Colombia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Colombia

The Colombian market for organo-sulphur compounds and other organo-inorganic compounds shrank notably to $X in 2022, dropping by -17.2% 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). The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Colombia

After two years of growth, overseas shipments of organo-sulphur compounds and other organo-inorganic compounds decreased by -23.2% to X tons in 2022. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of 104%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds dropped rapidly to $X in 2022. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 121%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Mexico (X tons) and Venezuela (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Colombia, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +43.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X) emerged as the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Colombia, comprising 41% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 14% share of total exports. It was followed by Peru, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador totaled -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+23.4% per year) and Peru (-8.1% per year).

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, shrinking by -19.3% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds decreased by -19.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 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 ($X per ton), while the average price for exports to Chile ($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 (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Colombia

In 2022, after two years of growth, there was significant decline in purchases abroad of organo-sulphur compounds and other organo-inorganic compounds, when their volume decreased by -20.8% to X tons. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 20%. Imports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds reduced dramatically to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Colombia, together comprising 68% of total imports. Belgium, Japan, Germany, India and France lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Colombia, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.9% per year) and Germany (+10.2% per year).

Import Prices by Country

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, growing by 5.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for Belgium ($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 (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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