Colombia: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Colombia

The Colombian cyclohexanone and methylcyclohexanones market surged to $X in 2021, picking up by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a moderate increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Colombia

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones decreased by -94.4% to X kg, falling for the sixth year in a row after two years of growth. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 112% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports declined notably to $X in 2021. In general, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2014 with an increase of 145% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for cyclohexanone and methylcyclohexanones exports from Colombia, with a 90% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to Ecuador exceeded the volume sent to the second major destination, Venezuela (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador totaled -70.8%.

In value terms, Ecuador ($X) remains the key foreign market for cyclohexanone and methylcyclohexanones exports from Colombia, comprising 90% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at -67.0%.

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, jumping by 95% against the previous year. In general, the export price saw modest growth. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($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 Ecuador (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Colombia

In 2021, the amount of cyclohexanone and methylcyclohexanones imported into Colombia soared to X tons, picking up by 27% compared with 2020. In general, imports saw noticeable growth. The pace of growth appeared the most rapid in 2013 when imports increased by 194%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports skyrocketed to $X in 2021. Overall, imports posted measured growth. The growth pace was the most rapid in 2013 with an increase of 190%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to Colombia, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +40.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Russia ($X) were the largest cyclohexanone and methylcyclohexanones suppliers to Colombia, together accounting for 84% of total imports.

China, with a CAGR of +38.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, increasing by 67% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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