Colombia: Sisal Binder Market 2025

Sisal Binder Market Size in Colombia

The Colombian sisal binder market rose notably to $X in 2022, picking up by 7% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sisal Binder Production in Colombia

In value terms, sisal binder production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sisal Binder Exports

Exports from Colombia

In 2022, overseas shipments of sisal binder or baler (agricultural) twines increased by 13% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 44%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sisal binder exports rose markedly to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for sisal binder exports from Colombia, accounting for a 74% share of total exports. Moreover, sisal binder exports to Mexico exceeded the volume sent to the second major destination, Costa Rica (X kg), fivefold. The third position in this ranking was taken by Ecuador (X kg), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+30.7% per year) and Ecuador (-38.8% per year).

In value terms, Mexico ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Colombia, comprising 67% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 19% share of total exports. It was followed by Ecuador, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+9.2% per year) and Ecuador (-35.8% per year).

Export Prices by Country

In 2022, the average sisal binder export price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2017 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Peru ($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 the Dominican Republic (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Colombia

After three years of decline, purchases abroad of sisal binder or baler (agricultural) twines increased by 85% to X tons in 2022. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 448% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sisal binder imports soared to $X in 2022. Overall, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 542%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sisal binder to Colombia, with a 50% share of total imports. Moreover, sisal binder imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.1% per year) and China (+17.3% per year).

In value terms, Brazil ($X), Spain ($X) and the United States ($X) appeared to be the largest sisal binder suppliers to Colombia, with a combined 95% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +56.6%, recorded 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 sisal binder import price stood at $X per ton in 2022, shrinking by -31.3% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 237% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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