Report Update Nov 1, 2024

Colombia - Carbon Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Colombia

In 2022, the Colombian carbon dioxide market decreased by -11.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Carbon Dioxide Production in Colombia

In value terms, carbon dioxide production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 68%. Carbon dioxide production peaked at $X in 2021, and then shrank rapidly in the following year.

Carbon Dioxide Exports

Exports from Colombia

In 2022, shipments abroad of carbon dioxide decreased by -63.4% to X tons, falling for the third consecutive year after three years of growth. Overall, exports faced a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 404%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, carbon dioxide exports shrank dramatically to $X in 2022. In general, exports recorded a significant contraction. The growth pace was the most rapid in 2019 with an increase of 74%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled -20.1%.

In value terms, Ecuador ($X) emerged as the key foreign market for carbon dioxide exports from Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at -6.4%.

Export Prices by Country

In 2022, the average carbon dioxide export price amounted to $X per ton, jumping by 123% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 299% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +52.0% per year.

Carbon Dioxide Imports

Imports into Colombia

In 2022, approx. X tons of carbon dioxide were imported into Colombia; picking up by 83% on the year before. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 516% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon dioxide imports skyrocketed to $X in 2022. In general, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 268% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Austria (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of carbon dioxide imports to Colombia, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +147.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hungary ($X) and Taiwan (Chinese) ($X) were the largest carbon dioxide suppliers to Colombia, together accounting for 72% of total imports. The UK, Austria and China lagged somewhat behind, together accounting for a further 24%.

Austria, with a CAGR of +58.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbon dioxide import price amounted to $X per ton, increasing by 6.8% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 139% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbon dioxide in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption. Japan, Brazil, the UK, Russia, the Netherlands, France, South Korea, Pakistan, Nigeria and Iran lagged somewhat behind, together comprising a further 29%.

What are the largest producers of carbon dioxide in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 41% of global production. These countries were followed by Japan, Brazil, Russia, the UK, the Netherlands, South Korea, France, Pakistan, Nigeria and Iran, which together accounted for a further 29%.

What are the leading suppliers of carbon dioxide to Colombia?

In value terms, the largest carbon dioxide suppliers to Colombia were Costa Rica, Ecuador and the United States, with a combined 71% share of total imports. Trinidad and Tobago, Austria, France and Belgium lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of carbon dioxide from Colombia?

In value terms, Venezuela emerged as the key foreign market for carbon dioxide exports from Colombia, comprising 45% of total exports. The second position in the ranking was occupied by the Dominican Republic, with a 22% share of total exports.

What is the average export price for carbon dioxide in Colombia?

In 2021, the average carbon dioxide export price amounted to $675 per ton, dropping by -24.5% against the previous year.

What is the average import price for carbon dioxide in Colombia?

In 2021, the average carbon dioxide import price amounted to $4,646 per ton, falling by -34.9% against the previous year.

This report provides an in-depth analysis of the carbon dioxide 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 20111230 - Carbon dioxide

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