Report Update: May 1, 2024

Colombia - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights

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Plaits and Basketwork Price in Colombia - 2022

Plaits and Basketwork Price in Colombia (CIF) - 2022

The average plaits and basketwork import price stood at $8,744 per ton in February 2022, jumping by 133% against the previous month. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $11,263 per ton in August 2021; however, from September 2021 to February 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was China ($8,810 per ton), while the price for Vietnam totaled $8,437 per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced a decline.

Plaits and Basketwork Price in Colombia (FOB) - 2022

In February 2022, the average plaits and basketwork export price amounted to $82,765 per ton, with a decrease of -8.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 112% against the previous month. The export price peaked at $103K per ton in December 2021; however, from January 2022 to February 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Spain ($111K per ton), while the average price for exports to the United States ($56,495 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits and Basketwork Imports in Colombia

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into Colombia dropped significantly to 260 tons, which is down by -18.3% on the previous year. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year.

In value terms, plaits and basketwork imports fell rapidly to $1.5M in 2022. In general, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of $2M, and then reduced rapidly in the following year.

Import of Plaits and Basketwork in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,169	665	1,429	1,039	-3.9%
Vietnam	204	84.2	226	142	-11.4%
United States	52.1	70.6	54.7	77.3	14.1%
Indonesia	66.3	52.0	47.2	39.3	-16.0%
India	20.5	5.6	30.7	36.3	21.0%
Panama	63.4	7.0	36.7	27.0	-24.8%
Others	145	126	128	121	-5.9%
Total	1,720	1,010	1,952	1,481	-4.9%

Top Suppliers of Plaits and Basketwork to Colombia in 2022:

China (180.5 tons)
United States (32.8 tons)
Vietnam (14.1 tons)
India (7.8 tons)
Indonesia (7.3 tons)
Panama (5.5 tons)

Plaits and Basketwork Exports in Colombia

In 2022, approx. 105 tons of plaits, basketwork, wickerwork and similar products of plaiting materials were exported from Colombia; shrinking by -28.3% compared with the previous year's figure. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. As a result, the exports attained the peak of 147 tons, and then declined remarkably in the following year.

In value terms, plaits and basketwork exports fell notably to $2.1M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 208%. As a result, the exports reached the peak of $3.1M, and then declined significantly in the following year.

Export of Plaits and Basketwork in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	109	123	855	505	66.7%
United States	125	185	393	244	25.0%
Panama	67.7	95.5	302	221	48.3%
China	3.2	21.4	245	175	279.6%
Japan	102	106	404	166	17.6%
France	3.5	23.2	108	126	230.2%
Switzerland	110	76.5	63.3	49.6	-23.3%
Kuwait	2.2	25.6	34.0	20.3	109.7%
Canada	3.4	17.5	22.7	14.9	63.6%
Belgium	31.4	29.9	22.5	12.3	-26.8%
Saudi Arabia	17.4	13.1	5.1	10.3	-16.0%
Netherlands	3.8	1.7	4.0	7.9	27.6%
Aruba	0.7	3.2	9.1	5.6	100.0%
Others	421	299	680	528	7.8%
Total	1,000	1,021	3,149	2,085	27.8%

Top Export Markets for Plaits and Basketwork from Colombia in 2022:

Panama (49.5 tons)
United States (11.6 tons)
China (7.4 tons)
Spain (6.5 tons)
Canada (3.3 tons)
France (2.4 tons)
Saudi Arabia (2.0 tons)
Kuwait (1.7 tons)
Japan (1.7 tons)
Netherlands (1.6 tons)
Aruba (1.6 tons)
Switzerland (1.2 tons)
Belgium (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaits and basketwork 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 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023