Colombia: Cotton Bag Market 2025

Cotton Bag Market Size in Colombia

The Colombian cotton bag market contracted to $X in 2021, with a decrease of -10.9% against the previous year. Overall, consumption, however, showed buoyant growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Cotton Bag Production in Colombia

In value terms, cotton bag production reduced to $X in 2021 estimated in export price. Overall, production, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Cotton Bag Exports

Exports from Colombia

In 2021, shipments abroad of sacks and bags of cotton increased by 975% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag exports surged to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for cotton bag exports from Colombia, accounting for a 71% share of total exports. Moreover, cotton bag exports to the United States exceeded the volume sent to the second major destination, Aruba (X kg), more than tenfold. Panama (X kg) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +105.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+71.7% per year) and Panama (-14.1% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags of cotton exports from Colombia, comprising 81% of total exports. The second position in the ranking was held by Panama ($X), with a 4.2% share of total exports. It was followed by Thailand, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +123.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+32.9% per year) and Thailand (+36.4% per year).

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2021, reducing by -11.5% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 (+54.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Bag Imports

Imports into Colombia

Cotton bag imports into Colombia reduced to X tons in 2021, shrinking by -8.6% against 2020 figures. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 430%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cotton bag imports contracted markedly to $X in 2021. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 339%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cotton bag to Colombia, accounting for a 51% share of total imports. Moreover, cotton bag imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The third position in this ranking was held by the United States (X kg), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.3% per year) and the United States (-1.7% per year).

In value terms, the largest cotton bag suppliers to Colombia were China ($X), Italy ($X) and France ($X), with a combined 80% share of total imports.

Among the main suppliers, Italy, with a CAGR of +245.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2021, falling by -15.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 106%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+193.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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