Report Update Nov 1, 2024

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

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Colombia: P-Xylene Market 2024

P-Xylene Market Size in Colombia

In 2021, the Colombian p-xylene market decreased by -13.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a significant expansion. P-xylene consumption peaked at $X in 2020, and then fell in the following year.

P-Xylene Production in Colombia

In value terms, p-xylene production dropped to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 149%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

P-Xylene Exports

Exports from Colombia

For the ninth year in a row, Colombia recorded decline in overseas shipments of p-xylene, which decreased by -0.6% to X tons in 2021. In general, exports saw a pronounced decline. The smallest decline of -0.6% was in 2016. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, p-xylene exports expanded rapidly to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.9% against 2012 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 9.3%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Venezuela (X tons) was the main destination for p-xylene exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled -2.5%.

In value terms, Venezuela ($X) also remains the key foreign market for p-xylene exports from Colombia.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at +8.5%.

Export Prices by Country

In 2021, the average p-xylene export price amounted to $X per ton, surging by 9.9% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to +11.3% per year.

P-Xylene Imports

Imports into Colombia

In 2021, approx. X kg of p-xylene were imported into Colombia; waning by -86.4% on the previous year. Overall, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 743%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, p-xylene imports reduced markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 431% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) was the main p-xylene supplier to Colombia, with a 93% share of total imports. Moreover, p-xylene imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.0% per year) and China (-45.2% per year).

In value terms, Germany ($X) constituted the largest supplier of p-xylene to Colombia, comprising 96% of total imports. The second position in the ranking was held by the United States ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.4% per year) and China (-42.9% per year).

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2021, growing by 59% against the previous year. In general, the import price recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of 173%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+61.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, South Korea and the United States, together comprising 40% of global consumption.

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

South Korea constituted the country with the largest volume of p-xylene production, comprising approx. 21% of total volume. Moreover, p-xylene production in South Korea exceeded the figures recorded by the second-largest producer, Japan, threefold. The United States ranked third in terms of total production with an 8.5% share.

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

In value terms, the largest p-xylene suppliers to Colombia were China and Germany $641).

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

In value terms, Venezuela remains the key foreign market for p-xylene exports from Colombia.

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

In 2021, the average p-xylene export price amounted to $2,261 per ton, which is down by -2.7% against the previous year.

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

The average p-xylene import price stood at $7,226 per ton in 2021, shrinking by -32.1% against the previous year.

This report provides an in-depth analysis of the p-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 20141245 - p-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