Price for Cotton; Yarn Waste (Including Thread Waste) in Colombia - 2022

Price for Cotton; Yarn Waste (Including Thread Waste) in Colombia (CIF) - 2022

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $556 per ton, remaining constant against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum at $1,610 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +73.8% per year.

Price for Cotton; Yarn Waste (Including Thread Waste) in Colombia (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $788 per ton in 2021, with an increase of 9.9% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The export price peaked at $1,400 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2015 to 2021, the rate of growth in terms of prices for Guatemala amounted to +10.1% per year.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Colombia

In 2022, purchases abroad of cotton; yarn waste (including thread waste) decreased by -54.7% to 7.5 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp curtailment. The growth pace was the most rapid in 2020 when imports increased by 484% against the previous year. As a result, imports attained the peak of 127 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cotton; yarn waste (including thread waste) dropped notably to $4.2K in 2022. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 501% against the previous year. As a result, imports attained the peak of $85K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cotton; Yarn Waste (Including Thread Waste) in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	N/A	N/A	N/A	4.2	0%
Pakistan	11.1	62.9	7.5	N/A	-17.8%
United States	0.6	7.3	0.1	N/A	-59.2%
Others	2.5	15.2	1.6	N/A	-20.0%
Total	14.2	85.4	9.2	4.2	-33.4%

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Colombia in 2022:

Ecuador (7.5 tons)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Colombia

In 2021, approx. 99 tons of cotton; yarn waste (including thread waste) were exported from Colombia; falling by -11.3% against the previous year. Over the period under review, exports recorded a abrupt decrease.

In value terms, exports of cotton; yarn waste (including thread waste) shrank modestly to $78K in 2021. In general, exports continue to indicate a pronounced shrinkage.