Colombia: Twine And Cordage Market 2024

Twine And Cordage Market Size in Colombia

The Colombian twine and cordage market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption, however, showed a prominent increase. Twine and cordage consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Twine And Cordage Production in Colombia

In value terms, twine and cordage production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Twine and cordage production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from Colombia

In 2022, after two years of growth, there was decline in overseas shipments of twine, cordage, rope and cables, when their volume decreased by X% to X tons. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, twine and cordage exports expanded modestly to $X in 2022. In general, total exports indicated a modest 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for twine and cordage exports from Colombia, with a X% share of total exports. Moreover, twine and cordage exports to Mexico exceeded the volume sent to the second major destination, Ecuador (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an X% share.

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

In value terms, Mexico ($X), the United States ($X) and Ecuador ($X) were the largest markets for twine and cordage exported from Colombia worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Twine And Cordage Imports

Imports into Colombia

In 2022, approx. X tons of twine, cordage, rope and cables were imported into Colombia; growing by X% compared with 2021 figures. Over the period under review, imports posted a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, twine and cordage imports skyrocketed to $X in 2022. In general, total imports indicated mild growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Free Zones (X tons) and the United States (X tons) were the main suppliers of twine and cordage imports to Colombia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine and cordage suppliers to Colombia were China ($X), Free Zones ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, Free Zones, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 South Korea ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :