Colombia - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Colombia - 2022
Contents:
- Household Hand Tools Price in Colombia (CIF) - 2022
- Household Hand Tools Price in Colombia (FOB) - 2022
- Household Hand Tools Imports in Colombia
- Household Hand Tools Exports in Colombia
Household Hand Tools Price in Colombia (CIF) - 2022
In February 2022, the average household hand tools import price amounted to $3,836 per ton, dropping by -18.6% against the previous month. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in September 2021 an increase of 34% m-o-m. The import price peaked at $6,591 per ton in April 2021; however, from May 2021 to February 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to -2.4% per month.
Household Hand Tools Price in Colombia (FOB) - 2022
In 2022, the average household hand tools export price amounted to $11,013 per ton, with an increase of 2.5% against the previous year. In general, the export price showed a slight increase. The growth pace was the most rapid in 2015 an increase of 49%. As a result, the export price attained the peak level of $14,772 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($25,456 per ton), while the average price for exports to Jamaica ($223 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 Australia (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Colombia
In 2022, the amount of household hand tools imported into Colombia reduced notably to 1.1K tons, with a decrease of -18.4% compared with the previous year. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports reached the peak of 1.4K tons, and then fell rapidly in the following year.
In value terms, household hand tools imports declined remarkably to $5.2M in 2022. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, imports reached the peak of $6.8M, and then dropped significantly in the following year.
| Import of Household Hand Tools in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 3.1 | 6.2 | 4.8 | 9.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
| Total | 4.1 | 3.6 | 6.8 | 5.2 | 8.2% |
Top Suppliers of Household Hand Tools to Colombia in 2022:
- China (1062.4 tons)
- Taiwan (Chinese) (19.8 tons)
Household Hand Tools Exports in Colombia
In 2022, shipments abroad of household hand tools was finally on the rise to reach 5.9 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a drastic downturn.
In value terms, household hand tools exports surged to $65K in 2022. Over the period under review, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2020 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $73K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Household Hand Tools in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.8 | 4.2 | 6.1 | 6.4 | 19.0% |
| Japan | N/A | N/A | N/A | 6.2 | 0% |
| Australia | 3.4 | 3.0 | 4.4 | 5.6 | 18.1% |
| Brazil | 4.6 | 3.9 | 4.7 | 5.2 | 4.2% |
| Panama | 4.2 | 5.3 | 2.8 | 4.5 | 2.3% |
| Ecuador | 5.0 | 3.9 | 3.6 | 4.5 | -3.5% |
| Trinidad and Tobago | 5.3 | 3.9 | 3.9 | 4.1 | -8.2% |
| Dominican Republic | 5.8 | 1.3 | 3.9 | 4.1 | -10.9% |
| Curacao | 1.1 | 1.9 | 3.5 | 3.8 | 51.2% |
| Chile | 2.0 | 3.7 | 3.1 | 2.2 | 3.2% |
| Venezuela | 2.4 | 0.1 | 0.5 | 0.9 | -27.9% |
| Bolivia | 0.2 | 0.4 | 0.7 | 0.7 | 51.8% |
| Jamaica | 0.1 | N/A | N/A | N/A | 0% |
| Others | 25.1 | 41.6 | 19.2 | 16.7 | -12.7% |
| Total | 63.0 | 73.4 | 56.4 | 64.9 | 1.0% |
Top Export Markets for Household Hand Tools from Colombia in 2022:
- Mexico (1678.0 kg)
- Trinidad and Tobago (760.0 kg)
- Japan (622.0 kg)
- Brazil (336.0 kg)
- Panama (302.0 kg)
- Australia (253.0 kg)
- Ecuador (233.0 kg)
- Venezuela (228.0 kg)
- Curacao (212.0 kg)
- Bolivia (209.0 kg)
- Dominican Republic (162.0 kg)
- Chile (141.0 kg)
- Jamaica (140.0 kg)
This report provides an in-depth analysis of the household hand tools market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733065 - Household hand tools
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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