Colombia: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Colombia

In 2021, the Colombian non-woven glass fibre articles market was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Colombia

In value terms, non-woven glass fibre articles production expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Colombia

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported from Colombia surged to X tons, rising by 53% on 2020. Over the period under review, exports, however, recorded a slight downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Mexico (X tons) and Peru (X tons) were the main destinations of non-woven glass fibre articles exports from Colombia, together accounting for 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +44.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Colombia, comprising 40% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Peru, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+41.6% per year) and Peru (+1.5% per year).

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, picking up by 5.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 9%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per ton), while the average price for exports to Chile ($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 Argentina (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Colombia

In 2021, overseas purchases of non-woven glass fibre webs, felts, mattresses and boards decreased by -33.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 101% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports reduced notably to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 110%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of non-woven glass fibre articles imports to Colombia, with a combined 91% share of total imports. These countries were followed by Brazil and Turkey, which together accounted for a further 7.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +679.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Colombia, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Brazil, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.5% per year) and Brazil (+20.2% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, picking up by 28% against the previous year. Overall, the import price posted a modest increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 43%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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