Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $52 per unit, waning by -11.7% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $115 per unit. From 2016 to 2022, the average export prices remained 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 Panama ($132 per unit), while the average price for exports to Chile ($25 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-0.8%), while the prices for the other major destinations experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $47 per unit, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2017 when the average import price increased by 27%. As a result, import price attained the peak level of $61 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($106 per unit), while the price for China ($33 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Colombia soared to 664K units in 2022, picking up by 52% on the previous year. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 62%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $35M in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 71%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 5.6 | 6.3 | 12.9 | 35.4% |
| Panama | 5.8 | 1.8 | 4.7 | 6.5 | 3.9% |
| Chile | 2.0 | 3.3 | 5.7 | 3.3 | 18.2% |
| Mexico | 2.6 | 1.5 | 1.1 | 2.1 | -6.9% |
| Guatemala | 0.9 | 0.2 | 1.0 | 1.4 | 15.9% |
| Peru | 0.4 | 0.7 | 1.3 | 1.3 | 48.1% |
| Dominican Republic | 0.3 | 0.1 | 0.5 | 1.2 | 58.7% |
| Ecuador | 1.1 | 0.5 | 1.1 | 1.2 | 2.9% |
| Costa Rica | 0.7 | 0.3 | 1.4 | 0.8 | 4.6% |
| El Salvador | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Jamaica | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Honduras | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| United Kingdom | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
| Others | 1.7 | 0.6 | 1.4 | 2.1 | 7.3% |
| Total | 21.3 | 15.2 | 25.9 | 34.7 | 17.7% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Colombia in 2022:
- United States (134.2K units)
- Chile (131.8K units)
- Mexico (59.3K units)
- Guatemala (52.7K units)
- Panama (49.5K units)
- Peru (44.8K units)
- Costa Rica (30.3K units)
- Ecuador (28.6K units)
- El Salvador (27.5K units)
- Dominican Republic (18.9K units)
- United Kingdom (15.6K units)
- Honduras (13.6K units)
- Jamaica (13.3K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia
In 2022, imports of furniture; wooden, other than for office, kitchen or bedroom use into Colombia contracted markedly to 448K units, waning by -16.2% compared with the previous year's figure. Overall, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 535K units, and then fell notably in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use declined to $21M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of $22M, and then contracted modestly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 7.0 | 11.5 | 10.4 | 4.2% |
| Brazil | 4.6 | 3.7 | 5.8 | 4.8 | 1.4% |
| Canada | 0.7 | N/A | 0.8 | 1.2 | 19.7% |
| Spain | 0.8 | 1.8 | 0.3 | 0.6 | -9.1% |
| Malaysia | 0.7 | 0.6 | 0.4 | 0.4 | -17.0% |
| Others | 5.1 | 3.4 | 3.1 | 3.7 | -10.1% |
| Total | 21.0 | 16.6 | 21.8 | 21.0 | 0.0% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Colombia in 2022:
- China (313.7K units)
- Brazil (86.5K units)
- Canada (12.7K units)
- Malaysia (8.0K units)
- Spain (5.7K units)
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