Colombia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Colombia

The Colombian halogenated hydrocarbon derivative market fell to $X in 2022, dropping by -14.6% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Colombia

In 2022, the amount of halogenated derivatives of hydrocarbons exported from Colombia reduced markedly to X tons, falling by -41.6% compared with the year before. In general, exports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 484% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports contracted dramatically to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 449%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for halogenated hydrocarbon derivative exports from Colombia, accounting for a 45% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Guatemala exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The third position in this ranking was taken by Ecuador (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-7.7% per year) and Ecuador (+22.2% per year).

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Colombia were Brazil ($X), Ecuador ($X) and Guatemala ($X), together accounting for 84% of total exports.

Ecuador, with a CAGR of +20.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to Panama ($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 the United States (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Colombia

In 2022, the amount of halogenated derivatives of hydrocarbons imported into Colombia contracted to X tons, dropping by -2% compared with the previous year. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports fell significantly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of halogenated hydrocarbon derivative to Colombia, accounting for a 91% share of total imports. Moreover, halogenated hydrocarbon derivative imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +4.3%.

In value terms, the United States ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Colombia, comprising 93% of total imports. The second position in the ranking was held by Mexico ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +4.2%.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, which is down by -18.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices 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 Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.1%).

Source: IndexBox Platform

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