Colombia Art and Craft Market Overview, 2029

The Columbia Art and Craft Market, commonly known as the Mercado de Artesanías de Usaquén, is a dynamic hub of creativity and commerce located in the heart of Bogotá, Colombia. This layout divided sellers into distinct divisions based on the types of crafts they sold, making it easier for visitors to navigate the market. Furthermore, the market began to hold regular events and workshops, which not only drew more visitors but also gave a venue for craftsmen to share their talents and expertise. The market underwent extensive renovations in 2005, including the creation of permanent stalls and upgraded infrastructure. This makeover not only improved the market's aesthetics, but also made it more accessible and comfortable for tourists. The Columbia Art and Craft Market follows a set of standards that assure fair trading practices and quality control. Vendors must get licenses and meet local government regulations. These laws contribute to the market's reputation for authenticity and quality, which is critical for attracting domestic and international buyers. It was forced to close briefly in March 2020, along with many other marketplaces and companies, to comply with government-mandated lockdown measures. The closure resulted in a major decline in sales and revenue for the craftsmen, many of whom depend completely on the market for a living. However, the market soon adjusted to the new reality. Many sellers have migrated to online sales platforms, including social media and e-commerce websites.

According to the research report "Columbia Art and Craft Market Overview, 2029," published by Bonafide Research, the Columbia Art and Craft market is anticipated to grow at more than 290% CAGR from 2024 to 2029. Domestic actors include craftsmen that make traditional Colombian crafts like Mochila bags, Wayuu fabrics, and pottery. These artists frequently acquire their materials locally, which benefits a network of suppliers and contributes to the local economy. While the Columbia Art and Craft Market largely serves the domestic market, it also participates in the export of Colombian products. Many overseas visitors buy products to bring back to their home countries, essentially exporting Colombian culture and workmanship. Furthermore, some craftsmen have formed partnerships with international stores, allowing them to export their goods on a wider scale. In 2015, the market collaborated with the Colombian Ministry of Culture to create a campaign to promote Colombian crafts globally. Recently, the market has partnered with local universities and art institutions to hold workshops and exhibitions. These collaborations not only promote the market, but also allow young artists and artisans to present their work and earn recognition. The market continues to develop thanks to innovation, collaboration, and a commitment to quality and authenticity, empowering local artisans and showcasing Colombian workmanship around the world.

The Columbia Art & Craft Market features a comprehensive selection of products that reflect Colombia's artistic heritage and ingenuity. Painting and drawing are popular categories in the market, with craftsmen demonstrating their abilities through a variety of materials. These artworks frequently feature Colombian landscapes, cultural motifs, and abstract designs. Local suppliers such as "Arte Colombiano" and "Pinceles de Colombia" supply high-quality paints, brushes, and canvases to these painters. Paper crafts are another popular category, with elaborate designs and creative applications of paper. Artisans make origami figurines, handmade greeting cards, and colourful paper lanterns. Suppliers such as "Papel Artesanal" and "Creaciones en Papel" provide a variety of specialised papers and crafting instruments to fulfil the demands of these artisans. The market also offers a variety of children's crafts. These include DIY jewelry-making kits, painting sets, and instructional toys. Suppliers like "Juguetes Educativos" and "Crafts para Niños" offer safe and entertaining items to promote creativity and learning in young brains. Distributors such as "Herramientas Artesanales" and "Instrumentos Creativos" make sure that artisans have access to the best tools for their skill. Painting and drawing are currently the most popular products in the Columbia Art and Craft Market. This is partly owing to the cultural importance of visual arts in Colombia, as well as the market's capacity to draw both domestic and international art fans.

The Columbia Art and Craft Market serves a wide range of applications, which are essentially divided into personal and commercial use. Commercial use is currently the most popular application in the Columbia Art and Craft Market. This is mostly due to an increase in demand from businesses seeking to distinguish themselves through unique and culturally relevant art and craft items. The commercial sector understands the need of incorporating original Colombian craftsmanship into their branding and customer experiences, as it not only improves their image but also benefits local craftsmen and the economy. Furthermore, the flexibility of providers to provide customisation and bulk orders makes business use a more profitable and scalable niche than personal use. Personal use applications account for a sizable portion of the industry, with people buying art and craft supplies for their homes, as gifts, or for personal hobbies. This area contains a diverse range of products, including ornamental paintings, handmade jewellery, personalised paper crafts, and DIY craft kits for adults and children. Domestic vendors such as "Arte para el Hogar" and "Regalos Artesanales" specialise in producing high-quality, one-of-a-kind things that cater to individual tastes and preferences. The demand for personal use products stems from a desire for authentic, culturally relevant things that provide a touch of Colombian heritage to personal spaces and gifts.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Art & craft products market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Painting and Drawing
• Paper Crafts
• Kids Crafts
• Arts and Crafts Tools
• Others

By Application
• Personal Use
• Commercial Use

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Art & craft products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.