Report Update Nov 1, 2024

Colombia - Octanol (Octyl Alcohol) and Isomers Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Colombia

The Colombian octyl alcohol market reduced remarkably to $X in 2022, falling by -25% 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 continues to indicate a slight curtailment. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Octyl Alcohol Exports

Exports from Colombia

In 2022, the amount of octanol (octyl alcohol) and isomers thereof exported from Colombia reduced markedly to X tons, falling by -49.7% compared with the previous year's figure. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 15,083% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, octyl alcohol exports fell rapidly to $X in 2022. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 10,205%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for octyl alcohol exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled +17.2%.

In value terms, Ecuador ($X) emerged as the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at +19.3%.

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, octyl alcohol export price decreased by -31.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +1.8% per year.

Octyl Alcohol Imports

Imports into Colombia

Octyl alcohol imports into Colombia contracted to X tons in 2022, with a decrease of -12% on the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 112%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, octyl alcohol imports dropped dramatically to $X in 2022. Over the period under review, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 163% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main octyl alcohol supplier to Colombia, accounting for a 96% share of total imports. Moreover, octyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Colombia, comprising 97% of total imports. The second position in the ranking was taken by Sweden ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -2.4%.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, dropping by -21.6% against the previous year. In general, the import price showed a mild downturn. The pace of growth was the most pronounced in 2020 an increase of 33%. The import price peaked at $X per ton in 2021, and then declined sharply in the following year.

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 Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for octanol (octyl alcohol) and isomers thereof in the world?

China constituted the country with the largest volume of octyl alcohol consumption, accounting for 21% of total volume. Moreover, octyl alcohol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of octanol (octyl alcohol) and isomers thereof in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 36% share of global production.

What are the leading suppliers of octanol (octyl alcohol) and isomers thereof to Colombia?

In value terms, the United States constituted the largest supplier of octyl alcohol to Colombia, comprising 97% of total imports. The second position in the ranking was occupied by Sweden, with a 2.3% share of total imports.

What are the leading importers of octanol (octyl alcohol) and isomers thereof from Colombia?

In value terms, Ecuador remains the key foreign market for octyl alcohol exports from Colombia.

What is the average export price for octanol (octyl alcohol) and isomers thereof in Colombia?

The average octyl alcohol export price stood at $2,809 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for octanol (octyl alcohol) and isomers thereof in Colombia?

The average octyl alcohol import price stood at $882 per ton in 2021, increasing by 11% against the previous year.

This report provides an in-depth analysis of the octyl alcohol 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 20142263 - Octanol (octyl alcohol) and isomers thereof

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