Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia - 2022

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia (CIF) - 2022

The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,479 per ton in February 2022, growing by 2.4% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +4.1%. The growth pace was the most rapid in May 2021 when the average import price increased by 32% against the previous month. Over the period under review, average import prices attained the maximum at $3,828 per ton in June 2021; however, from July 2021 to February 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the countries with the highest prices were Peru ($3,569 per ton) and Turkey ($3,465 per ton), while the price for Thailand ($3,361 per ton) and Mexico ($3,462 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,657 per ton in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($3,728 per ton), while the average price for exports to Venezuela ($2,864 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 Ecuador (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia

Imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into Colombia stood at 846 tons in 2022, growing by 6.3% compared with 2021 figures. Overall, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 132%.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $2.7M in 2022. Over the period under review, imports showed a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by 177%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Colombia in 2022:

1. Peru (581.4 tons)
2. Mexico (121.9 tons)
3. Thailand (70.7 tons)
4. Turkey (35.2 tons)
5. Spain (13.3 tons)
6. United States (5.3 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Colombia

In 2022, approx. 2.3 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were exported from Colombia; increasing by 2.6% compared with the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $8.5K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Colombia in 2022:

1. Peru (1632.0 kg)
2. Venezuela (668.0 kg)

Source: IndexBox Market Intelligence Platform