Colombia: Knitted Fabric Market 2024

Knitted Fabric Market Size in Colombia

The Colombian knitted fabric market surged to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in Colombia

In value terms, knitted fabric production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Knitted fabric production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Knitted Fabric Exports

Exports from Colombia

In 2022, shipments abroad of knitted or crocheted fabrics increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, knitted fabric exports expanded markedly to $X in 2022. Overall, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for knitted fabric exports from Colombia, with a X% share of total exports. Moreover, knitted fabric exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Peru (X tons), with a X% share.

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

In value terms, Ecuador ($X) remains the key foreign market for knitted or crocheted fabrics exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average knitted fabric export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Chile ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into Colombia

In 2022, overseas purchases of knitted or crocheted fabrics increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, knitted fabric imports skyrocketed to $X in 2022. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest knitted fabric supplier to Colombia, with a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Colombia, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average knitted fabric import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Peru ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%).

Source: IndexBox Platform

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