Colombia: Wooden Door Market 2024

Wooden Door Market Size in Colombia

In 2021, after seven years of growth, there was decline in the Colombian wooden door market, when its value decreased by -1.7% to $X. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +101.2% against 2013 indices. Wooden door consumption peaked at $X in 2020, and then shrank in the following year.

Wooden Door Production in Colombia

In value terms, wooden door production fell modestly to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +104.7% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24%. Wooden door production peaked at $X in 2020, and then declined modestly in the following year.

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Wooden Door Exports

Exports from Colombia

In 2021, the amount of doors and their frames and thresholds of wood exported from Colombia rose significantly to X units, with an increase of 12% against the previous year. Overall, exports, however, recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 66% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wooden door exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 65%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wooden door exports from Colombia, with a 75% share of total exports. Moreover, wooden door exports to the United States exceeded the volume sent to the second major destination, Panama (X units), sixfold. Cayman Islands (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+44.2% per year) and Cayman Islands (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from Colombia, comprising 57% of total exports. The second position in the ranking was held by Ecuador ($X), with a 23% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+15.3% per year) and Panama (+54.0% per year).

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, picking up by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+33.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Door Imports

Imports into Colombia

In 2021, approx. X units of doors and their frames and thresholds of wood were imported into Colombia; dropping by -15.6% on 2020 figures. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wooden door imports reduced to $X in 2021. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 75%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Guatemala (X units) constituted the largest wooden door supplier to Colombia, with a 69% share of total imports. Moreover, wooden door imports from Guatemala exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The third position in this ranking was taken by Chile (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Guatemala stood at +153.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+29.2% per year) and Chile (-28.0% per year).

In value terms, the largest wooden door suppliers to Colombia were Guatemala ($X), Spain ($X) and Chile ($X), together accounting for 96% of total imports.

Guatemala, with a CAGR of +153.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, picking up by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2015 an increase of 14%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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