Colombia: Textile Tubing Market 2024

Textile Tubing Market Size in Colombia

The Colombian textile tubing market contracted modestly to $X in 2022, with a decrease of -1.9% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +1.6% against 2020 indices. Textile tubing consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Textile Tubing Production in Colombia

In value terms, textile tubing production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.4% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 67%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Textile Tubing Exports

Exports from Colombia

In 2022, shipments abroad of textile hosepiping and similar textile tubing increased by 15% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 670% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile tubing exports fell significantly to $X in 2022. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 923%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X tons) and Peru (X tons) were the main destinations of textile tubing exports from Colombia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +14.3%).

In value terms, Panama ($X) and Peru ($X) constituted the largest markets for textile tubing exported from Colombia worldwide.

Peru, with a CAGR of +7.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2022, declining by -31.5% against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 72%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Colombia

In 2022, approx. X tons of textile hosepiping and similar textile tubing were imported into Colombia; picking up by 4.7% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 37%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, textile tubing imports expanded sharply to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of textile tubing to Colombia, accounting for a 82% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. The UK (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and the UK (+102.4% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Colombia, comprising 61% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by the UK, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and the UK (+96.0% per year).

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2022, growing by 7.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average 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 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 Spain (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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