Colombia: Textile Wadding Market 2024

Textile Wadding Market Size in Colombia

The Colombian textile wadding market fell modestly to $X in 2022, dropping by -1.6% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Textile wadding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Textile Wadding Production in Colombia

In value terms, textile wadding production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -2.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from Colombia

In 2022, after four years of decline, there was significant growth in overseas shipments of wadding of textile materials and articles thereof, when their volume increased by 6.6% to X tons. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of 304% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, textile wadding exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 200%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), South Africa (X tons) and Ecuador (X kg) were the main destinations of textile wadding exports from Colombia, with a combined 83% share of total exports. Curacao, Panama, Venezuela and Romania lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +18.4%), while the other leaders experienced a decline.

In value terms, the largest markets for textile wadding exported from Colombia were Ecuador ($X), Panama ($X) and Turkey ($X), with a combined 48% share of total exports. South Africa, Curacao, Romania and Venezuela lagged somewhat behind, together accounting for a further 16%.

Romania, with a CAGR of +25.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, with an increase of 8.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to South Africa ($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 Panama (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Colombia

In 2022, approx. X tons of wadding of textile materials and articles thereof were imported into Colombia; dropping by -10.1% against 2021 figures. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, textile wadding imports fell to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of textile wadding imports to Colombia, together comprising 50% of total imports. Mexico, the Netherlands, Paraguay, France, Brazil, Poland, Belgium, Israel, Italy and Chile lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +63.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and the United States ($X) constituted the largest textile wadding suppliers to Colombia, with a combined 54% share of total imports. Paraguay, Japan, Brazil, the Netherlands, France, Poland, Belgium, Italy, Israel and Chile lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Belgium, with a CAGR of +56.7%, 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

In 2022, the average textile wadding import price amounted to $X per ton, shrinking by -2.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked at $X per ton in 2012; however, from 2013 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 Paraguay ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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