Colombia: Market for Chamois, Patent and Combination Leather 2024

Market Size for Chamois, Patent and Combination Leather in Colombia

The Colombian market for chamois, patent and combination leather declined to $X in 2022, dropping by -7% against the previous year. Over the period under review, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Chamois, Patent and Combination Leather in Colombia

In value terms, chamois, patent and combination leather production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of 68%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Chamois, Patent and Combination Leather

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of chamois, patent and combination leather, when their volume decreased by -22.9% to X square meters. Over the period under review, exports showed a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chamois, patent and combination leather exports contracted notably to $X in 2022. Overall, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X square meters), China (X square meters) and the United States (X square meters) were the main destinations of chamois, patent and combination leather exports from Colombia, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +47.6%), while the other leaders experienced a decline.

In value terms, the largest markets for chamois, patent and combination leather exported from Colombia were Tunisia ($X), China ($X) and the United States ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +20.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for chamois, patent and combination leather amounted to $X per square meter, picking up by 5.5% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2014 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Tunisia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Chamois, Patent and Combination Leather

Imports into Colombia

In 2022, the amount of chamois, patent and combination leather imported into Colombia contracted to X square meters, shrinking by -9.2% compared with the previous year. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 187%. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, chamois, patent and combination leather imports shrank to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by 208%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X square meters) constituted the largest supplier of chamois, patent and combination leather to Colombia, accounting for a 35% share of total imports. Moreover, chamois, patent and combination leather imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X square meters), fourfold. South Korea (X square meters) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.0% per year) and South Korea (-2.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of chamois, patent and combination leather to Colombia, comprising 35% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.9% per year) and the United States (-15.9% per year).

Import Prices by Country

In 2022, the average import price for chamois, patent and combination leather amounted to $X per square meter, picking up by 3.8% against the previous year. Overall, the import price showed a mild increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 71% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+88.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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