Colombia: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Colombia

The Colombian market for phthalic anhydride, terephthalic acid and its salts soared to $X in 2021, rising by 58% 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). Over the period under review, consumption saw resilient growth. Phthalic anhydride and terephthalic acid consumption peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Colombia

In 2021, after four years of growth, there was significant decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by -29.2% to X tons. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 121% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports reduced notably to $X in 2021. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 93% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Colombia, accounting for a 61% share of total exports. Moreover, phthalic anhydride and terephthalic acid exports to Brazil exceeded the volume sent to the second major destination, Venezuela (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-10.3% per year) and Ecuador (-11.2% per year).

In value terms, Brazil ($X) emerged as the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Colombia, comprising 53% of total exports. The second position in the ranking was held by Venezuela ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-13.9% per year) and Ecuador (-8.2% per year).

Export Prices by Country

The average export price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the export price, however, continues to indicate a mild decline. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Ecuador ($X per ton), while the average price for exports to Brazil ($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 Ecuador (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Colombia

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts imported into Colombia soared to X tons, with an increase of 29% compared with the previous year. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 79%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Mexico (X tons) and China (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Colombia, together accounting for 78% of total imports. These countries were followed by Israel, South Korea, Brazil and Belarus, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +213.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Mexico ($X) and China ($X) constituted the largest phthalic anhydride and terephthalic acid suppliers to Colombia, with a combined 76% share of total imports. These countries were followed by Israel, South Korea, Brazil and Belarus, which together accounted for a further 21%.

In terms of the main suppliers, Israel, with a CAGR of +202.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, jumping by 44% against the previous year. In general, the import price, however, recorded a abrupt curtailment. 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 countries with the highest prices were Brazil ($X per ton) and Belarus ($X per ton), while the price for Israel ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :