Colombia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Colombia

The Colombian oxygen-function amino-compound market soared to $X in 2021, surging by 55% 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). Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Exports

Exports from Colombia

In 2021, approx. X tons of oxygen-function amino-compounds were exported from Colombia; jumping by 208% against the previous year. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. Overall, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons), Honduras (X tons) and Mexico (X tons) were the main destinations of oxygen-function amino-compound exports from Colombia, together comprising 69% of total exports. Panama, Venezuela, Bolivia and Brazil lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +55.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Ecuador ($X) and Honduras ($X) constituted the largest markets for oxygen-function amino-compound exported from Colombia worldwide, together comprising 72% of total exports. Panama, Venezuela, Brazil and Bolivia lagged somewhat behind, together accounting for a further 15%.

Bolivia, with a CAGR of +36.7%, recorded the highest rates of growth with regard to 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

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oxygen-function amino-compound export price decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 31%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Bolivia ($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 Mexico (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen-Function Amino-Compound Imports

Imports into Colombia

In 2021, approx. X tons of oxygen-function amino-compounds were imported into Colombia; rising by 68% against the previous year. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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

In 2021, China (X tons) constituted the largest supplier of oxygen-function amino-compound to Colombia, with a 68% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Germany (+14.1% per year).

In value terms, China ($X) constituted the largest supplier of oxygen-function amino-compounds to Colombia, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.7% per year) and Germany (+6.8% per year).

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, declining by -9.2% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 2.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Brazil ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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