Colombia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Colombia

The Colombian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021, jumping by 66% 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, consumption saw a strong expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Colombia

Exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Colombia skyrocketed to X tons in 2021, rising by 57% on 2020 figures. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 261%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 230%. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Colombia, with a 56% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Mexico exceeded the volume sent to the second major destination, Peru (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled +12,987.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-8.5% per year) and Ecuador (-4.8% per year).

In value terms, Mexico ($X) emerged as the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Colombia, comprising 57% of total exports. The second position in the ranking was taken by Peru ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +12,834.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-12.5% per year) and Ecuador (-9.7% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 29% against the previous year. In general, the export price, however, saw a pronounced contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Peru ($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 Mexico (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Colombia

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 48% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports saw tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Colombia, accounting for a 72% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from the United States exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Mexico (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+106.3% per year) and Mexico (+28.6% per year).

In value terms, the United States ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Colombia, comprising 82% of total imports. The second position in the ranking was taken by Portugal ($X), with a 10% share of total imports. It was followed by Mexico, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+96.1% per year) and Mexico (+21.6% per year).

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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