Colombia: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Colombia

In 2021, the Colombian assembled parquet panels market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Assembled Parquet Panels Exports

Exports from Colombia

Assembled parquet panels exports from Colombia soared to X tons in 2021, with an increase of 35% compared with the previous year's figure. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 178% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, assembled parquet panels exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Panama (X tons) and Sweden (X tons) were the main destinations of assembled parquet panels exports from Colombia, together comprising 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +78.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) emerged as the key foreign market for assembled parquet panels exports from Colombia, comprising 70% of total exports. The second position in the ranking was held by Panama ($X), with a 24% share of total exports. It was followed by Sweden, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to the Dominican Republic amounted to +88.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-29.0% per year) and Sweden (0.0% per year).

Export Prices by Country

The average assembled parquet panels export price stood at $X per ton in 2021, with an increase of 47% against the previous year. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 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, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the United States ($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 Aruba (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Assembled Parquet Panels Imports

Imports into Colombia

In 2021, approx. X tons of assembled parquet panels were imported into Colombia; jumping by 70% against the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, assembled parquet panels imports surged to $X in 2021. In general, imports, however, recorded a deep contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of assembled parquet panels imports to Colombia, with a combined 57% share of total imports. Mexico, Turkey, Portugal and Spain lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Germany ($X) constituted the largest assembled parquet panels suppliers to Colombia, with a combined 49% share of total imports. These countries were followed by Portugal, Spain, Brazil and Turkey, which together accounted for a further 26%.

Turkey, with a CAGR of +46.7%, saw the highest growth rate of the value of imports, among 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 assembled parquet panels import price stood at $X per ton in 2021, shrinking by -21.6% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+44.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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