Colombia - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Colombia - 2022
Contents:
- Metal Domestic Furniture Price in Colombia (CIF) - 2022
- Metal Domestic Furniture Price in Colombia (FOB) - 2022
- Metal Domestic Furniture Imports in Colombia
- Metal Domestic Furniture Exports in Colombia
Metal Domestic Furniture Price in Colombia (CIF) - 2022
The average metal domestic furniture import price stood at $4,720 per ton in February 2022, picking up by 6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.9%. The pace of growth was the most pronounced in April 2021 when the average import price increased by 24% month-to-month. Over the period under review, average import prices hit record highs at $4,908 per ton in December 2021; however, from January 2022 to February 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($4,323 per ton), while the price for China stood at $4,152 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.6%).
Metal Domestic Furniture Price in Colombia (FOB) - 2022
The average metal domestic furniture export price stood at $5,690 per ton in February 2022, which is down by -7.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 an increase of 44% against the previous month. As a result, the export price reached the peak level of $8,899 per ton. From June 2021 to February 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($11,497 per ton), while the average price for exports to Panama ($3,575 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Imports in Colombia
In 2022, the amount of metal furniture imported into Colombia declined significantly to 9.9K tons, falling by -61.9% against 2021. Over the period under review, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports attained the peak of 26K tons, and then fell sharply in the following year.
In value terms, metal domestic furniture imports shrank markedly to $45M in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $108M, and then declined dramatically in the following year.
| Import of Metal Domestic Furniture in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.9 | 52.8 | 89.4 | 30.9 | -15.3% |
| Canada | 1.8 | 0.6 | 2.2 | 2.8 | 15.9% |
| United States | 7.2 | 3.4 | 5.9 | 2.3 | -31.6% |
| Italy | 1.5 | 1.2 | 1.6 | 2.0 | 10.1% |
| Spain | 1.7 | 2.8 | 1.3 | 1.2 | -11.0% |
| Brazil | 1.2 | 1.2 | 2.0 | 1.1 | -2.9% |
| Slovakia | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 8.3 | 4.7 | 5.0 | 4.6 | -17.9% |
| Total | 72.9 | 67.0 | 108 | 45.3 | -14.7% |
Top Suppliers of Metal Domestic Furniture to Colombia in 2022:
- China (7.8K tons)
- Canada (0.7K tons)
- Brazil (0.2K tons)
- Italy (0.2K tons)
- United States (0.2K tons)
- Slovakia (0.2K tons)
- Spain (0.2K tons)
Metal Domestic Furniture Exports in Colombia
In 2022, shipments abroad of metal furniture was finally on the rise to reach 2.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep downturn.
In value terms, metal domestic furniture exports skyrocketed to $19M in 2022. Over the period under review, exports, however, saw a deep downturn.
| Export of Metal Domestic Furniture in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.3 | 6.9 | 4.2 | 5.2 | -20.4% |
| Ecuador | 1.4 | 1.9 | 1.6 | 2.9 | 27.5% |
| Mexico | 0.7 | 0.5 | 1.4 | 1.8 | 37.0% |
| Panama | 2.5 | 1.4 | 1.9 | 1.7 | -12.1% |
| Guatemala | 0.6 | 0.3 | 0.8 | 1.2 | 26.0% |
| Dominican Republic | 0.3 | 0.1 | 1.2 | 1.2 | 58.7% |
| Chile | 1.6 | 0.7 | 1.8 | 0.8 | -20.6% |
| Peru | 0.7 | 0.7 | 0.2 | 0.4 | -17.0% |
| Brazil | 1.0 | 0.5 | N/A | N/A | -50.0% |
| Others | 2.6 | 3.2 | 2.5 | 3.2 | 7.2% |
| Total | 21.6 | 16.3 | 15.6 | 18.6 | -4.9% |
Top Export Markets for Metal Domestic Furniture from Colombia in 2022:
- United States (687.1 tons)
- Ecuador (538.4 tons)
- Guatemala (232.3 tons)
- Panama (179.6 tons)
- Mexico (175.7 tons)
- Dominican Republic (145.9 tons)
- Chile (123.4 tons)
- Peru (52.3 tons)
- Brazil (7.1 tons)
This report provides an in-depth analysis of the metal domestic 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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
-
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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