Price for Polyphenols; Resorcinol and Its Salts in Colombia - 2022
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Colombia (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in Colombia (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Colombia
- Exports of Polyphenols; Resorcinol and Its Salts in Colombia
Price for Polyphenols; Resorcinol and Its Salts in Colombia (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $13,213 per ton in 2022, declining by -2.6% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure at $13,564 per ton in 2021, and then reduced slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($18,280 per ton), while the price for the United States ($6,816 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in Colombia (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $16,391 per ton, dropping by -2.2% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 61%. Over the period under review, the average export prices reached the maximum at $19,334 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($25,058 per ton), while the average price for exports to Ecuador ($3,113 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 Chile (+15.1%), while the prices for the other major destinations experienced a decline.
Imports of Polyphenols; Resorcinol and Its Salts in Colombia
In 2022, after three years of growth, there was significant decline in overseas purchases of polyphenols; resorcinol and its saltses, when their volume decreased by -7.4% to 76 tons. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 100%.
In value terms, polyphenols; resorcinol and its salts imports declined to $1M in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 121%.
| Import of Polyphenols; Resorcinol and Its Salts in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 146 | 360 | 452 | 613 | 61.3% |
| United States | 94.9 | 115 | 189 | 98.5 | 1.2% |
| India | 2.1 | 79.8 | 79.9 | 89.8 | 249.7% |
| China | 131 | 262 | 302 | 76.4 | -16.5% |
| Brazil | 5.8 | 25.1 | 22.8 | 25.3 | 63.4% |
| Others | 23.4 | 51.2 | 65.3 | 98.7 | 61.6% |
| Total | 404 | 893 | 1,110 | 1,002 | 35.4% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Colombia in 2022:
- Japan (45.6 tons)
- United States (14.4 tons)
- India (6.6 tons)
- China (4.2 tons)
- Brazil (3.0 tons)
Exports of Polyphenols; Resorcinol and Its Salts in Colombia
Polyphenols; resorcinol and its salts exports from Colombia contracted to 289 kg in 2022, with a decrease of -6.2% on the year before. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, polyphenols; resorcinol and its salts exports dropped to $4.7K in 2022. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $5.2K, and then reduced in the following year.
| Export of Polyphenols; Resorcinol and Its Salts in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2.5 | 2.4 | 2.7 | 2.6 | 1.3% |
| Peru | 2.3 | 1.7 | 2.2 | 2.0 | -4.6% |
| Ecuador | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 4.3 | 5.2 | 4.7 | -3.3% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from Colombia in 2022:
- Peru (130.0 kg)
- Chile (104.0 kg)
- Ecuador (53.0 kg)
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