Colombia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Colombia

The Colombian polycarboxylic acid market dropped rapidly to $X in 2022, reducing by -26.6% 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, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Polycarboxylic Acid Exports

Exports from Colombia

In 2022, polycarboxylic acid exports from Colombia reduced dramatically to X tons, falling by -16.5% compared with the previous year. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 62% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarboxylic acid exports shrank sharply to $X in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 161%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), the United States (X tons) and Costa Rica (X tons) were the main destinations of polycarboxylic acid exports from Colombia, together accounting for 69% 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 the United States (with a CAGR of +1.7%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Brazil ($X) and Costa Rica ($X) appeared to be the largest markets for polycarboxylic acid exported from Colombia worldwide, with a combined 66% share of total exports.

The United States, with a CAGR of +2.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, dropping by -17.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 75% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Brazil ($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 Costa Rica (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Colombia

In 2022, polycarboxylic acid imports into Colombia reduced notably to X tons, waning by -21.2% against the previous year. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, polycarboxylic acid imports shrank significantly to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 121%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

The United States (X tons), Mexico (X tons) and Russia (X tons) were the main suppliers of polycarboxylic acid imports to Colombia, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +87.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Colombia were the United States ($X), Mexico ($X) and China ($X), with a combined 49% share of total imports. South Korea, Taiwan (Chinese), Russia, Chile, India, Brazil and Argentina lagged somewhat behind, together accounting for a further 43%.

Russia, with a CAGR of +83.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, which is down by -7.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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