Colombia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Colombia

In 2022, after four years of decline, there was growth in the Colombian ceramic tile market, when its value increased by 2.3% to $X. Over the period under review, consumption, however, recorded a mild setback. Ceramic tile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ceramic Tile Production in Colombia

In value terms, ceramic tile production totaled $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ceramic Tile Exports

Exports from Colombia

In 2022, approx. X square meters of ceramic tiles were exported from Colombia; with a decrease of -14.1% on 2021 figures. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ceramic tile exports declined to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X square meters) was the main destination for ceramic tile exports from Colombia, accounting for a 46% share of total exports. Moreover, ceramic tile exports to Ecuador exceeded the volume sent to the second major destination, the United States (X square meters), twofold. El Salvador (X square meters) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.1% per year) and El Salvador (+50.9% per year).

In value terms, Ecuador ($X) remains the key foreign market for ceramic tiles exports from Colombia, comprising 45% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports. It was followed by El Salvador, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador stood at -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.5% per year) and El Salvador (+36.1% per year).

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.3% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($X per square meter) and Panama ($X per square meter), while the average price for exports to Venezuela ($X per square meter) and the United States ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-3.1%), while the prices for the other major destinations experienced a decline.

Ceramic Tile Imports

Imports into Colombia

In 2022, ceramic tile imports into Colombia shrank to X square meters, declining by -10.6% on the previous year's figure. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X square meters), China (X square meters) and India (X square meters) were the main suppliers of ceramic tile imports to Colombia, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Spain ($X) were the largest ceramic tile suppliers to Colombia, with a combined 70% share of total imports. These countries were followed by India, Free Zones, Peru, Ecuador and Mexico, which together accounted for a further 27%.

Among the main suppliers, India, with a CAGR of +23.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, falling by -8.2% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for Free Zones ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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