Colombia: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Colombia

In 2022, the Colombian hypochlorites, chlorites and hypobromites market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Colombia

In 2022, hypochlorites, chlorites and hypobromites exports from Colombia soared to X tons, jumping by 391% against the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hypochlorites, chlorites and hypobromites exports soared to $X in 2022. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 162% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for hypochlorites, chlorites and hypobromites exports from Colombia, with a 84% share of total exports. Moreover, hypochlorites, chlorites and hypobromites exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X tons), eightfold. Peru (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+6.2% per year) and Peru (+3.0% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites exports from Colombia, comprising 59% of total exports. The second position in the ranking was held by Ecuador ($X), with a 23% share of total exports. It was followed by Panama, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+3.8% per year) and Panama (+25.9% per year).

Export Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $X per ton, reducing by -51.6% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Venezuela ($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 Panama (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Colombia

Hypochlorites, chlorites and hypobromites imports into Colombia surged to X tons in 2022, increasing by 41% against the year before. Overall, imports, however, continue to indicate a slight setback. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports surged to $X in 2022. In general, imports, however, showed a pronounced contraction. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hypochlorites, chlorites and hypobromites to Colombia, with a 53% share of total imports. Moreover, hypochlorites, chlorites and hypobromites imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 21% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+64.8% per year) and the United States (-2.7% per year).

In value terms, China ($X), the United States ($X) and India ($X) constituted the largest hypochlorites, chlorites and hypobromites suppliers to Colombia, with a combined 98% share of total imports.

In terms of the main suppliers, India, with a CAGR of +63.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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