Colombia: Drawing Board Market 2024

Drawing Board Market Size in Colombia

The Colombian drawing board market declined to $X in 2022, falling by -14.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a slight expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Drawing Board Exports

Exports from Colombia

After two years of growth, shipments abroad of slates and boards with writing or drawing surfaces decreased by -31.3% to X units in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by 647% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, drawing board exports contracted remarkably to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 443% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for drawing board exports from Colombia, with a 78% share of total exports. Moreover, drawing board exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+36.0% per year) and Panama (+15.3% per year).

In value terms, Ecuador ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Colombia, comprising 78% of total exports. The second position in the ranking was taken by Peru ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+18.1% per year) and Panama (+21.2% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, increasing by 14% against the previous year. In general, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Peru ($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 Panama (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into Colombia

In 2022, drawing board imports into Colombia fell to X units, waning by -11.4% against the previous year. Overall, imports, however, posted a notable expansion. The growth pace was the most rapid in 2016 with an increase of 72%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, drawing board imports contracted remarkably to $X in 2022. In general, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2016 when imports increased by 83%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest drawing board supplier to Colombia, with a 75% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.4% per year) and the United States (+8.4% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Colombia, comprising 70% of total imports. The second position in the ranking was taken by Mexico ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.6% per year) and the United States (+2.7% per year).

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, which is down by -4.4% against the previous year. Overall, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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