Colombia: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Colombia

After three years of growth, the Colombian cyclic hydrocarbons market decreased by X% to $X in 2022. In general, consumption saw a slight downturn. Cyclic hydrocarbons consumption peaked at $X in 2021, and then shrank notably in the following year.

Cyclic Hydrocarbons Exports

Exports from Colombia

In 2022, the amount of cyclic hydrocarbons exported from Colombia contracted to X tons, with a decrease of X% on 2021 figures. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports dropped to $X in 2022. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Peru (X tons) and Ecuador (X tons) were the main destinations of cyclic hydrocarbons exports from Colombia, together accounting for X% of total exports. Chile, Venezuela and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclic hydrocarbons exported from Colombia were the United States ($X), Ecuador ($X) and Peru ($X), together comprising X% of total exports. Venezuela, Chile and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Peru ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in overseas purchases of cyclic hydrocarbons, when their volume decreased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, cyclic hydrocarbons imports shrank sharply to $X in 2022. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of cyclic hydrocarbons to Colombia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of cyclic hydrocarbons to Colombia.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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