Colombia: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Colombia

The Colombian market for sanitary ware and parts of iron or steel fell modestly to $X in 2021, leveling off at the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decline. Iron or steel sanitary ware consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Colombia

In value terms, iron or steel sanitary ware production contracted to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 26%. Iron or steel sanitary ware production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Colombia

In 2021, the amount of sanitary ware and parts of iron or steel exported from Colombia surged to X tons, growing by 53% compared with the year before. Overall, exports saw a notable increase. The growth pace was the most rapid in 2019 when exports increased by 81% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports skyrocketed to $X in 2021. In general, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons), El Salvador (X tons) and Panama (X tons) were the main destinations of iron or steel sanitary ware exports from Colombia, together accounting for 61% of total exports. Peru, Jamaica, Costa Rica, Chile, Venezuela and the Dominican Republic lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +378.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel sanitary ware exported from Colombia were Ecuador ($X), Peru ($X) and Panama ($X), together comprising 68% of total exports. These countries were followed by El Salvador, Jamaica, Costa Rica, the Dominican Republic, Chile and Venezuela, which together accounted for a further 29%.

In terms of the main countries of destination, Jamaica, with a CAGR of +396.1%, recorded the highest rates of growth with regard to 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 export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, dropping by -3.1% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to El Salvador ($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 Jamaica (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Colombia

In 2021, iron or steel sanitary ware imports into Colombia skyrocketed to X tons, rising by 53% on the previous year. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main iron or steel sanitary ware supplier to Colombia, accounting for a 94% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.6% per year) and the United States (-13.4% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to Colombia, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.8% per year) and the United States (-14.4% per year).

Import Prices by Country

In 2021, the average import price for sanitary ware and parts of iron or steel amounted to $X per ton, increasing by 4.6% against the previous year. Overall, the import price continues to indicate modest growth. The growth pace was the most rapid in 2014 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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