Colombia: Carpet Market 2024

Carpet Market Size in Colombia

In 2022, the Colombian carpet market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Carpet consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Carpet Exports

Exports from Colombia

In 2022, exports of carpets and other textile floor coverings from Colombia fell significantly to X square meters, with a decrease of X% compared with 2021 figures. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X square meters), the United States (X square meters) and Ecuador (X square meters) were the main destinations of carpet exports from Colombia, with a combined X% share of total exports. Germany, Guatemala, Panama and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, jumping by X% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while the average price for exports to Peru ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Carpet Imports

Imports into Colombia

In 2022, imports of carpets and other textile floor coverings into Colombia dropped slightly to X square meters, waning by X% on the previous year. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, carpet imports amounted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest carpet supplier to Colombia, with a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), threefold. Egypt (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Colombia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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