Colombia: Table Flatware Market 2025

Table Flatware Market Size in Colombia

The Colombian table flatware market shrank to $X in 2022, falling by -11.3% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Table Flatware Production in Colombia

In value terms, table flatware production dropped to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.1% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 66% against the previous year. Table flatware production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports from Colombia

Table flatware exports from Colombia contracted to X tons in 2022, with a decrease of -3.7% against 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 69%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, table flatware exports reduced to $X in 2022. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 123%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Ecuador (X tons) and Peru (X tons) were the main destinations of table flatware exports from Colombia, with a combined 62% share of total exports. Panama, the Netherlands, Curacao, Costa Rica, Guatemala, Venezuela, El Salvador and Chile lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +16.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for table flatware exported from Colombia were Peru ($X), Ecuador ($X) and Germany ($X), with a combined 62% share of total exports. Panama, the Netherlands, Curacao, Costa Rica, Guatemala, Venezuela, El Salvador and Chile lagged somewhat behind, together accounting for a further 33%.

Costa Rica, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, falling by -5.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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 El Salvador ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into Colombia

In 2022, imports of table flatware into Colombia dropped rapidly to X tons, which is down by -17.1% against the year before. In general, imports saw a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, table flatware imports reduced remarkably to $X in 2022. Overall, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main table flatware supplier to Colombia, with a 92% share of total imports. Moreover, table flatware imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -1.3%.

In value terms, China ($X) constituted the largest supplier of table flatware to Colombia, comprising 78% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -4.2%.

Import Prices by Country

The average table flatware import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 8.5% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Brazil ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%).

Source: IndexBox Platform

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