Colombia: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Colombia

Exports of iron or steel doors, thresholds for doors and windows from Colombia soared to X units in 2022, jumping by 25% against the previous year. Over the period under review, exports, however, recorded a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 262%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of iron or steel doors, thresholds for doors and windows surged to $X in 2022. In general, exports, however, recorded a slight decline. The pace of growth was the most pronounced in 2016 with an increase of 189%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of iron or steel doors, thresholds for doors and windows from Colombia, with a 47% share of total exports. Moreover, exports of iron or steel doors, thresholds for doors and windows to the United States exceeded the volume sent to the second major destination, Costa Rica (X units), twofold. The third position in this ranking was held by Peru (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+37.0% per year) and Peru (+39.6% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel doors, thresholds for doors and windows exports from Colombia, comprising 46% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 19% share of total exports. It was followed by Ecuador, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+32.4% per year) and Ecuador (-13.8% per year).

Export Prices by Country

In 2022, the average export price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, picking up by 4.8% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel doors, thresholds for doors and windows decreased by -39.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 86%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Venezuela ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Colombia

Imports of iron or steel doors, thresholds for doors and windows into Colombia dropped significantly to X units in 2022, declining by -25.1% on the previous year's figure. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, imports of iron or steel doors, thresholds for doors and windows contracted significantly to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +47.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Spain (X units), China (X units) and Israel (X units) were the main suppliers of imports of iron or steel doors, thresholds for doors and windows to Colombia, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel window and door suppliers to Colombia were Spain ($X), China ($X) and the United States ($X), with a combined 77% share of total imports.

Among the main suppliers, Spain, with a CAGR of +36.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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