Colombia: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Colombia

The Colombian tanned or dressed furskins market expanded to $X in 2022, surging by 4.6% against the previous year. Overall, consumption, however, recorded a slight descent. Tanned or dressed furskins consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Tanned or Dressed Furskins in Colombia

In value terms, tanned or dressed furskins production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 22%. Tanned or dressed furskins production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports from Colombia

Tanned or dressed furskins exports from Colombia fell to X units in 2022, with a decrease of -11.4% against the year before. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 213% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports dropped sharply to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 103%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for tanned or dressed furskins exports from Colombia, accounting for a 65% share of total exports. Moreover, tanned or dressed furskins exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), sixfold. The third position in this ranking was held by the Netherlands (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+11.9% per year) and the Netherlands (+4.4% per year).

In value terms, the United States ($X) remains the key foreign market for tanned or dressed furskins exports from Colombia, comprising 73% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.1% share of total exports. It was followed by Brazil, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.6% per year) and Brazil (+16.9% per year).

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, which is down by -4.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tanned or Dressed Furskins

Imports into Colombia

In 2022, the amount of tanned or dressed furskins imported into Colombia shrank dramatically to X units, with a decrease of -30.5% against the year before. Over the period under review, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 849% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tanned or dressed furskins imports contracted notably to $X in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2016 when imports increased by 339%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X units), China (X units) and India (X units) were the main suppliers of tanned or dressed furskins imports to Colombia, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +41.1%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X), China ($X) and India ($X) were the largest tanned or dressed furskins suppliers to Colombia, together comprising 96% of total imports.

China, with a CAGR of +42.1%, saw 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 a decline.

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, picking up by 9.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+76.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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