Colombia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Colombia

The Colombian market for lauric acid and other acids, their salts and esters soared to $X in 2021, increasing by 33% 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). Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Colombia

In 2021, overseas shipments of lauric acid and other acids, their salts and esters were finally on the rise to reach X tons after five years of decline. Overall, exports continue to indicate pronounced growth. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. In general, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 99%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Colombia, with a 49% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to Ecuador exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Free Zones (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+90.8% per year) and Free Zones (+37.1% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for lauric acid and other acids, their salts and esters exports from Colombia, comprising 42% of total exports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total exports. It was followed by Free Zones, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+80.2% per year) and Free Zones (+27.0% per year).

Export Prices by Country

In 2021, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, with a decrease of -19.9% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for lauric acid and other acids, their salts and esters decreased by -34.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Colombia

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were imported into Colombia; rising by 31% on 2020. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +122.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 88%. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Malaysia (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Colombia, together accounting for 32% of total imports. These countries were followed by Brazil, the United States, Indonesia, Sweden, China and Mexico, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +45.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Colombia, comprising 23% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 7.2% share of total imports. It was followed by Malaysia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.6% per year) and Malaysia (+2.3% per year).

Import Prices by Country

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, increasing by 2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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