Colombia: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

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

The Colombian market for polyester tow and staple, not carded, combed or otherwise processed for spinning contracted to $X in 2022, falling by -11.5% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.1% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Colombia

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Colombia

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -2.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Colombia, accounting for a 96% share of total exports. It was followed by Venezuela (X tons), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-13.1% per year) and Peru (-7.8% per year).

In value terms, Brazil ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Colombia, comprising 94% of total exports. The second position in the ranking was held by Venezuela ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-14.4% per year) and Peru (-5.9% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Colombia

In 2022, purchases abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -32.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank dramatically to $X in 2022. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Colombia, with a combined 76% share of total imports. India, Thailand, Vietnam, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Colombia were China ($X), South Korea ($X) and Indonesia ($X), together accounting for 80% of total imports. India, Thailand, Vietnam, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 18%.

Vietnam, with a CAGR of +8.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, picking up by 9.7% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The growth pace was the most rapid in 2018 an increase of 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for Thailand ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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