Colombia: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Colombia

The Colombian dentist or barber chair market reduced remarkably to $X in 2022, shrinking by -16.1% 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 a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +23.7% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Exports of Dentist And Barber Chairs

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of dentist and barber chairs, when their volume decreased by -7.5% to X units. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 291% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dentist or barber chair exports declined to $X in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 399%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for dentist or barber chair exports from Colombia, accounting for a 35% share of total exports. Moreover, dentist or barber chair exports to Chile exceeded the volume sent to the second major destination, Ecuador (X units), threefold. Guatemala (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-4.7% per year) and Guatemala (+15.9% per year).

In value terms, Chile ($X) remains the key foreign market for dentist and barber chairs exports from Colombia, comprising 32% of total exports. The second position in the ranking was taken by Peru ($X), with a 16% share of total exports. It was followed by Ecuador, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+23.3% per year) and Ecuador (-15.3% per year).

Export Prices by Country

In 2022, the average dentist or barber chair export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Curacao ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dentist And Barber Chairs

Imports into Colombia

In 2022, the amount of dentist and barber chairs imported into Colombia contracted to X units, reducing by -13.9% compared with 2021. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, dentist or barber chair imports reduced notably to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +25.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest dentist or barber chair supplier to Colombia, with a 89% share of total imports. It was followed by Brazil (X units), with a 2.5% share of total imports. The United States (X units) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.6% per year) and the United States (-16.4% per year).

In value terms, China ($X) constituted the largest supplier of dentist and barber chairs to Colombia, comprising 60% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.4% share of total imports. It was followed by Italy, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.2% per year) and Italy (+7.8% per year).

Import Prices by Country

In 2022, the average dentist or barber chair import price amounted to $X per unit, waning by -3.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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