Colombia: Prefabricated Buildings Market 2025

Prefabricated Buildings Market Size in Colombia

The Colombian prefabricated buildings market declined slightly to $X in 2022, dropping by -2.1% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in Colombia

In value terms, prefabricated buildings production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -12.3% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 53% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Prefabricated Buildings Exports

Exports from Colombia

Prefabricated buildings exports from Colombia declined notably to X units in 2022, which is down by -20.9% compared with the previous year. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 91% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, prefabricated buildings exports fell rapidly to $X in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 106%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X units), Ecuador (X units) and Mexico (X units) were the main destinations of prefabricated buildings exports from Colombia, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Aruba (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prefabricated buildings exported from Colombia were Ecuador ($X), Aruba ($X) and Panama ($X), together comprising 57% of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of +39.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Congo ($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 Antigua and Barbuda (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Colombia

Prefabricated buildings imports into Colombia surged to X units in 2022, growing by 75% compared with 2021. Over the period under review, imports, however, showed a mild curtailment. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prefabricated buildings imports skyrocketed to $X in 2022. In general, imports, however, showed a mild contraction. The growth pace was the most rapid in 2019 with an increase of 78%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), China (X units) and Spain (X units) were the main suppliers of prefabricated buildings imports to Colombia, together comprising 58% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +111.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and China ($X) were the largest prefabricated buildings suppliers to Colombia, together accounting for 55% of total imports. Brazil, Chile, Canada, the Netherlands, Italy, Ecuador, Belgium, Portugal, France and Mexico lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Brazil, with a CAGR of +66.4%, saw the highest rates of growth with regard to 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

In 2022, the average prefabricated buildings import price amounted to $X per unit, with a decrease of -27.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 57%. As a result, import price reached the peak level of $X per unit, and then shrank rapidly in the following year.

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 Chile ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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