Colombia: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Colombia

The Colombian market for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X in 2021, with an increase of 15% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Colombia

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Colombia

After three years of growth, overseas shipments of boards, sheets, panels, tiles and similar articles of plaster not faced decreased by -31.3% to X square meters in 2021. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,856% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2020, and then dropped notably in the following year.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced reduced remarkably to $X in 2021. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2018 when exports increased by 1,597% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Panama (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Colombia, with a 67% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to Panama exceeded the volume sent to the second major destination, Trinidad and Tobago (X square meters), sevenfold. El Salvador (X square meters) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+47.9% per year) and El Salvador (+66.4% per year).

In value terms, Panama ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster not faced exports from Colombia, comprising 60% of total exports. The second position in the ranking was taken by El Salvador ($X), with an 11% share of total exports. It was followed by the Dominican Republic, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+42.5% per year) and the Dominican Republic (+13.5% per year).

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, growing by 4.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. The export price peaked at $X per square meter in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per square meter), while the average price for exports to Guyana ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Colombia

Imports of boards, sheets, panels, tiles and similar articles of plaster not faced into Colombia skyrocketed to X square meters in 2021, jumping by 64% on 2020 figures. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 138% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 156%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X square meters) constituted the largest board, sheet, panel, tile and similar article of plaster not faced supplier to Colombia, accounting for a 47% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster not faced from the United States exceeded the figures recorded by the second-largest supplier, Free Zones (X square meters), threefold. The third position in this ranking was taken by Spain (X square meters), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+37.8% per year) and Spain (+58.5% per year).

In value terms, the United States ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster not faced to Colombia, comprising 49% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Free Zones, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+49.9% per year) and Free Zones (+38.5% per year).

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 35%. The import price peaked at $X per square meter in 2019; however, from 2020 to 2021, 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 Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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