Colombia: Flax Fabric Market 2024

Flax Fabric Market Size in Colombia

After ten years of growth, the Colombian flax fabric market decreased by X% to $X in 2022. Overall, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Flax Fabric Production in Colombia

In value terms, flax fabric production surged to $X in 2022 estimated in export price. In general, production saw a deep downturn. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Flax Fabric Exports

Exports from Colombia

After ten years of growth, shipments abroad of woven fabrics of flax decreased by X% to X square meters in 2022. Overall, exports, however, saw significant growth. 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 square meters, and then shrank notably in the following year.

In value terms, flax fabric exports declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

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

From 2020 to 2022, the average annual growth rate of volume to Ecuador stood at 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, the largest markets for flax fabric exported from Colombia were Mexico ($X), Ecuador ($X) and Peru ($X), with a combined X% share of total exports.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to 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 flax fabric export price stood at $X per square meter in 2022, with a decrease of X% against the previous year. Over the last two years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per square meter), while the average price for exports to Peru ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Fabric Imports

Imports into Colombia

In 2022, after ten years of growth, there was significant decline in overseas purchases of woven fabrics of flax, when their volume decreased by X% to X square meters. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X square meters, and then shrank in the following year.

In value terms, flax fabric imports dropped to $X in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 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, China (X square meters) constituted the largest flax fabric supplier to Colombia, accounting for a X% share of total imports. Moreover, flax fabric imports from China exceeded the figures recorded by the second-largest supplier, Poland (X square meters), more than tenfold. The third position in this ranking was held by India (X square meters), with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Colombia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2020 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average flax fabric import price amounted to $X per square meter, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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