Colombia: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Colombia

The Colombian bedding and furnishing article market contracted to $X in 2022, waning by -13.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Colombia

In value terms, bedding and furnishing article production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Colombia

After three years of growth, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -36.1% to X tons in 2022. Over the period under review, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 77%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bedding and furnishing article exports contracted notably to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 68%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for bedding and furnishing article exports from Colombia, with a 63% share of total exports. Moreover, bedding and furnishing article exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+15.4% per year) and Peru (+19.9% per year).

In value terms, Ecuador ($X), Peru ($X) and the United States ($X) constituted the largest markets for bedding and furnishing article exported from Colombia worldwide, together comprising 64% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2022, rising by 25% against the previous year. In general, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2015 an increase of 26%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Venezuela ($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 Bahamas (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Colombia

In 2022, imports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) into Colombia shrank to X tons, dropping by -14.3% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, bedding and furnishing article imports declined to $X in 2022. Over the period under review, imports recorded a slight setback. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bedding and furnishing article to Colombia, with a 65% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Ecuador (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+44.8% per year) and Ecuador (+45.7% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) to Colombia, comprising 74% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 7.9% share of total imports. It was followed by India, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+38.2% per year) and India (-3.9% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 12%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform