Colombia: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Colombia

In 2021, after six years of growth, there was significant decline in the Colombian market for braids in the piece, tassels and pompons, ornamental trimmings, when its value decreased by -X% to $X. Over the period under review, consumption posted a resilient expansion. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Colombia

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings shrank to $X in 2021 estimated in export price. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Colombia

In 2021, overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a mild decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings shrank to $X in 2021. Overall, exports continue to indicate temperate growth. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for exports of braids in the piece, tassels and pompons, ornamental trimmings from Colombia, with a X% share of total exports. Moreover, exports of braids in the piece, tassels and pompons, ornamental trimmings to Ecuador exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold. The United States (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-X% per year) and the United States (+X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for braids, tassels, pompons and ornamental trimmings exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Panama (-X% per year).

Export Prices by Country

In 2021, the average export price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price, however, recorded a perceptible increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Colombia

In 2021, supplies from abroad of braids in the piece, tassels and pompons, ornamental trimmings was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings skyrocketed to $X in 2021. In general, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of braids in piece, tassels and pompons, ornamental trimmings hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of braids, tassels, pompons and ornamental trimmings to Colombia, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to Colombia.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

The average import price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Platform