Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia (CIF) - 2024
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia (FOB) - 2024
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia (CIF) - 2024

In February 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.5 per square meter, declining by -10.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 44% m-o-m. As a result, import price attained the peak level of $4.1 per square meter. From October 2023 to February 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Mexico ($4.7 per square meter), while the price for Vietnam ($1.9 per square meter) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia (FOB) - 2024

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $2.7 per square meter in February 2024, with a decrease of -1.9% against the previous month. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in April 2023 an increase of 8.3% month-to-month. The export price peaked at $3.7 per square meter in February 2023; however, from March 2023 to February 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($4.1 per square meter), while the average price for exports to Mexico ($2.2 per square meter) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia

In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses imported into Colombia rose rapidly to 21M square meters, with an increase of 13% against the previous year's figure. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 52%. As a result, imports attained the peak of 22M square meters. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses soared to $7.4M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Colombia in 2022:

1. China (12.0M square meters)
2. Ecuador (2.8M square meters)
3. India (2.6M square meters)
4. United States (1.0M square meters)
5. Vietnam (0.9M square meters)
6. South Korea (0.8M square meters)
7. Brazil (0.5M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Colombia

In 2022, approx. 12M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were exported from Colombia; which is down by -19.7% on the year before. Overall, exports faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 95% against the previous year. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure at 21M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses fell remarkably to $4.9M in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 137% against the previous year. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses attained the maximum at $7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Colombia in 2022:

1. Mexico (5.5M square meters)
2. United States (3.4M square meters)
3. Ecuador (1.0M square meters)
4. Dominican Republic (0.5M square meters)
5. Panama (0.4M square meters)
6. Honduras (0.3M square meters)
7. Costa Rica (0.3M square meters)
8. Guatemala (0.3M square meters)
9. Peru (0.3M square meters)
10. Argentina (0.3M square meters)
11. Brazil (0.1M square meters)

Source: IndexBox Market Intelligence Platform