Colombia: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Colombia

In 2021, the Colombian digital data processing machine market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, faced a abrupt setback. Digital data processing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Colombia

In 2021, exports of digital data processing machines: presented in the form of systems from Colombia surged to X units, with an increase of 3,427% compared with 2020 figures. In general, exports saw a buoyant increase. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, digital data processing machine exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Panama (X units), China (X units) and the United States (X units) were the main destinations of digital data processing machine exports from Colombia, together comprising 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +779.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for digital data processing machine exported from Colombia were the United States ($X), Panama ($X) and China ($X), with a combined 86% share of total exports.

China, with a CAGR of +868.0%, saw the highest growth rate of the value of exports, among 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 2021, the average digital data processing machine export price amounted to $X per unit, with a decrease of -19.3% against the previous year. Over the period under review, the export price, however, posted moderate growth. The growth pace was the most rapid in 2019 an increase of 175% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ecuador ($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 Uruguay (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Colombia

In 2021, overseas purchases of digital data processing machines: presented in the form of systems increased by 101% to X units, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, digital data processing machine imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of digital data processing machine to Colombia, accounting for a 74% share of total imports. Moreover, digital data processing machine imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), fivefold. The third position in this ranking was held by Mexico (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (-15.7% per year) and Mexico (-20.3% per year).

In value terms, China ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to Colombia, comprising 68% of total imports. The second position in the ranking was taken by Free Zones ($X), with a 15% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (-14.7% per year) and Mexico (-21.6% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, reducing by -26.9% against the previous year. Over the period under review, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+58.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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