Report Update Nov 1, 2024

Colombia - Thiosulphates - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Thiosulphates Market 2024

Thiosulphates Market Size in Colombia

The Colombian thiosulphates market soared to $X in 2021, growing by 49% 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). In general, consumption showed notable growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Thiosulphates Exports

Exports from Colombia

For the seventh consecutive year, Colombia recorded growth in shipments abroad of thiosulphates, which increased by 12% to X tons in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 342%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, thiosulphates exports expanded sharply to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 105%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The Dominican Republic (X tons) was the main destination for thiosulphates exports from Colombia, accounting for a 69% share of total exports. Moreover, thiosulphates exports to the Dominican Republic exceeded the volume sent to the second major destination, Panama (X tons), threefold. The third position in this ranking was held by Ecuador (X kg), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic stood at +105.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+19.3% per year) and Ecuador (+0.1% per year).

In value terms, the largest markets for thiosulphates exported from Colombia were Panama ($X), the Dominican Republic ($X) and Peru ($X), with a combined 99% share of total exports.

The Dominican Republic, with a CAGR of +61.0%, saw 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 mixed trend patterns.

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 205%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Ecuador ($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 Venezuela (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Thiosulphates Imports

Imports into Colombia

In 2021, imports of thiosulphates into Colombia soared to X tons, rising by 55% on the year before. In general, imports saw a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 280% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, thiosulphates imports surged to $X in 2021. Overall, imports showed a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 129%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main thiosulphates supplier to Colombia, with a 96% share of total imports. It was followed by the United States (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and Germany (-13.4% per year).

In value terms, the largest thiosulphates suppliers to Colombia were the United States ($X), China ($X) and Germany ($X), together comprising 96% of total imports.

Among the main suppliers, the United States, with a CAGR of +7.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, declining by -22.3% against the previous year. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 350%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thiosulphates in the world?

China remains the largest thiosulphates consuming country worldwide, comprising approx. 22% of total volume. Moreover, thiosulphates consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.8% share.

What are the largest producers of thiosulphates in the world?

China remains the largest thiosulphates producing country worldwide, accounting for 29% of total volume. Moreover, thiosulphates production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of thiosulphates to Colombia?

In value terms, the United States constituted the largest supplier of thiosulphates to Colombia, comprising 60% of total imports. The second position in the ranking was occupied by China, with a 29% share of total imports.

What are the leading importers of thiosulphates from Colombia?

In value terms, the Dominican Republic remains the key foreign market for thiosulphates exports from Colombia, comprising 74% of total exports. The second position in the ranking was occupied by Ecuador, with a 15% share of total exports.

What is the average export price for thiosulphates in Colombia?

In 2020, the average thiosulphates export price amounted to $1,097 per ton, shrinking by -66.3% against the previous year.

What is the average import price for thiosulphates in Colombia?

In 2020, the average thiosulphates import price amounted to $735 per ton, falling by -6.2% against the previous year.

This report provides an in-depth analysis of the thiosulphates market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134135 - Thiosulphates

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023