Colombia: Woven Carpet Market 2024

Woven Carpet Market Size in Colombia

In 2022, the Colombian woven carpet market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Woven Carpet Exports

Exports from Colombia

In 2022, the amount of woven carpets and other woven textile coverings exported from Colombia reduced markedly to X square meters, waning by X% against the previous year's figure. In general, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, woven carpet exports declined remarkably to $X in 2022. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid 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

The United States (X square meters) was the main destination for woven carpet exports from Colombia, accounting for a X% share of total exports. Moreover, woven carpet exports to the United States exceeded the volume sent to the second major destination, Germany (X square meters), twofold. The third position in this ranking was taken by Guatemala (X square meters), with a X% share.

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

In value terms, the largest markets for woven carpet exported from Colombia were the United States ($X), Mexico ($X) and Spain ($X), together accounting for X% of total exports. Germany, Guatemala, Costa Rica and Panama lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average woven carpet export price stood at $X per square meter in 2022, surging by X% against the previous year. In general, the export price continues to indicate a significant increase. 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 Spain ($X per square meter), while the average price for exports to Panama ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Colombia

In 2022, supplies from abroad of woven carpets and other woven textile coverings increased by X% to X square meters, rising for the second year in a row after two years of decline. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, woven carpet imports dropped to $X in 2022. Overall, imports saw a pronounced expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Turkey (X square meters), China (X square meters) and Egypt (X square meters) were the main suppliers of woven carpet imports to Colombia, with a combined X% share of total imports. India, Belgium, Ecuador and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest woven carpet suppliers to Colombia were Turkey ($X), Egypt ($X) and China ($X), together accounting for X% of total imports. India, Belgium, Ecuador and the Netherlands lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for the Netherlands ($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 Ecuador (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :