figure. Overall, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 89%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes imports declined rapidly to $X in 2022. Over the period under review, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of butanal butanal and acyclic aldehydes imports to Colombia, together accounting for 92% of total imports. India and the UK lagged somewhat behind, together comprising a further 3.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanal butanal and acyclic aldehydes suppliers to Colombia were the United States ($X), China ($X) and Germany ($X), with a combined 77% share of total imports. India and the UK lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, India, with a CAGR of +13.3%, 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 more modest paces of growth.

Import Prices by Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price showed a slight descent. The growth pace was the most rapid in 2014 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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