Colombia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Colombia

The Colombian primary fiber crops market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Primary Fiber Crops Production in Colombia

In value terms, primary fiber crops production contracted markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Primary fiber crops production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Primary Fiber Crops Exports

Exports from Colombia

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports contracted notably to $X in 2022. Over the period under review, exports saw a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for primary fiber crops exports from Colombia, with a X% share of total exports. Moreover, primary fiber crops exports to Spain exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and El Salvador (X% per year).

In value terms, Spain ($X) remains the key foreign market for fiber crops (primary) exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by El Salvador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Ecuador ($X 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 El Salvador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Primary Fiber Crops Imports

Imports into Colombia

In 2022, the amount of fiber crops (primary) imported into Colombia dropped to X tons, which is down by X% against the previous year's figure. In general, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, primary fiber crops imports soared to $X in 2022. Overall, imports showed a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of primary fiber crops to Colombia, accounting for a X% share of total imports. Moreover, primary fiber crops imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of fiber crops (primary) to Colombia, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average primary fiber crops import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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