Report Update Nov 1, 2024

Colombia - O-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: O-Xylene Market 2024

O-Xylene Market Size in Colombia

In 2022, after two years of growth, there was significant decline in the Colombian o-xylene market, when its value decreased by -34.1% to $X. Over the period under review, consumption recorded a abrupt descent. O-xylene consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

O-Xylene Exports

Exports from Colombia

In 2022, exports of o-xylene from Colombia shrank dramatically to X tons, waning by -31.2% against the year before. Over the period under review, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 264% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, o-xylene exports dropped remarkably to $X in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 353% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for o-xylene exports from Colombia, accounting for a 66% share of total exports. Moreover, o-xylene exports to the Dominican Republic exceeded the volume sent to the second major destination, Peru (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+10.1% per year) and Panama (-23.0% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for o-xylene exports from Colombia, comprising 72% of total exports. The second position in the ranking was held by Peru ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.9% per year) and Panama (-28.2% per year).

Export Prices by Country

The average o-xylene export price stood at $X per ton in 2022, falling by -11.3% against the previous year. In general, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Peru ($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 Dominican Republic (+0.3%), while the prices for the other major destinations experienced a decline.

O-Xylene Imports

Imports into Colombia

In 2022, purchases abroad of o-xylene decreased by -29% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2019 when imports increased by 325%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, o-xylene imports reduced notably to $X in 2022. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 383% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest o-xylene supplier to Colombia, with a 37% share of total imports. Moreover, o-xylene imports from the United States exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -10.2%.

In value terms, the United States ($X) constituted the largest supplier of o-xylene to Colombia, comprising 45% of total imports. The second position in the ranking was taken by Venezuela ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -13.8%.

Import Prices by Country

The average o-xylene import price stood at $X per ton in 2022, declining by -13.2% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Venezuela amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-xylene in the world?

The countries with the highest volumes of in 2021 were the UK, China and Singapore, with a combined 33% share of global consumption. Germany, Italy, the United States, Russia, Belgium, South Korea, India, Iran, the Netherlands and Indonesia lagged somewhat behind, together accounting for a further 45%.

What are the largest producers of o-xylene in the world?

The countries with the highest volumes of in 2021 were India, Singapore and the UK, with a combined 45% share of global production.

What are the leading suppliers of o-xylene to Colombia?

In value terms, the largest o-xylene suppliers to Colombia were the United States, the Netherlands and France, together accounting for 100% of total imports.

What are the leading importers of o-xylene from Colombia?

In value terms, the Dominican Republic remains the key foreign market for o-xylene exports from Colombia.

What is the average export price for o-xylene in Colombia?

The average o-xylene export price stood at $887 per ton in 2021, remaining constant against the previous year.

What is the average import price for o-xylene in Colombia?

In 2021, the average o-xylene import price amounted to $1,201 per ton, with an increase of 4.2% against the previous year.

This report provides an in-depth analysis of the o-xylene market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141243 - o-Xylene

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023