The growth trend of India is at a great pace, after successful March & April’20, India showed encouraging trend in the month of May’2020 in the Colombian Denim Imports. India once again beat other countries during the pandemic times to be the largest exporter of denim fabrics to Colombia during May 2020.
We analyze the same in this report besides listing major denim fabric importers in COLOMBIA during May 2020 and analyzed the volume and average price along with the countries from where they are buying. A comparison of the import trend for March-May’19 and March-May’20 has been also made. The contents of this report are as below:
| Particulars |
| Tables and Graphs Showing Leading Denim Exporting Countries To Colombia During May 2020 |
| Table And Graphs Showing Leading Denim Importing Companies Of Colombia During May 2020 and their details |
| Table and Graphs Showing Denim Exporting Companies to Top Denim Importing Companies Of Colombia During May 2020 |
| Table and Graph Showing 2020 V. 2019 Comparative Analysis on Import Trend |
TOP COUNTRIES SUPPLYING DENIM FABRICS TO COLOMBIA
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In the month of May 2020, Colombia has imported approx. 2.40 million sqm of denim fabrics.
With 1.75 million sqm of denim fabric export, India strongly positioned itself as #1 exporter to Colombia during May 2020 however CHINA, which happened to be the biggest exporter of Denim Fabric to Colombia, continues to lose its share and now with 15% share, it is at #2 during May’20.
China exported 3.49 lacs sqm of denim fabrics at an average price of $1.6/sqm.
(Note: this data has been captured from various govt organizations including customs. the actual imports are likely to be higher than this figure .)
| Country | Quantity (SQM) | Av Price($/Sqm) | % Share |
| Brazil | 45,677.09 | 1.35 | 2% |
| China | 3,49,226.01 | 1.6 | 15% |
| India | 17,56,616.96 | 1.15 | 73% |
| Pakistan | 66,534.19 | 1.32 | 3% |
| Turkey | 42,041.15 | 3.91 | 2% |
| United States | 40,638.86 | 1.41 | 2% |
| Venezuela | 1,01,672.68 | 1.29 | 4% |
| Total | 24,02,406.94 | 1.28441987 | 100% |
As far as the average price is concerned, India’s average price turned to be the most competitive amongst all at $1.15/sq mtr. Turkey exported the fabric at the most expensive average price of USD 3.91/Sqm.
India is at #1 with 72.3% share and China slipped to #2 with a substantial fall and its share reached up to 14.9%, 10 % down from March-April’20.
TOP DENIM IMPORTING COMPANIES OF COLOMBIA
So far as the import of denim fabric by different companies are concerned, JOHN URIBE and COMERCIALIZADORA SADA are the biggest importers of denim fabric into Colombia with the total import of 0.53 million sqm and 0.47 million sqm of denim fabric respectively. JOHN URIBE is the buyer which has imported the denim fabrics at the most expensive average price i.e., $1.46/sqm even though being the biggest importer.
| Importers | Quantity | Av Price |
| JOHN URIBE E HIJOS SA | 535,690 | 1.46 |
| COMERCIALIZADORA SADA SAS | 476,510 | 1.21 |
| COMERTEX SA | 462,797 | 1.13 |
| COLTEANTIOQUIA SA | 222,128 | 1.22 |
| TRAMAS COLOMBIA INTERNACIONAL SAS | 206,421 | 1.13 |
| SURTIJEANS SA | 127,976 | 1.16 |
| POLJEAN SAS | 101,672 | 1.29 |
| OTHER | 269,204 | 1.57 |
JOHN URIBE E HIJOS SA
The total import of denim fabric made by JOHN URIBE during the month of May’20 is 5.35 lakhs sqm. Out of many RB Industries from India is the biggest supplier which supplied 178,009 sqm of denim fabric at an average price of $1.15/sqm
| SUPPLIERS | QUANTITY | Average Price |
| INDIGO TEXTILES (PVT) LTD | 15,697 | 1.56 |
| ORTA ANADOLU TICARET VE SANAYI ISLETMESI T AS | 30,581 | 3.69 |
| RB INDUSTRIES | 178,009 | 1.15 |
| S M TRADERS | 35,837 | 1.19 |
| SANKO TEKSTIL ISLETMELERI SAN VE TIC AS | 11,460 | 4.52 |
| SIGNET DENIM PVT LTD | 103,281 | 0.99 |
| SUPER GOLD SUITINGS PVT LTD | 6,711 | 1.33 |
| WINWIN TEXTILE CO LTD | 1,750 | 2.48 |
| ZHEJIANG TENGMA TEXTILE CO LTD | 152,364 | 0.59 |
| TOTAL | 535,690 | 1.47 |
COMERCIALIZADORA QUANTTO SA SOCIEDAD ANONIMA COMERCIAL
COMERCIALIZADORA imported 435,872 sqm denim fabric during May 2020. Major of the fabrics were supplied from BLUE HALO from Portugal at an average price of $1.19/Sqm
| SUPPLIERS | QUANTITY | Average Price |
| BLUE HALO SA | 435,872 | 1.19 |
| BAKER TEXTILES REGD | 40,638 | 1.41 |
| TOTAL | 476,510 | 1.21 |
COMERTEX SA
SANGAM INDIA LTD emerged as one of the biggest suppliers to COMERTEX during May 2020, the company supplied 3,83 lacs sqm of denim fabric at an average price of $1.09/sqm.
| SUPPLIERS | QUANTITY | Average Price |
| SANGAM (INDIA) LTD | 383,287 | 1.09 |
| S M TRADERS | 15,000 | 1.39 |
| GINNI INTERNATIONAL LTD | 64,510 | 1.28 |
COLTEANTIOQUIA SA
COLTEANTIOQUIA imported 222,128 sqm of denim fabrics during May 2020, most of the fabric exported by SAR DENIM PVT LTD. SAR DENIM exported 113,031 at an average price of $1.2/sqm.
| SUPPLIERS | QUANTITY | Average Price |
| VINOD DENIM LTD | 45,540 | 1.31 |
| SAR DENIM PVT LTD | 113,031 | 1.2 |
| DHARMSHIL INDUSTRIES PVT LTD | 63,557 | 1.18 |
TRAMAS COLOMBIA INTERNACIONAL SAS
The company has bought all its denim from Loyal Kingdom Corp from Panama which supplied fabrics at an av. price of $1.13/sqm
| SUPPLIERS | QUANTITY | Average Price |
| LOYAL KINGDOM CORP | 2,06,421 | 1.13 |
2020 V. 2019 Comparative Analysis on Import Trend
The COVID affect looks very apparent once we analyse the import figures of Mar-May for both the years. In 2020, Import witnessed a fall of approx. 49%, meaning the business is slashed by half due to global lockdown and restricted movement.
However, one more important outcome of this analysis is that, China has been losing its share to Colombian Denim Export very brutally. China’s share has taken a toll, a total fall of 77% within a year is massive. China’s loss became India’s gain and the country managed to increase its penetration from 25% to 60% within a year.
All the other countries have experience the substantial fall in their share with India being a sole exception.
| Country | Quantity( Mar-May’20) | % | Quantity( Mar-May’19) | % | % Change ( 2020 V. 2019) |
| India | 4896818 | 60% | 3990813 | 25% | 23% |
| China | 1794028 | 22% | 7694438 | 48% | -77% |
| Mexico | 363566 | 4% | 761735 | 5% | -52% |
| Brazil | 368847 | 5% | 851975 | 5% | -57% |
| Pakistan | 206034 | 3% | 921135 | 6% | -78% |
| Venezuela | 222132 | 3% | 584335 | 4% | -62% |
| United States | 112336 | 1% | 198634 | 1% | -43% |
| Others | 205184 | 3% | 866017 | 5% | -76% |
| Total | 8168945 | 100% | 15869082 | 100% | -49% |
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