Colombia: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Colombia

The Colombian trichloroethylene and tetrachloroethylene market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Colombia

After two years of growth, overseas shipments of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by -59.5% to X kg in 2021. Over the period under review, exports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2020 when exports increased by 148%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, trichloroethylene and tetrachloroethylene exports contracted markedly to $X in 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X kg), Honduras (X kg) and Costa Rica (X kg) were the main destinations of trichloroethylene and tetrachloroethylene exports from Colombia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +16.6%), while the other leaders experienced a decline.

In value terms, Ecuador ($X) remains the key foreign market for trichloroethylene and tetrachloroethylene (perchloroethylene) exports from Colombia, comprising 67% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-57.8% per year) and Honduras (-12.1% per year).

Export Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene export price amounted to $X per ton, increasing by 16% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 20%. The export price peaked at $X per ton in 2012; however, from 2013 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 Ecuador ($X per ton), while the average price for exports to Honduras ($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 Mexico (+9.4%), while the prices for the other major destinations experienced a decline.

Trichloroethylene And Tetrachloroethylene Imports

Imports into Colombia

In 2021, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. Overall, imports, however, recorded a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the main suppliers of trichloroethylene and tetrachloroethylene imports to Colombia, with a combined 48% share of total imports. These countries were followed by the UK, Italy, China, Belgium, France and the United States, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +3.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Czech Republic ($X) were the largest trichloroethylene and tetrachloroethylene suppliers to Colombia, together comprising 46% of total imports. These countries were followed by the UK, the Netherlands, Italy, China, Belgium and France, which together accounted for a further 28%.

Italy, with a CAGR of +8.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, increasing by 29% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for the Czech Republic ($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 (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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