Colombia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Colombia

After two years of decline, the Colombian high-tenacity filament polyester yarn market increased by 93% to $X in 2021. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Colombia

High-tenacity filament polyester yarn exports from Colombia soared to X tons in 2021, increasing by 62% compared with the previous year. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 164%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 251%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Ecuador (X tons) was the main destination for high-tenacity filament polyester yarn exports from Colombia, with a 52% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador stood at +375.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+29.9% per year) and Mexico (+45.6% per year).

In value terms, Ecuador ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Colombia, comprising 71% of total exports. The second position in the ranking was held by Peru ($X), with a 12% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +171.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+27.4% per year) and Mexico (+48.3% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, increasing by 5.8% against the previous year. Overall, the export price showed a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 63% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Peru ($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 Panama (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Colombia

In 2021, purchases abroad of high-tenacity filament yarn of polyesters was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Colombia, with a 84% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and Japan (+20.9% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Colombia, comprising 75% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of total imports. It was followed by Japan, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Japan (+19.1% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, rising by 5.3% against the previous year. Overall, the import price, however, saw a noticeable downturn. The growth pace was the most rapid in 2018 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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