Colombia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Colombia

The Colombian market for unsaturated polyesters in primary forms expanded modestly to $X in 2021, picking up by 2% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Colombia

In value terms, unsaturated polyesters in primary forms production reached $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. Unsaturated polyesters in primary forms production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Colombia

In 2021, the amount of unsaturated polyesters in primary forms exported from Colombia surged to X tons, rising by 98% against the year before. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. Over the period under review, exports recorded pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Colombia, together accounting for 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +52.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsaturated polyesters in primary forms exported from Colombia were the United States ($X), Chile ($X) and Mexico ($X), with a combined 59% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +53.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to El Salvador ($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 the United States (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Colombia

In 2021, after two years of decline, there was significant growth in supplies from abroad of unsaturated polyesters in primary forms, when their volume increased by 183% to X tons. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2021. Overall, imports saw a perceptible increase. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), Chile (X tons) and the United States (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Colombia, together accounting for 63% of total imports. Italy, Brazil, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +124.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and the United States ($X) were the largest unsaturated polyesters in primary forms suppliers to Colombia, together accounting for 67% of total imports. These countries were followed by Italy, Germany, Brazil and Taiwan (Chinese), which together accounted for a further 26%.

In terms of the main suppliers, Brazil, with a CAGR of +104.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, shrinking by -7.2% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 8.7%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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 (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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