Colombia - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAdipic Acid Price in Colombia - 2022
Contents:
- Adipic Acid Price in Colombia (CIF) - 2022
- Adipic Acid Price in Colombia (FOB) - 2022
- Adipic Acid Imports in Colombia
- Adipic Acid Exports in Colombia
Adipic Acid Price in Colombia (CIF) - 2022
The average adipic acid import price stood at $2,779 per ton in February 2022, waning by -5.4% against the previous month. In general, import price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, adipic acid import price increased by +15.7% against December 2021 indices. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 24% month-to-month. The import price peaked at $2,939 per ton in January 2022, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($19,373 per ton), while the price for South Korea ($2,075 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Adipic Acid Price in Colombia (FOB) - 2022
In 2022, the average adipic acid export price amounted to $1,830 per ton, which is down by -21.7% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. The export price peaked at $2,915 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($2,633 per ton), while the average price for exports to Brazil ($1,745 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Adipic Acid Imports in Colombia
In 2022, after three years of growth, there was decline in purchases abroad of adipic acid, its salts and esters, when their volume decreased by -1.8% to 1.5K tons. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15%.
In value terms, adipic acid imports reduced to $2.5M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $2.8M, and then contracted in the following year.
| Import of Adipic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.7 | 268 | 1,033 | 911 | 167.3% |
| China | 1,198 | 1,214 | 501 | 630 | -19.3% |
| Germany | 316 | 336 | 694 | 612 | 24.6% |
| Brazil | 242 | 272 | 351 | 310 | 8.6% |
| South Korea | N/A | N/A | 160 | N/A | 0% |
| Others | 109 | 28.5 | 105 | 18.1 | -45.0% |
| Total | 1,913 | 2,118 | 2,843 | 2,480 | 9.0% |
Top Suppliers of Adipic Acid to Colombia in 2022:
- China (504.3 tons)
- United States (458.7 tons)
- Germany (296.6 tons)
- Brazil (235.8 tons)
Adipic Acid Exports in Colombia
In 2022, overseas shipments of adipic acid, its salts and esters were finally on the rise to reach 88 tons after two years of decline. Over the period under review, exports, however, continue to indicate a significant decline.
In value terms, adipic acid exports skyrocketed to $161K in 2022. Overall, exports, however, showed a dramatic shrinkage.
| Export of Adipic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 288 | 195 | 0.5 | 111 | -27.2% |
| Ecuador | 72.6 | 16.7 | 5.5 | 22.4 | -32.4% |
| Costa Rica | 28.8 | 17.7 | 15.0 | 15.7 | -18.3% |
| Honduras | 3.1 | 16.4 | 11.7 | 11.9 | 56.6% |
| Venezuela | N/A | 2.5 | 25.8 | N/A | 932.0% |
| Chile | 15.8 | N/A | 8.4 | N/A | -27.1% |
| Peru | 49.7 | N/A | 7.8 | N/A | -60.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 458 | 248 | 74.6 | 161 | -29.4% |
Top Export Markets for Adipic Acid from Colombia in 2022:
- Brazil (63.8 tons)
- Ecuador (11.5 tons)
- Costa Rica (8.3 tons)
- Honduras (4.5 tons)
This report provides an in-depth analysis of the adipic acid 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 20143385 - Adipic acid, its salts and esters
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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