Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (CIF) - 2022
In February 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $745 per ton, dropping by -2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.5%. The pace of growth was the most pronounced in March 2021 when the average import price increased by 14% m-o-m. The import price peaked at $791 per ton in December 2021; however, from January 2022 to February 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was Belgium ($823 per ton), while the price for Free Zones ($591 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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $939 per ton in 2022, picking up by 33% against the previous year. Overall, the export price, however, showed a mild shrinkage. The export price peaked at $1,133 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($965 per ton), while the average price for exports to the Dominican Republic ($620 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 Bahamas (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia
In 2022, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s into Colombia skyrocketed to 4.8M tons, rising by 38% against 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $4.4B in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,300 | 828 | 1,562 | 3,418 | 38.0% |
| United Kingdom | 82.8 | 21.9 | 13.3 | 368 | 64.4% |
| Free Zones | 276 | 50.5 | 111 | 263 | -1.6% |
| Spain | 3.4 | 1.7 | 113 | 121 | 228.9% |
| Belgium | N/A | N/A | 39.9 | 100 | 150.6% |
| Mexico | 89.0 | 99.7 | 109 | 0.3 | -85.0% |
| Others | 166 | 177 | 236 | 121 | -10.0% |
| Total | 1,917 | 1,179 | 2,185 | 4,392 | 31.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Colombia in 2022:
- United States (3633.0K tons)
- Free Zones (535.4K tons)
- United Kingdom (360.8K tons)
- Belgium (109.3K tons)
- Spain (103.7K tons)
- Mexico (0.5K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia
Exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Colombia reduced sharply to 49K tons in 2022, declining by -91.1% on 2021 figures. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 5.4%.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s shrank markedly to $46M in 2022. Over the period under review, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 40%.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 448 | 118 | 168 | 29.4 | -59.7% |
| Bahamas | 5.3 | 6.9 | 10.0 | 15.1 | 41.8% |
| Spain | 103 | 36.8 | 42.8 | N/A | -35.5% |
| Peru | 26.6 | 8.8 | 8.9 | N/A | -42.2% |
| Germany | 29.7 | 8.6 | 7.0 | N/A | -51.5% |
| Bonaire | 18.1 | 2.9 | 20.5 | N/A | 6.4% |
| Panama | 17.2 | 6.9 | 14.3 | N/A | -8.8% |
| Mexico | 38.5 | 17.6 | 27.6 | N/A | -15.3% |
| Chile | 27.4 | 9.8 | 14.4 | N/A | -27.5% |
| Netherlands | 23.1 | 5.0 | 8.7 | N/A | -38.6% |
| Brazil | 38.2 | 9.1 | 5.4 | N/A | -62.4% |
| Others | 117 | 47.3 | 60.8 | 1.2 | -78.3% |
| Total | 892 | 278 | 388 | 45.7 | -62.9% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Colombia in 2022:
- United States (30.5K tons)
- Bahamas (17.4K tons)
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