Colombia: Particle Board Market 2024

Particle Board Market Size in Colombia

In 2022, the Colombian particle board market decreased by -10.7% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Particle Board Production in Colombia

In value terms, particle board production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 9.5% against the previous year. Particle board production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Particle Board Exports

Exports from Colombia

Particle board exports from Colombia shrank sharply to X cubic meters in 2022, reducing by -29.6% on the previous year's figure. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, particle board exports dropped sharply to $X in 2022. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X cubic meters) was the main destination for particle board exports from Colombia, with a 56% share of total exports. Moreover, particle board exports to Chile exceeded the volume sent to the second major destination, Panama (X cubic meters), threefold. Guatemala (X cubic meters) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +103.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-23.3% per year) and Guatemala (-13.1% per year).

In value terms, the largest markets for particle board exported from Colombia were Chile ($X), Panama ($X) and the Dominican Republic ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +149.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, waning by -2.2% against the previous year. Overall, the export price showed a mild downturn. The growth pace was the most rapid in 2021 an increase of 9.9%. The export price peaked at $X per cubic meter 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per cubic meter), while the average price for exports to Ecuador ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in supplies from abroad of particle board, when their volume decreased by -14.4% to X cubic meters. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of X cubic meters, and then contracted in the following year.

In value terms, particle board imports contracted to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Ecuador (X cubic meters) constituted the largest supplier of particle board to Colombia, with a 59% share of total imports. Moreover, particle board imports from Ecuador exceeded the figures recorded by the second-largest supplier, Brazil (X cubic meters), threefold. Chile (X cubic meters) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+43.8% per year) and Chile (+3.3% per year).

In value terms, Ecuador ($X) constituted the largest supplier of particle board to Colombia, comprising 71% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Chile, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+41.8% per year) and Chile (+3.1% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, approximately mirroring the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.7%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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