Colombia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Colombia

The Colombian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021, rising by 60% 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, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +173.5% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Colombia

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from Colombia; with an increase of 53% compared with 2020 figures. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 393% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 86% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Ecuador (X tons), Chile (X tons) and Mexico (X kg) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Colombia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +153.7%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Chile ($X) and the United States ($X) were the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Colombia worldwide, with a combined 95% share of total exports.

Chile, with a CAGR of +75.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, which is down by -16.2% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 202%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: 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 Uruguay (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Colombia

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Colombia skyrocketed to X tons, surging by 43% compared with the year before. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume 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, imports increased by +167.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +175.5% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 66% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Colombia, with a 67% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.6% per year) and Taiwan (Chinese) (-22.4% per year).

In value terms, China ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Colombia, comprising 69% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Malaysia, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.7% per year) and Malaysia (0.0% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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