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Colombia - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Woolen Yarn Market Overview 2021

Woolen Yarn Market Size in Colombia

The Colombian woolen yarn market declined rapidly to $X in 2020, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Woolen Yarn Exports

Exports from Colombia

In 2020, approx. X kg of yarn of wool were exported from Colombia; waning by -X% compared with the previous year. Over the period under review, exports, however, posted a tangible increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, woolen yarn exports contracted rapidly to $X in 2020. Overall, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2014 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for woolen yarn exports from Colombia, accounting for a X% share of total exports. Moreover, woolen yarn exports to Costa Rica exceeded the volume sent to the second major destination, Guatemala (X kg), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Costa Rica stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Ecuador (+X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for woolen yarn exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Costa Rica stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Ecuador (+X% per year).

Export Prices by Country

In 2020, the average woolen yarn export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price faced a dramatic decrease. The growth pace was the most rapid in 2016 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Costa Rica ($X per tonne), while the average price for exports to Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced a decline.

Woolen Yarn Imports

Imports into Colombia

Woolen yarn imports into Colombia plummeted to X tonnes in 2020, dropping by -X% compared with the previous year's figure. Overall, imports faced a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports reduced dramatically to $X in 2020. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Peru (X tonnes) and Germany (X kg) were the main suppliers of woolen yarn imports to Colombia, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Peru ($X) and Germany ($X) were the largest woolen yarn suppliers to Colombia, together accounting for X% of total imports.

In terms of the main suppliers, Germany recorded 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 woolen yarn import price stood at $X per tonne in 2020, surging by X% against the previous year. In general, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, woolen yarn import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?
+
China (281K tonnes) constituted the country with the largest volume of woolen yarn consumption, accounting for 32% of total volume. Moreover, woolen yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (51K tonnes), fivefold. The third position in this ranking was occupied by Indonesia (47K tonnes), with a 5.3% share.
What are the largest producers of yarn of wool in the world?
+
The country with the largest volume of woolen yarn production was China (303K tonnes), comprising approx. 34% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India (57K tonnes), fivefold. Italy (50K tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of yarn of wool to Colombia?
+
In value terms, the largest woolen yarn suppliers to Colombia were China ($45K), Peru ($33K) and Germany ($11K), with a combined 75% share of total imports.
What are the leading importers of yarn of wool from Colombia?
+
In value terms, Costa Rica ($350) remains the key foreign market for woolen yarn exports from Colombia, comprising 81% of total exports. The second position in the ranking was occupied by Guatemala ($49), with a 11% share of total exports.
What is the average export price for yarn of wool in Colombia?
+
In 2020, the average woolen yarn export price amounted to $1,363 per tonne, with a decrease of -18.7% against the previous year.
What is the average import price for yarn of wool in Colombia?
+
The average woolen yarn import price stood at $27,547 per tonne in 2020, rising by 8.1% against the previous year.

Product coverage:
• Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
• Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
• Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

This report provides an in-depth analysis of the woolen yarn market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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