Colombia: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Colombia

The Colombian wooden joinery and carpentry market skyrocketed to $X in 2021, increasing by 206% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a pronounced downturn. Wooden joinery and carpentry consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Colombia

In 2021, the amount of builders' joinery and carpentry of wood exported from Colombia surged to X tons, picking up by 36% compared with 2020. Over the period under review, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 63% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry exports soared to $X in 2021. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 74% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cayman Islands (X tons), Panama (X tons) and Cote d'Ivoire (X tons) were the main destinations of wooden joinery and carpentry exports from Colombia, with a combined 50% share of total exports. The United States, Costa Rica, Ecuador, the Dominican Republic, Curacao, Germany, Suriname, Guatemala, Uruguay and Cuba lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +38.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden joinery and carpentry exported from Colombia were Ecuador ($X), Cayman Islands ($X) and the United States ($X), with a combined 68% share of total exports. Panama, Costa Rica, Cote d'Ivoire, the Dominican Republic, Curacao, Guatemala, Cuba, Suriname, Germany and Uruguay lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Uruguay, with a CAGR of +21.7%, saw 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 wooden joinery and carpentry export price stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 26%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Colombia

In 2021, approx. X tons of builders' joinery and carpentry of wood were imported into Colombia; rising by 110% against 2020. In general, imports, however, showed a abrupt setback. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Austria (X tons) were the main suppliers of wooden joinery and carpentry imports to Colombia, with a combined 35% share of total imports. These countries were followed by Brazil, Germany, the United States, Guatemala, Portugal, Turkey, the Czech Republic, Slovakia, Ecuador and Vietnam, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +81.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Austria ($X) constituted the largest wooden joinery and carpentry suppliers to Colombia, with a combined 33% share of total imports. These countries were followed by the United States, Guatemala, Germany, Brazil, Portugal, Slovakia, the Czech Republic, Ecuador, Turkey and Vietnam, which together accounted for a further 29%.

Guatemala, with a CAGR of +81.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden joinery and carpentry import price stood at $X per ton in 2021, surging by 21% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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