Colombia - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSynthetic Yarn Price in Colombia - 2022
Contents:
- Synthetic Yarn Price in Colombia (CIF) - 2022
- Synthetic Yarn Price in Colombia (FOB) - 2022
- Synthetic Yarn Imports in Colombia
- Synthetic Yarn Exports in Colombia
Synthetic Yarn Price in Colombia (CIF) - 2022
In February 2022, the average synthetic yarn import price amounted to $3,652 per ton, remaining stable against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.8%. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 15% m-o-m. Over the period under review, average import prices reached the maximum in February 2022.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was India ($5,216 per ton), while the price for Indonesia ($3,475 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 India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Yarn Price in Colombia (FOB) - 2022
The average synthetic yarn export price stood at $7,278 per ton in 2022, declining by -3% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic yarn export price increased by +115.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, the average export prices hit record highs at $7,504 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($12,279 per ton), while the average price for exports to Costa Rica ($5,147 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 Peru (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.
Synthetic Yarn Imports in Colombia
In 2022, after three years of growth, there was significant decline in overseas purchases of yarn of synthetic or artificial staple fibers, when their volume decreased by -12.6% to 51K tons. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of 59K tons, and then declined in the following year.
In value terms, synthetic yarn imports shrank rapidly to $127M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of $161M, and then reduced markedly in the following year.
| Import of Synthetic Yarn in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 28.1 | 28.9 | 39.7 | 32.0 | 4.4% |
| Thailand | 19.5 | 18.5 | 38.3 | 30.7 | 16.3% |
| Indonesia | 11.7 | 12.5 | 29.1 | 23.8 | 26.7% |
| India | 15.8 | 18.6 | 30.8 | 21.4 | 10.6% |
| China | 11.4 | 8.3 | 12.4 | 10.4 | -3.0% |
| Singapore | 0.6 | 1.3 | 2.8 | 2.3 | 56.5% |
| Others | 8.4 | 5.7 | 7.9 | 6.8 | -6.8% |
| Total | 95.5 | 93.8 | 161 | 127 | 10.0% |
Top Suppliers of Synthetic Yarn to Colombia in 2022:
- Vietnam (13.3K tons)
- Thailand (13.1K tons)
- Indonesia (10.0K tons)
- India (8.4K tons)
- China (4.2K tons)
- Singapore (1.1K tons)
Synthetic Yarn Exports in Colombia
In 2022, shipments abroad of yarn of synthetic or artificial staple fibers decreased by -6.3% to 37 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 40 tons, and then dropped in the following year.
In value terms, synthetic yarn exports reduced to $272K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year.
| Export of Synthetic Yarn in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 28.8 | 121 | 21.0 | 107 | 54.9% |
| Ecuador | 105 | 38.0 | 89.9 | 76.3 | -10.1% |
| Peru | 16.1 | 32.7 | 39.0 | 32.9 | 26.9% |
| Costa Rica | 4.0 | 22.3 | 73.7 | 31.1 | 98.1% |
| Venezuela | 7.2 | 7.5 | 31.5 | 13.4 | 23.0% |
| Others | 8.6 | 22.9 | 44.4 | 11.8 | 11.1% |
| Total | 169 | 245 | 299 | 272 | 17.2% |
Top Export Markets for Synthetic Yarn from Colombia in 2022:
- Brazil (19.4 tons)
- Ecuador (6.2 tons)
- Costa Rica (6.0 tons)
- Peru (3.1 tons)
- Venezuela (2.1 tons)
This report provides an in-depth analysis of the synthetic yarn 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 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the synthetic yarn market in Colombia.
1270
This report provides an in-depth analysis of the global synthetic yarn market.
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This report provides an in-depth analysis of the synthetic yarn market in Colombia.
1270
This report provides an in-depth analysis of the global synthetic yarn market.
77
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
690
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1141
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1415
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
837
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
77
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
690
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1141
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1415
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
837
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
