Price for Yarn; of Flax, Multiple (Folded) or Cabled in Colombia - 2022

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Colombia (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $4,692 per ton in 2022, reducing by -2.5% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of 170% against the previous year. As a result, import price reached the peak level of $25,953 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($336,667 per ton), while the price for China ($3,353 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Colombia

For the fourth consecutive year, Colombia recorded growth in overseas purchases of yarn; of flax, multiple (folded) or cableds, which increased by 30% to 1.9 tons in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 270% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of yarn; of flax, multiple (folded) or cableds soared to $8.7K in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 112%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.