Colombia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Colombia

In 2022, the Colombian high-tenacity filament polyester yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. High-tenacity filament polyester yarn consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Colombia

After four years of growth, shipments abroad of high-tenacity filament yarn of polyesters decreased by X% to X tons in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, high-tenacity filament polyester yarn exports declined remarkably to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Brazil (X tons) was the main destination for high-tenacity filament polyester yarn exports from Colombia, accounting for a X% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Brazil exceeded the volume sent to the second major destination, Ecuador (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Panama (X% per year).

In value terms, Brazil ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the average high-tenacity filament polyester yarn export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Panama ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Colombia

High-tenacity filament polyester yarn imports into Colombia dropped modestly to X tons in 2022, approximately equating the previous year's figure. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) was the main high-tenacity filament polyester yarn supplier to Colombia, with a X% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Colombia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a pronounced reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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