Colombia: Peroxosulphates Market 2024

Peroxosulphates Market Size in Colombia

In 2021, the Colombian peroxosulphates market decreased by -8.7% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.8% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Peroxosulphates Exports

Exports from Colombia

After two years of decline, overseas shipments of peroxosulphates (persulphates) increased by 122% to X tons in 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 691%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxosulphates exports skyrocketed to $X in 2021. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 526%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for peroxosulphates exports from Colombia, with a 96% share of total exports. Moreover, peroxosulphates exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to +16.4%.

In value terms, Ecuador ($X) remains the key foreign market for peroxosulphates exports from Colombia, comprising 96% of total exports. The second position in the ranking was taken by Peru ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador totaled +25.7%.

Export Prices by Country

The average peroxosulphates export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 73% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+7.9%).

Peroxosulphates Imports

Imports into Colombia

In 2021, overseas purchases of peroxosulphates (persulphates) decreased by -19.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, peroxosulphates imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 61% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of peroxosulphates to Colombia, with a 73% share of total imports. Moreover, peroxosulphates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.6% per year) and Italy (+2.9% per year).

In value terms, China ($X) constituted the largest supplier of peroxosulphates to Colombia, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.7% per year) and Italy (+1.9% per year).

Import Prices by Country

The average peroxosulphates import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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