Colombia: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Colombia

The Colombian organo-inorganic compounds market soared to $X in 2021, surging by 28% 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, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Organo-Inorganic Compounds Exports

Exports from Colombia

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Colombia declined to X tons, dropping by -2% compared with the year before. Overall, exports showed a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 249% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, organo-inorganic compounds exports reduced to $X in 2021. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2015 when exports increased by 176% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons), Ecuador (X tons) and Peru (X tons) were the main destinations of organo-inorganic compounds exports from Colombia, together comprising 71% of total exports. Mexico, Brazil, Free Zones and Panama lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +518.3%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Peru ($X) and Ecuador ($X) appeared to be the largest markets for organo-inorganic compounds exported from Colombia worldwide, with a combined 68% share of total exports. These countries were followed by Panama, Free Zones, Mexico and Brazil, which together accounted for a further 25%.

Brazil, with a CAGR of +445.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2021, dropping by -11.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 49%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Mexico ($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 Panama (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Organo-Inorganic Compounds Imports

Imports into Colombia

In 2021, approx. X tons of organo-inorganic compounds (excluding organo-sulphur compounds) were imported into Colombia; which is down by -2.9% compared with 2020 figures. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of organo-inorganic compounds imports to Colombia, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +126.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Colombia, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports. It was followed by India, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and India (+92.6% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, growing by 46% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :