Colombia - Furniture Of Plastic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Furniture Price in Colombia - 2022
Contents:
- Plastic Furniture Price in Colombia (FOB) - 2022
- Plastic Furniture Price in Colombia (CIF) - 2022
- Plastic Furniture Exports in Colombia
- Plastic Furniture Imports in Colombia
Plastic Furniture Price in Colombia (FOB) - 2022
The average plastic furniture export price stood at $11 per unit in 2022, shrinking by -4.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.5%. The export price peaked at $14 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($12 per unit) and Bolivia ($12 per unit), while the average price for exports to Chile ($10 per unit) and Uruguay ($10 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Furniture Price in Colombia (CIF) - 2022
In February 2022, the average plastic furniture import price amounted to $11.4 per unit, reducing by -23.6% against the previous month. Over the period under review, import price indicated a tangible expansion from February 2021 to February 2022: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, plastic furniture import price increased by +10.0% against December 2021 indices. The growth pace was the most rapid in January 2022 an increase of 44% m-o-m. As a result, import price attained the peak level of $14.9 per unit, and then reduced markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($38.3 per unit), while the price for China ($10.1 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Furniture Exports in Colombia
In 2022, the amount of furniture of plastic exported from Colombia expanded significantly to 757K units, picking up by 6.4% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 8.9%. As a result, the exports reached the peak of 803K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plastic furniture exports expanded to $8.1M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $8.2M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Export of Plastic Furniture in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 952 | 1,905 | 1,543 | 1,594 | 18.7% |
Chile | 670 | 1,008 | 1,210 | 1,250 | 23.1% |
Peru | 1,028 | 1,269 | 1,127 | 1,165 | 4.3% |
Panama | 1,396 | 651 | 827 | 855 | -15.1% |
Dominican Republic | 669 | 721 | 800 | 826 | 7.3% |
Ecuador | 1,495 | 820 | 599 | 632 | -24.9% |
Mexico | 196 | 167 | 232 | 240 | 7.0% |
Costa Rica | 220 | 207 | 208 | 215 | -0.8% |
El Salvador | 212 | 280 | 195 | 201 | -1.8% |
Honduras | 111 | 225 | 170 | 176 | 16.6% |
Bolivia | 324 | 61.1 | 163 | 169 | -19.5% |
Uruguay | 107 | 169 | 132 | 136 | 8.3% |
Others | 673 | 730 | 685 | 591 | -4.2% |
Total | 8,053 | 8,213 | 7,890 | 8,051 | -0.0% |
Top Export Markets for Plastic Furniture from Colombia in 2022:
- United States (144.4K units)
- Chile (124.6K units)
- Peru (113.0K units)
- Panama (81.0K units)
- Dominican Republic (78.5K units)
- Ecuador (60.0K units)
- Mexico (23.1K units)
- Costa Rica (18.4K units)
- El Salvador (16.9K units)
- Honduras (16.2K units)
- Bolivia (14.4K units)
- Uruguay (13.5K units)
Plastic Furniture Imports in Colombia
In 2022, the amount of furniture of plastic imported into Colombia declined to 642K units, waning by -3.9% against the year before. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.3% against the previous year. Over the period under review, imports attained the maximum at 688K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plastic furniture imports fell to $6M in 2022. Over the period under review, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $7.1M, and then fell in the following year.
Import of Plastic Furniture in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.1 | 3.7 | 5.0 | 4.2 | 0.8% |
United States | 0.8 | 0.4 | 0.6 | 0.5 | -14.5% |
Italy | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Taiwan (Chinese) | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
Others | 1.3 | 0.6 | 1.0 | 0.9 | -11.5% |
Total | 6.5 | 5.0 | 7.1 | 6.0 | -2.6% |
Top Suppliers of Plastic Furniture to Colombia in 2022:
- China (532.6K units)
- United States (25.3K units)
- Italy (25.1K units)
- Taiwan (Chinese) (9.6K units)
This report provides an in-depth analysis of the plastic furniture 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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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