Colombia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Colombia

The Colombian market for air conditioning machines for motor vehicles was estimated at $X in 2022, with an increase of 6.7% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Colombia

In value terms, motor vehicle air conditioning machine production totaled $X in 2022 estimated in export price. In general, production enjoyed strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 39%. Motor vehicle air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Colombia

Motor vehicle air conditioning machine exports from Colombia dropped to X units in 2022, which is down by -10.7% compared with 2021. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 121% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports dropped to $X in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 129%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for motor vehicle air conditioning machine exports from Colombia, with a 82% share of total exports. Moreover, motor vehicle air conditioning machine exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at -19.7%.

In value terms, Ecuador ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Colombia, comprising 80% of total exports. The second position in the ranking was held by Peru ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to -19.2%.

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 8.5%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Ecuador amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Colombia

In 2022, after two years of growth, there was significant decline in overseas purchases of air conditioning machines for motor vehicles, when their volume decreased by -33% to X units. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 133% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine imports shrank notably to $X in 2022. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 87%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle air conditioning machine to Colombia, with a 70% share of total imports. Moreover, motor vehicle air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was held by Mexico (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-24.3% per year) and Mexico (-18.1% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Colombia, comprising 55% of total imports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-23.3% per year) and the United States (-8.9% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, surging by 16% against the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of 32%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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