Colombia: Ignition Coil Market 2025

Ignition Coil Market Size in Colombia

The Colombian ignition coil market fell significantly to $X in 2022, which is down by 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). Overall, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Ignition Coil Exports

Exports from Colombia

After three years of growth, shipments abroad of distributors and ignition coils decreased by X% to X units in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, ignition coil exports shrank to $X in 2022. Over the period under review, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X units), Ecuador (X units) and Costa Rica (X units) were the main destinations of ignition coil exports from Colombia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Ecuador ($X) and Venezuela ($X) constituted the largest markets for ignition coil exported from Colombia worldwide, together comprising X% of total exports.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average ignition coil export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Ecuador ($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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Ignition Coil Imports

Imports into Colombia

Ignition coil imports into Colombia dropped remarkably to X units in 2022, waning by X% on the previous year. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, ignition coil imports dropped dramatically to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest ignition coil supplier to Colombia, with a X% share of total imports. Moreover, ignition coil imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of distributors and ignition coils to Colombia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average ignition coil import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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