Colombia: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2024

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Colombia

In 2022, the Colombian market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china decreased by -23.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate moderate growth. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Production of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Colombia

In value terms, production of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 3.3% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then contracted slightly in the following year.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Colombia

In 2022, overseas shipments of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by 683% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china stood at $X in 2022. Overall, exports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Peru (X units) and the Dominican Republic (X units) were the main destinations of exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Colombia, together comprising 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exported from Colombia were the Dominican Republic ($X), the United States ($X) and Peru ($X), together comprising 41% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +0.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, shrinking by -87.2% against the previous year. Overall, the export price continues to indicate a dramatic curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 17%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-13.7%), while the prices for the other major destinations experienced a decline.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Colombia

In 2022, the amount of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china imported into Colombia shrank markedly to X units, waning by -18.8% on the previous year's figure. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china reduced rapidly to $X in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 75%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Colombia, with a 82% share of total imports. Moreover, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from China exceeded the figures recorded by the second-largest supplier, Ecuador (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-19.4% per year) and Mexico (-35.5% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Colombia, comprising 85% of total imports. The second position in the ranking was held by Ecuador ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-19.3% per year) and Mexico (-22.9% per year).

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, falling by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform