Colombia: Market for Cabinets And Cases For Transmission And Reception Apparatus 2024

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Colombia

In 2021, the Colombian receivers and transmitters case market decreased by -37.2% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, saw resilient growth. Receivers and transmitters case consumption peaked at $X in 2020, and then reduced markedly in the following year.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Colombia

In 2021, approx. X units of cabinets and cases for transmission and reception apparatus were exported from Colombia; reducing by -28% on the previous year. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 983%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, receivers and transmitters case exports expanded significantly to $X in 2021. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1,072% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for receivers and transmitters case exports from Colombia, with a 52% share of total exports. Moreover, receivers and transmitters case exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was taken by Peru (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+12.2% per year) and Peru (+38.1% per year).

In value terms, the United States ($X) remains the key foreign market for cabinets and cases for transmission and reception apparatus exports from Colombia, comprising 78% of total exports. The second position in the ranking was held by Peru ($X), with a 4.3% share of total exports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+22.6% per year) and South Korea (+10.7% per year).

Export Prices by Country

The average receivers and transmitters case export price stood at $X per unit in 2021, surging by 50% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Colombia

In 2021, overseas purchases of cabinets and cases for transmission and reception apparatus decreased by -35.1% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 46%. Over the period under review, imports hit record highs at X units in 2020, and then reduced notably in the following year.

In value terms, receivers and transmitters case imports fell markedly to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 64%. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of receivers and transmitters case to Colombia, accounting for a 94% share of total imports. Moreover, receivers and transmitters case imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+45.9% per year) and South Korea (+0.4% per year).

In value terms, China ($X) constituted the largest supplier of cabinets and cases for transmission and reception apparatus to Colombia, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total imports. It was followed by Mexico, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.2% per year) and Mexico (+29.2% per year).

Import Prices by Country

The average receivers and transmitters case import price stood at $X per unit in 2021, falling by -4.3% against the previous year. In general, the import price recorded a drastic downturn. The growth pace was the most rapid in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform