Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia - 2024
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (CIF) - 2024
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (CIF) - 2024
The average import price for cotton yarn (other than sewing thread), put up for retail sale stood at $49,394 per ton in February 2024, growing by 95% against the previous month. Overall, the import price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in December 2023 when the average import price increased by 2,117% against the previous month. As a result, import price attained the peak level of $58,182 per ton. From January 2024 to February 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($90,808 per ton), while the price for China ($7,358 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (FOB) - 2022
In 2022, the average export price for cotton yarn (other than sewing thread), put up for retail sale amounted to $68,120 per ton, with an increase of 167% against the previous year. In general, the export price enjoyed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($149,134 per ton), while the average price for exports to Panama ($44,443 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 Panama (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia
In 2022, the amount of cotton yarn (other than sewing thread), put up for retail sale imported into Colombia contracted to 59 tons, waning by -14.8% against the previous year's figure. Overall, imports, however, recorded noticeable growth. The pace of growth appeared the most rapid in 2021 with an increase of 185% against the previous year. As a result, imports attained the peak of 69 tons, and then dropped in the following year.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale contracted to $1.2M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of $1.3M, and then contracted in the following year.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 261 | 204 | 417 | 305 | 5.3% |
| Peru | 166 | 209 | 255 | 295 | 21.1% |
| India | 117 | 25.7 | 84.5 | 206 | 20.8% |
| France | 385 | 395 | 443 | 147 | -27.5% |
| Mexico | 7.8 | 61.2 | 46.0 | 93.3 | 128.7% |
| China | 13.9 | 55.4 | 50.8 | 82.3 | 80.9% |
| Turkey | 11.5 | 17.1 | 48.4 | 28.5 | 35.3% |
| Others | 9.2 | 3.2 | 2.0 | 0.7 | -57.6% |
| Total | 972 | 972 | 1,346 | 1,159 | 6.0% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Colombia in 2022:
- India (14.8 tons)
- Brazil (14.7 tons)
- China (12.4 tons)
- Peru (9.5 tons)
- Mexico (3.8 tons)
- France (1.8 tons)
- Turkey (1.5 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia
For the third consecutive year, Colombia recorded decline in overseas shipments of cotton yarn (other than sewing thread), put up for retail sale, which decreased by -68.8% to 2.8 tons in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -7.6% was in 2021.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale declined dramatically to $188K in 2022. Overall, exports faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 176 | 101 | 74.3 | 85.6 | -21.4% |
| Costa Rica | 37.3 | 34.0 | 78.1 | 74.1 | 25.7% |
| Ecuador | 8.9 | 4.0 | 8.9 | 22.4 | 36.0% |
| Guatemala | 174 | 9.5 | 26.6 | N/A | -60.9% |
| Others | 20.2 | 2.4 | 37.5 | 5.8 | -34.0% |
| Total | 417 | 151 | 225 | 188 | -23.3% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Colombia in 2022:
- Panama (1925.0 kg)
- Costa Rica (497.0 kg)
- Ecuador (312.0 kg)
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