Price for Textiles; Worn Clothing and Other Worn Articles in Colombia - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Colombia (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Colombia (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Colombia
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Colombia

Price for Textiles; Worn Clothing and Other Worn Articles in Colombia (CIF) - 2022

The average import price for textiles; worn clothing and other worn articleses stood at $1,949 per ton in 2022, waning by -18.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. As a result, import price reached the peak level of $2,381 per ton, and then contracted dramatically 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 the United States ($2,060 per ton), while the price for Germany ($452 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.4%), while the prices for the other major suppliers experienced a decline.

Price for Textiles; Worn Clothing and Other Worn Articles in Colombia (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $2,508 per ton, shrinking by -55.8% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $5,678 per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($13,944 per ton), while the average price for exports to Benin ($299 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 Canada (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Colombia

In 2022, approx. 1K tons of textiles; worn clothing and other worn articleses were imported into Colombia; surging by 31% against 2021. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of textiles; worn clothing and other worn articleses expanded significantly to $2M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 304% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Colombia in 2022:

1. United States (642.3 tons)
2. Spain (244.5 tons)
3. Canada (66.6 tons)
4. Germany (16.9 tons)
5. Aruba (5.6 tons)
6. Italy (1.9 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Colombia

In 2022, shipments abroad of textiles; worn clothing and other worn articleses was finally on the rise to reach 101 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of textiles; worn clothing and other worn articleses reached $253K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +47.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Colombia in 2022:

1. Benin (57.9 tons)
2. Portugal (8.6 tons)
3. Kenya (6.5 tons)
4. United Kingdom (6.1 tons)
5. South Korea (6.1 tons)
6. Chile (4.1 tons)
7. Italy (3.3 tons)
8. Thailand (1.0 tons)
9. Panama (0.7 tons)
10. Sweden (0.4 tons)
11. Guatemala (0.4 tons)

Source: IndexBox Market Intelligence Platform