Colombia - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Colombia - 2022
Contents:
- MDF Price in Colombia (CIF) - 2022
- MDF Price in Colombia (FOB) - 2022
- MDF Imports in Colombia
- MDF Exports in Colombia
MDF Price in Colombia (CIF) - 2022
The average MDF import price stood at $364 per cubic meter in 2022, falling by -7.6% against the previous year. In general, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of 19% against the previous year. The import price peaked at $506 per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Germany ($770 per cubic meter), while the price for Venezuela ($225 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Colombia (FOB) - 2022
The average MDF export price stood at $642 per cubic meter in 2022, falling by -9.2% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, MDF export price increased by +9.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The export price peaked at $910 per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,542 per cubic meter), while the average price for exports to Haiti ($45 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in Colombia
After three years of growth, overseas purchases of MDF decreased by -3.4% to 123K cubic meters in 2022. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.3% against the previous year. As a result, imports attained the peak of 128K cubic meters, and then dropped modestly in the following year.
In value terms, MDF imports declined to $45M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $50M, and then contracted in the following year.
| Import of MDF in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 12.8 | 12.0 | 15.0 | 13.5 | 1.8% |
| Chile | 8.5 | 8.7 | 5.8 | 6.5 | -8.6% |
| China | 4.3 | 3.9 | 7.6 | 6.3 | 13.6% |
| Germany | 3.6 | 3.7 | 7.3 | 6.0 | 18.6% |
| Thailand | 1.4 | 1.5 | 2.5 | 2.2 | 16.3% |
| Turkey | 1.5 | 1.8 | 2.8 | 2.1 | 11.9% |
| Ecuador | 2.9 | 2.7 | 1.5 | 1.9 | -13.1% |
| Others | 5.9 | 5.1 | 7.8 | 6.5 | 3.3% |
| Total | 40.9 | 39.5 | 50.4 | 45.0 | 3.2% |
Top Suppliers of MDF to Colombia in 2022:
- Brazil (55.3K cubic meters)
- Chile (19.5K cubic meters)
- China (15.2K cubic meters)
- Germany (7.7K cubic meters)
- Thailand (5.9K cubic meters)
- Ecuador (5.9K cubic meters)
- Turkey (3.9K cubic meters)
MDF Exports in Colombia
MDF exports from Colombia rose markedly to 1.1K cubic meters in 2022, increasing by 14% on the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 178% against the previous year. As a result, the exports attained the peak of 1.3K cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, MDF exports expanded slightly to $726K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 80%. As a result, the exports attained the peak of $749K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of MDF in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 37.8 | 428 | 377 | 322 | 104.2% |
| Panama | 131 | 20.7 | 91.9 | 121 | -2.6% |
| Venezuela | 54.4 | 152 | 81.4 | 115 | 28.3% |
| United States | 20.6 | 20.9 | 88.8 | 81.5 | 58.2% |
| Honduras | 19.2 | 48.3 | 28.8 | 40.5 | 28.2% |
| Dominican Republic | 8.5 | 18.9 | 10.3 | 13.2 | 15.8% |
| Costa Rica | 2.9 | 19.1 | 8.4 | 11.8 | 59.6% |
| Cuba | 34.3 | 2.0 | 0.1 | 0.1 | -85.7% |
| Others | 108 | 39.1 | 16.7 | 21.5 | -41.6% |
| Total | 417 | 749 | 703 | 726 | 20.3% |
Top Export Markets for MDF from Colombia in 2022:
- Ecuador (533.0 cubic meters)
- Venezuela (163.0 cubic meters)
- Panama (136.0 cubic meters)
- Honduras (131.0 cubic meters)
- Dominican Republic (41.0 cubic meters)
- Costa Rica (33.0 cubic meters)
- United States (23.0 cubic meters)
- Cuba (1.0 cubic meters)
This report provides an in-depth analysis of the mdf 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:
- FCL 1648 - MDF/HDF
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
-
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
-
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
-
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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