Colombia: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Colombia

In 2022, after four years of growth, there was significant decline in the Colombian diphosphorus pentaoxide market, when its value decreased by -33.1% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank markedly in the following year.

Diphosphorus Pentaoxide Production in Colombia

In value terms, diphosphorus pentaoxide production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 5,694,400% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Diphosphorus Pentaoxide Exports

Exports from Colombia

In 2022, after two years of decline, there was significant growth in shipments abroad of diphosphorus pentaoxide, when their volume increased by 107% to X tons. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 153% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports amounted to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 172%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X tons) was the main destination for diphosphorus pentaoxide exports from Colombia, accounting for a 79% share of total exports. Moreover, diphosphorus pentaoxide exports to Israel exceeded the volume sent to the second major destination, Germany (X kg), eightfold. The third position in this ranking was taken by Brazil (X kg), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.7% per year) and Brazil (+44.8% per year).

In value terms, the largest markets for diphosphorus pentaoxide exported from Colombia were Israel ($X), Germany ($X) and Brazil ($X), together comprising 66% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +108.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diphosphorus pentaoxide export price stood at $X per ton in 2022, dropping by -50.7% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 208% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Israel ($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 France (+53.8%), while the prices for the other major destinations experienced more modest paces of growth.

Diphosphorus Pentaoxide Imports

Imports into Colombia

In 2022, approx. X tons of diphosphorus pentaoxide were imported into Colombia; dropping by -32.2% on 2021 figures. In general, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 258% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, diphosphorus pentaoxide imports reduced markedly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 197%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of diphosphorus pentaoxide to Colombia, accounting for a 92% share of total imports. Moreover, diphosphorus pentaoxide imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.8%.

In value terms, China ($X) constituted the largest supplier of diphosphorus pentaoxide to Colombia, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average diphosphorus pentaoxide import price amounted to $X per ton, remaining constant against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diphosphorus pentaoxide import price decreased by -18.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Source: IndexBox Platform

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