Report Update Nov 1, 2024

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

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Colombia: Cumene Market 2024

Cumene Market Size in Colombia

The Colombian cumene market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a noticeable downturn. Cumene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cumene Production in Colombia

In value terms, cumene production shrank to $X in 2021 estimated in export price. Overall, production saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 1.7% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cumene Exports

Exports from Colombia

In 2020, approx. X tons of cumene were exported from Colombia; jumping by 67% compared with 2019. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cumene exports surged to $X in 2020. Over the period under review, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +53.6% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2019 to 2020, the average annual rate of growth in terms of volume to Ecuador totaled +66.7%.

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

From 2019 to 2020, the average annual rate of growth in terms of value to Ecuador totaled +53.6%.

Export Prices by Country

The average cumene export price stood at $X per ton in 2020, reducing by -7.9% against the previous year. Over the period under review, the export price saw a deep reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2019, and then fell in the following year.

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

From 2019 to 2020, the rate of growth in terms of prices for Ecuador amounted to -7.8% per year.

Cumene Imports

Imports into Colombia

In 2021, cumene imports into Colombia surged to X kg, picking up by 129% on the previous year. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 3,067%. Over the period under review, imports hit record highs at X kg in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cumene imports stood at $X in 2021. Over the period under review, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of 786%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ecuador (X kg) and the United States (X kg) were the main suppliers of cumene imports to Colombia. Moreover, cumene imports in Ecuador exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of 0.0%).

In value terms, Ecuador ($X) and the United States ($X) constituted the largest cumene suppliers to Colombia.

Among the main suppliers, Ecuador, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average cumene import price stood at $X per ton in 2021, dropping by -56.9% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 122% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-15.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, with a combined 73% share of global consumption. The United States, Singapore, Brazil and Germany lagged somewhat behind, together comprising a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, together accounting for 78% of global production. The United States, Germany, Russia and Portugal lagged somewhat behind, together accounting for a further 19%.

What are the leading suppliers of cumene to Colombia?

In value terms, the largest cumene suppliers to Colombia were Ecuador and the United States.

What are the leading importers of cumene from Colombia?

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

What is the average export price for cumene in Colombia?

The average cumene export price stood at $1,046 per ton in 2020, dropping by -7.9% against the previous year.

What is the average import price for cumene in Colombia?

The average cumene import price stood at $1,862 per ton in 2021, increasing by 4.2% against the previous year.

This report provides an in-depth analysis of the cumene 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 20141270 - Cumene

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