Colombia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Colombia

The Colombian market for instrument panel and wall clocks contracted sharply to $X in 2020, with a decrease of -X% 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). In general, consumption showed a pronounced decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Colombia

In 2020, shipments abroad of instrument panel and wall clocks increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Exports peaked at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports dropped notably to $X in 2020. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Ecuador (X tons) and Paraguay (X tons) were the main destinations of instrument panel and wall clock exports from Colombia, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ecuador ($X) and Paraguay ($X) were the largest markets for instrument panel and wall clock exported from Colombia worldwide, with a combined X% share of total exports.

Paraguay (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, which is down by -X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instrument Panel And Wall Clocks

Imports into Colombia

In 2020, instrument panel and wall clock imports into Colombia dropped notably to X tons, falling by -X% on the previous year's figure. Overall, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports contracted rapidly to $X in 2020. In general, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) was the main supplier of instrument panel and wall clock to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, import price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

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