Colombia: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Colombia

In 2023, after six years of growth, there was significant decline in the Colombian hand-woven tapestry market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw noticeable growth. Hand-woven tapestry consumption peaked at $X in 2022, and then dropped in the following year.

Hand-Woven Tapestry Production in Colombia

In value terms, hand-woven tapestry production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Hand-Woven Tapestry Exports

Exports from Colombia

In 2023, after six years of decline, there was significant growth in shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, when their volume increased by X% to X square meters. Over the period under review, exports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, hand-woven tapestry exports surged to $X in 2023. Overall, exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for hand-woven tapestry exports from Colombia, with a X% share of total exports. Moreover, hand-woven tapestry exports to the United States exceeded the volume sent to the second major destination, Australia (X square meters), fourfold. The third position in this ranking was taken by Spain (X square meters), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Australia (X% per year).

Export Prices by Country

In 2023, the average hand-woven tapestry export price amounted to $X per square meter, therefore, remained relatively stable against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Woven Tapestry Imports

Imports into Colombia

After four years of growth, supplies from abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais decreased by X% to X square meters in 2023. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, hand-woven tapestry imports declined to $X in 2023. In general, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Spain (X square meters) constituted the largest supplier of hand-woven tapestry to Colombia, accounting for a X% share of total imports. Moreover, hand-woven tapestry imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X square meters), eightfold. Ecuador (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Ecuador (X% per year).

In value terms, Spain ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Colombia, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Ecuador, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Ecuador (X% per year).

Import Prices by Country

The average hand-woven tapestry import price stood at $X per square meter in 2023, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per square meter in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Peru ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform