Colombia: Market for Bed Linen Of Cotton 2024

Market Size for Bed Linen Of Cotton in Colombia

The Colombian bed linen of cotton market dropped to $X in 2022, waning by -9.2% 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). Overall, consumption recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Bed Linen Of Cotton

Exports from Colombia

Bed linen of cotton exports from Colombia dropped dramatically to X tons in 2022, shrinking by -81% against 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 257% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bed linen of cotton exports dropped notably to $X in 2022. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 135%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Bolivia (X tons) and the UK (X tons) were the main destinations of bed linen of cotton exports from Colombia, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +116.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for bed linen of cotton exports from Colombia, comprising 57% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 18% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+131.5% per year) and the UK (+45.3% per year).

Export Prices by Country

In 2022, the average bed linen of cotton export price amounted to $X per ton, rising by 6.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 25%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($X 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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Cotton

Imports into Colombia

In 2022, approx. X tons of bed linen of cotton were imported into Colombia; which is down by -29.2% compared with 2021. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bed linen of cotton imports contracted to $X in 2022. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest bed linen of cotton supplier to Colombia, with a 59% share of total imports. Moreover, bed linen of cotton imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.9% per year) and Spain (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of bed linen of cotton to Colombia, comprising 46% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.2% per year) and India (+4.1% per year).

Import Prices by Country

The average bed linen of cotton import price stood at $X per ton in 2022, with an increase of 27% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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