Colombia Textile Market Report and Forecast 2024-2032

Colombia Textile Market Outlook

The Colombia textile market size reached approximately USD 5.04 billion in 2023. The market is projected to grow at a CAGR of 4.70% between 2024 and 2032, reaching a value of around USD 7.62 billion by 2032.

Key Takeaways

• The total expenditure on fashion in the nation reached US$1,479 million in March 2023.

• In the year 2021, Colombia witnessed the presence of over 35,000 apparel companies, more than 200 yarn companies, and over 7,000 textile production companies.

• In 2022, the textile sector saw exports totalling US$962.6 million, marking a 6.5% growth compared to the previous year.

The Colombia textile market growth is driven by the rising demand from diverse sectors, including fashion and clothing, as well as the flourishing e-commerce sector. The considerable public investment in the textile sector further enhances the potential for lucrative opportunities and growth within the Colombian textile market.

As per the Colombia textile market analysis, the growing demand for natural products positively influences the market due to greater environmental awareness among Colombian population. Natural fabrics such as cotton, wool, and silk are softer and more breathable, durable, and cost-effective than other synthetic fibres. They are especially suitable for people who suffer from allergies and have sensitive skin. Additionally, the automobile sector is experiencing steady growth due to increased exports of Colombian vehicles around the world due to zero-tariff free trade agreements, as well as increasing purchasing power and rising standards of living. The increase in the purchase of passenger cars is also creating enormous opportunities for the market.

The growing demand for medical textiles in Colombia due to increasing medical tourism and increasing cleanliness standards are indirectly influencing the growth of the market. Medical textile products, such as personal protective equipment (PPE), masks, and surgical clothing, provide comfort and help establish a barrier between healthcare personnel and the patient, ensuring improved hygiene and sterility.

Market Segmentation

Colombia Textile Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

• Cotton

• Chemical

• Wool

• Silk

• Others

Market Breakup by Product Type

• Natural Fibers

• Polyester

• Nylon

• Others

Market Breakup by Application

• Household
  • Bedding
  • Kitchen
  • Upholstery
  • Towel
  • Others

• Technical
  • Construction
  • Transport
  • Protective
  • Medical
  • Others

• Fashion and Clothing
  • Apparel
  • Ties and Clothing Accessories
  • Handbags
  • Others

• Others

Competitive Landscape

Market players are focusing on the adoption of sustainable production methods and the integration of cutting-edge technologies in textile manufacturing.

• Textilia

• Parkdale, Incorporated

• Artextil

• Enka De Colombia S.A.

• CI Creytex SA

• Protela S.A

• ASITEX

• FABRICATO SA

• Others

Key Highlights of the Report