Colombia - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 2, 2024

Colombia - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Amino Resin Price in Colombia - 2022

Contents:

  1. Amino Resin Price in Colombia (CIF) - 2022
  2. Amino Resin Price in Colombia (FOB) - 2022
  3. Amino Resin Imports in Colombia
  4. Amino Resin Exports in Colombia

Amino Resin Price in Colombia (CIF) - 2022

The average amino resin import price stood at $3,010 per ton in February 2022, with an increase of 20% against the previous month. Over the period under review, import price indicated perceptible growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, amino resin import price increased by +19.7% against January 2022 indices. The growth pace was the most rapid in September 2021 when the average import price increased by 59% against the previous month. As a result, import price reached the peak level of $3,281 per ton. From October 2021 to February 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($4,478 per ton), while the price for the United States ($2,370 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 Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Amino Resin Price in Colombia (FOB) - 2022

The average amino resin export price stood at $3,549 per ton in February 2022, falling by -4.9% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in July 2021 an increase of 25% m-o-m. Over the period under review, the average export prices attained the maximum at $3,731 per ton in January 2022, and then shrank modestly in the following month.

There were significant differences in the average prices for the major overseas markets. In February 2022, the country with the highest price was Ecuador ($3,940 per ton), while the average price for exports to Bolivia ($2,052 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports in Colombia

In 2022, imports of amino resins into Colombia shrank rapidly to 17K tons, reducing by -52.5% against 2021 figures. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports attained the peak of 36K tons, and then dropped sharply in the following year.

In value terms, amino resin imports declined dramatically to $50M in 2022. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $71M, and then reduced dramatically in the following year.

Import of Amino Resin in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States44.439.341.631.3-11.0%
China4.03.95.75.39.8%
South Korea2.54.76.54.319.8%
Germany1.81.72.53.221.1%
Brazil0.70.24.11.322.9%
Spain1.31.02.01.30.0%
Others5.25.88.32.9-17.7%
Total60.056.570.749.7-6.1%

Top Suppliers of Amino Resin to Colombia in 2022:

  1. United States (11.1K tons)
  2. China (1.9K tons)
  3. South Korea (1.4K tons)
  4. Germany (1.1K tons)
  5. Spain (0.4K tons)
  6. Brazil (0.3K tons)

Amino Resin Exports in Colombia

In 2022, approx. 1.3K tons of amino resins were exported from Colombia; reducing by -61.6% against the previous year's figure. In general, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. As a result, the exports attained the peak of 3.4K tons, and then shrank dramatically in the following year.

In value terms, amino resin exports dropped significantly to $4.6M in 2022. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of $12M, and then reduced remarkably in the following year.

Export of Amino Resin in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador8.07.110.73.5-24.1%
El Salvador0.10.50.40.344.2%
Brazil0.10.50.10.226.0%
Chile0.40.5N/A0.2-20.6%
ArgentinaN/A0.80.30.2-50.0%
Bolivia0.10.20.10.10.0%
Peru0.80.10.20.1-50.0%
Others0.50.30.1N/A-55.3%
Total10.19.912.04.6-23.1%

Top Export Markets for Amino Resin from Colombia in 2022:

  1. Ecuador (920.5 tons)
  2. Chile (106.8 tons)
  3. El Salvador (88.4 tons)
  4. Argentina (58.4 tons)
  5. Bolivia (51.0 tons)
  6. Brazil (46.1 tons)
  7. Peru (34.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin 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 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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