Colombia: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Colombia

The Colombian ceramic sanitary ware market dropped slightly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ceramic Sanitary Ware Production in Colombia

In value terms, ceramic sanitary ware production contracted to $X in 2022 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 2015 with an increase of 2.5%. Ceramic sanitary ware production peaked at $X in 2021, and then dropped in the following year.

Ceramic Sanitary Ware Exports

Exports from Colombia

After two years of decline, shipments abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures increased by 50% to X units in 2022. Over the period under review, exports, however, recorded a significant decline. The growth pace was the most rapid in 2019 when exports increased by 128% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ceramic sanitary ware exports skyrocketed to $X in 2022. In general, exports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 73%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Peru (X units) and the Dominican Republic (X units) were the main destinations of ceramic sanitary ware exports from Colombia.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), the United States ($X) and Peru ($X) appeared to be the largest markets for ceramic sanitary ware exported from Colombia worldwide.

In terms of the main countries of destination, Peru, with a CAGR of -0.2%, saw 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

The average ceramic sanitary ware export price stood at $X per unit in 2022, increasing by 2.6% against the previous year. In general, the export price saw prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 294% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign 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.

Ceramic Sanitary Ware Imports

Imports into Colombia

Ceramic sanitary ware imports into Colombia fell modestly to X units in 2022, almost unchanged from 2021. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ceramic sanitary ware imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic sanitary ware to Colombia, accounting for a 98% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X units), fivefold. Peru (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-17.8% per year) and Peru (-15.5% per year).

In value terms, China ($X), Ecuador ($X) and Peru ($X) were the largest ceramic sanitary ware suppliers to Colombia.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +23.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average ceramic sanitary ware import price amounted to $X per unit, dropping by -8.2% against the previous year. In general, the import price, however, showed a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by 56% 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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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