Colombia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Colombia

In 2022, the Colombian phosphinates and phosphonates market decreased by -13.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Phosphinates And Phosphonates Exports

Exports from Colombia

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported from Colombia dropped rapidly to X tons, with a decrease of -15.3% against 2021. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 264%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports shrank dramatically to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 400%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Peru (X tons), the Dominican Republic (X tons) and Venezuela (X tons) were the main destinations of phosphinates and phosphonates exports from Colombia, together comprising 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +35.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phosphinates and phosphonates exported from Colombia were Peru ($X), Guatemala ($X) and Venezuela ($X), together comprising 96% of total exports.

Venezuela, with a CAGR of +51.1%, 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

The average phosphinates and phosphonates export price stood at $X per ton in 2022, dropping by -5.8% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of 94%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the Dominican Republic ($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 Guatemala (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Colombia

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported into Colombia fell notably to X tons, waning by -15.1% compared with the previous year's figure. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 55% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 66% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphinates and phosphonates to Colombia, accounting for a 81% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+28.2% per year) and India (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Colombia, comprising 76% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 5.2% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+36.1% per year) and India (-2.2% per year).

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, picking up by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Venezuela ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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