Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia - 2024

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $2,191 per ton, surging by 14% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $5,062 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,495 per ton), while the price for Italy ($2,157 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $2,159 per ton, growing by 5.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices attained the peak figure at $2,301 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($3,659 per ton), while the average price for exports to Costa Rica ($2,006 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 Cuba (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia

In 2022, purchases abroad of yarn of other vegetable textile fibres; paper yarns decreased by -13.2% to 358 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 166% against the previous year. As a result, imports reached the peak of 413 tons, and then contracted in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns reduced modestly to $785K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 148%. As a result, imports attained the peak of $791K, leveling off in the following year.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Colombia in 2022:

1. Italy (333.3 tons)
2. Spain (20.4 tons)
3. United States (1.5 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Colombia

For the fourth consecutive year, Colombia recorded growth in overseas shipments of yarn of other vegetable textile fibres; paper yarns, which increased by 3.9% to 222 tons in 2022. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 5.1%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns expanded sharply to $480K in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Colombia in 2022:

1. Mexico (191.4 tons)
2. Costa Rica (12.2 tons)
3. Uruguay (5.0 tons)
4. Ecuador (5.0 tons)
5. Dominican Republic (3.6 tons)

Source: IndexBox Market Intelligence Platform