Report Update: May 8, 2024

Colombia - Narrow Woven Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Narrow Woven Fabric Price in Colombia - 2022

Narrow Woven Fabric Price in Colombia (CIF) - 2022

In 2022, the average narrow woven fabric import price amounted to $5,419 per ton, shrinking by -2.7% against the previous year. Over the period under review, the import price showed a noticeable decline. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. The import price peaked at $7,229 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 Peru ($30,863 per ton), while the price for Ecuador ($3,953 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Narrow Woven Fabric Price in Colombia (FOB) - 2022

In 2022, the average narrow woven fabric export price amounted to $20,485 per ton, declining by -6.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13%. The export price peaked at $21,835 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($35,049 per ton), while the average price for exports to Venezuela ($7,758 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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports in Colombia

In 2022, approx. 2.3K tons of narrow woven fabrics were imported into Colombia; shrinking by -15.6% compared with the previous year. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 2.8K tons, and then reduced dramatically in the following year.

In value terms, narrow woven fabric imports contracted dramatically to $13M in 2022. Overall, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $15M, and then dropped sharply in the following year.

Import of Narrow Woven Fabric in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.0	7.1	11.4	9.2	4.8%
South Korea	0.4	0.3	0.6	0.5	7.7%
Brazil	0.3	0.3	0.4	0.3	0.0%
Mexico	0.4	0.3	0.3	0.2	-20.6%
Ecuador	0.1	0.2	0.2	0.2	26.0%
Others	2.4	1.7	2.5	2.3	-1.4%
Total	11.7	9.9	15.4	12.6	2.5%

Top Suppliers of Narrow Woven Fabric to Colombia in 2022:

China (2020.2 tons)
South Korea (74.1 tons)
Brazil (49.0 tons)
Ecuador (46.2 tons)
Mexico (32.0 tons)

Narrow Woven Fabric Exports in Colombia

In 2022, the amount of narrow woven fabrics exported from Colombia fell sharply to 177 tons, waning by -15.2% against 2021. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year.

In value terms, narrow woven fabric exports dropped notably to $3.6M in 2022. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 69% against the previous year.

Export of Narrow Woven Fabric in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	1,905	957	1,225	1,118	-16.3%
Mexico	678	368	468	430	-14.1%
Peru	512	354	524	423	-6.2%
United States	246	200	291	388	16.4%
Honduras	272	110	461	367	10.5%
Dominican Republic	268	143	106	164	-15.1%
Costa Rica	108	101	108	93.7	-4.6%
Others	601	456	1,369	637	2.0%
Total	4,590	2,689	4,551	3,620	-7.6%

Top Export Markets for Narrow Woven Fabric from Colombia in 2022:

Ecuador (69.8 tons)
Mexico (33.4 tons)
Peru (17.3 tons)
United States (15.4 tons)
Honduras (10.5 tons)
Costa Rica (6.3 tons)
Dominican Republic (5.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the narrow woven fabric market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13961730 - Narrow woven fabrics other than labels, badges and other similar articles
Prodcom 13961750 - Labels, badges and similar articles in textile materials (excluding embroidered)
Prodcom 13961770 - Braids in the piece, tassels and pompons, ornamental trimmings (excluding knitted or crocheted)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023