Report Update: May 7, 2024

Colombia - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Knitted Fabric Price in Colombia - 2022

Knitted Fabric Price in Colombia (CIF) - 2022

The average knitted fabric import price stood at $4,995 per ton in February 2022, waning by -5.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in July 2021 when the average import price increased by 15% against the previous month. The import price peaked at $5,265 per ton in January 2022, and then declined in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($10,095 per ton), while the price for China totaled $4,514 per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.1%).

Knitted Fabric Price in Colombia (FOB) - 2022

In February 2022, the average knitted fabric export price amounted to $10,183 per ton, which is down by -7.1% against the previous month. In general, export price indicated a pronounced expansion from February 2021 to February 2022: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, knitted fabric export price decreased by -9.4% against November 2021 indices. The pace of growth appeared the most rapid in October 2021 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices reached the maximum at $11,240 per ton in November 2021; however, from December 2021 to February 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In February 2022, the country with the highest price was Ecuador ($10,893 per ton), while the average price for exports to Chile ($6,259 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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports in Colombia

In 2022, approx. 56K tons of knitted or crocheted fabrics were imported into Colombia; surging by 34% compared with 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +80.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, knitted fabric imports skyrocketed to $285M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Knitted Fabric in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	105	94.6	132	199	23.8%
Peru	27.6	23.0	34.0	49.6	21.6%
Others	24.5	16.1	24.2	36.4	14.1%
Total	157	134	190	285	22.0%

Top Suppliers of Knitted Fabric to Colombia in 2022:

China (47.9K tons)
Peru (4.8K tons)

Knitted Fabric Exports in Colombia

In 2022, the amount of knitted or crocheted fabrics exported from Colombia rose modestly to 7.9K tons, picking up by 2.3% compared with the previous year's figure. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, knitted fabric exports expanded rapidly to $67M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Knitted Fabric in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	30.6	22.0	40.8	39.9	9.2%
Mexico	18.5	8.9	11.7	13.5	-10.0%
Peru	2.6	1.6	2.7	4.3	18.3%
Costa Rica	2.1	1.8	2.2	2.5	6.0%
Chile	0.6	1.0	2.0	1.8	44.2%
Guatemala	1.0	0.7	1.0	1.3	9.1%
Others	3.2	2.3	2.8	3.9	6.8%
Total	58.5	38.4	63.2	67.2	4.7%

Top Export Markets for Knitted Fabric from Colombia in 2022:

Ecuador (4.6K tons)
Mexico (1.8K tons)
Peru (0.5K tons)
Costa Rica (0.3K tons)
Chile (0.2K tons)
Guatemala (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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