Colombia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Colombia

The Colombian polyethylene glycol and polyether market soared to $X in 2021, increasing by 17% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Polyethylene glycol and polyether consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Colombia

In value terms, polyethylene glycol and polyether production rose markedly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Polyethylene glycol and polyether production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Colombia

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported from Colombia soared to X tons, growing by 31% against 2020. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for polyethylene glycol and polyether exports from Colombia, accounting for a 49% share of total exports. Moreover, polyethylene glycol and polyether exports to Brazil exceeded the volume sent to the second major destination, Peru (X tons), fourfold. The third position in this ranking was held by Ecuador (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil totaled +240.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-2.8% per year) and Ecuador (+3.1% per year).

In value terms, Brazil ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Colombia, comprising 48% of total exports. The second position in the ranking was taken by Peru ($X), with a 13% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to +216.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-0.9% per year) and Ecuador (+9.4% per year).

Export Prices by Country

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, growing by 75% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Colombia

Polyethylene glycol and polyether imports into Colombia skyrocketed to X tons in 2021, rising by 27% against the previous year. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polyethylene glycol and polyether imports to Colombia, together comprising 89% of total imports. Mexico, Brazil and Germany lagged somewhat behind, together accounting for a further 6.3%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Colombia were the United States ($X), China ($X) and South Korea ($X), with a combined 86% share of total imports.

China, with a CAGR of +26.0%, recorded 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 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, picking up by 34% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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