Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia - 2022

Contents:

  1. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (CIF) - 2022
  2. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (FOB) - 2022
  3. Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia
  4. Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (CIF) - 2022

The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $18 per unit in 2022, rising by 22% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for track suits; of synthetic fibres, knitted or crocheteds increased by +64.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25%. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($22 per unit) and Cambodia ($20 per unit), while the price for China ($15 per unit) and Vietnam ($16 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (FOB) - 2022

In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $19 per unit, surging by 22% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2013 an increase of 37%. Over the period under review, the average export prices reached the maximum at $22 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($29 per unit), while the average price for exports to Costa Rica ($6.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia

Imports of track suits; of synthetic fibres, knitted or crocheteds into Colombia skyrocketed to 126K units in 2022, with an increase of 105% against 2021. Over the period under review, imports, however, recorded a abrupt downturn. Imports peaked at 182K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $2.3M in 2022. Overall, imports recorded pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cambodia5731273011,01421.0%
Vietnam24215718960735.9%
China12615510122321.0%
Thailand92.361.013317824.5%
Bangladesh37021035.6135-28.5%
Indonesia25652.114698.4-27.3%
Netherlands164N/AN/AN/A0%
Others19228.512.446.7-37.6%
Total2,0167919182,3034.5%

Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Colombia in 2022:

  1. Cambodia (50.9K units)
  2. Vietnam (37.2K units)
  3. China (14.4K units)
  4. Thailand (8.1K units)
  5. Bangladesh (6.9K units)
  6. Indonesia (5.9K units)

Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia

In 2022, approx. 10K units of track suits; of synthetic fibres, knitted or crocheteds were exported from Colombia; reducing by -33.4% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of 15K units, and then contracted significantly in the following year.

In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds dropped notably to $197K in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $242K, and then dropped significantly in the following year.

Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States177134166138-8.0%
PeruN/A0.735.830.9564.4%
Costa Rica3.86.210.09.636.2%
HondurasN/AN/AN/A7.90%
ChileN/A3.73.64.915.1%
Dominican Republic1.10.2N/A1.715.6%
EcuadorN/AN/A10.31.1-89.3%
PanamaN/A0.45.6N/A1300.0%
Others1.528.410.42.518.6%
Total1841732421972.3%

Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Colombia in 2022:

  1. United States (4.7K units)
  2. Peru (3.1K units)
  3. Costa Rica (1.5K units)
  4. Honduras (0.3K units)
  5. Chile (0.2K units)
  6. Dominican Republic (0.2K units)
  7. Ecuador (0.1K units)

Source: IndexBox Market Intelligence Platform

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