Colombia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Colombia

The Colombian saturated acyclic hydrocarbons market reached $X in 2022, growing by 4.2% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Saturated Acyclic Hydrocarbons Production in Colombia

In value terms, saturated acyclic hydrocarbons production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Colombia

In 2022, approx. X tons of saturated acyclic hydrocarbons were exported from Colombia; dropping by -28.4% on the previous year's figure. Overall, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2016 with an increase of 853% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons exports shrank notably to $X in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 1,032%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for saturated acyclic hydrocarbons exports from Colombia, with a 97% share of total exports. It was followed by Peru (X kg), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled -1.8%.

In value terms, Bolivia ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Colombia, comprising 88% of total exports. The second position in the ranking was held by Peru ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled -3.7%.

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, shrinking by -4.3% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 135%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+0.0%), while the prices for the other major destinations experienced a decline.

Saturated Acyclic Hydrocarbons Imports

Imports into Colombia

In 2022, the amount of saturated acyclic hydrocarbons imported into Colombia reduced slightly to X tons, declining by -2.3% on the previous year. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 269% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons imports declined to $X in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 111%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of saturated acyclic hydrocarbons to Colombia, accounting for a 58% share of total imports. Moreover, saturated acyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+27.7% per year) and Germany (+8.2% per year).

In value terms, the United States ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Colombia, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and China (+20.7% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, shrinking by -9.7% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Israel ($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 (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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