Colombia: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Colombia

The Colombian telephone apparatus market surged to $X in 2022, with an increase of 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +109.7% against 2020 indices. Telephone apparatus consumption peaked in 2022 and is expected to retain growth in the immediate term.

Telephone Apparatus Exports

Exports from Colombia

In 2022, the amount of telephone apparatus exported from Colombia rose modestly to X tons, with an increase of 1.7% on the year before. In general, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, telephone apparatus exports fell to $X in 2022. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 83% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for telephone apparatus exports from Colombia, accounting for a 81% share of total exports. Moreover, telephone apparatus exports to Free Zones exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was taken by Mexico (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Free Zones stood at +337.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.2% per year) and Mexico (+44.4% per year).

In value terms, the United States ($X) remains the key foreign market for telephone apparatus exports from Colombia, comprising 45% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+132.7% per year) and Mexico (+24.3% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, surging by 33% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 168%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.3%), while the prices for the other major destinations experienced a decline.

Telephone Apparatus Imports

Imports into Colombia

Telephone apparatus imports into Colombia stood at X tons in 2022, growing by 8.2% on 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports surged to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +141.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Colombia, with a 37% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), tenfold. The third position in this ranking was taken by Mexico (X tons), with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+24.4% per year) and Mexico (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Colombia, comprising 71% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by Mexico, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+53.9% per year) and Mexico (-14.8% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, rising by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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