Report Update Nov 1, 2024

Colombia - Electric Heating Resistors - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Colombia

The Colombian electric heating resistor market surged to $X in 2021, rising by 35% 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). Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Exports

Exports from Colombia

In 2021, the amount of electric heating resistors exported from Colombia soared to X units, with an increase of 777% on the year before. In general, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. Overall, exports posted measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X units) was the main destination for electric heating resistor exports from Colombia, with a 75% share of total exports. Moreover, electric heating resistor exports to Argentina exceeded the volume sent to the second major destination, Guatemala (X units), sixfold. The third position in this ranking was taken by Mexico (X units), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at +266.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+56.2% per year) and Mexico (-9.0% per year).

In value terms, Argentina ($X) emerged as the key foreign market for electric heating resistors exports from Colombia, comprising 68% of total exports. The second position in the ranking was held by Guatemala ($X), with an 11% share of total exports. It was followed by Honduras, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +283.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+76.6% per year) and Honduras (+2.5% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, falling by -21.5% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Mexico ($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 Cuba (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Colombia

In 2021, supplies from abroad of electric heating resistors increased by 57% to X units, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and Brazil (X units) were the main suppliers of electric heating resistor imports to Colombia, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of electric heating resistors to Colombia, comprising 50% of total imports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Mexico stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+41.5% per year) and China (+1.3% per year).

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, falling by -12.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric heating resistors in the world?

The countries with the highest volumes of electric heating resistor consumption in 2021 were China, South Africa and India, with a combined 54% share of global consumption. The United States, Mexico, Japan, Pakistan and Italy lagged somewhat behind, together comprising a further 23%.

What are the largest producers of electric heating resistors in the world?

The country with the largest volume of electric heating resistor production was China, comprising approx. 36% of total volume. Moreover, electric heating resistor production in China exceeded the figures recorded by the second-largest producer, India, threefold. Mexico ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of electric heating resistors to Colombia?

In value terms, Mexico constituted the largest supplier of electric heating resistor to Colombia, comprising 47% of total imports. The second position in the ranking was occupied by Brazil, with a 17% share of total imports. It was followed by the United States, with a 9.5% share.

What are the leading importers of electric heating resistors from Colombia?

In value terms, the largest markets for electric heating resistor exported from Colombia were Honduras, Ecuador and Guatemala, with a combined 60% share of total exports.

What is the average export price for electric heating resistors in Colombia?

In 2021, the average electric heating resistor export price amounted to $2.1 per unit, dropping by -51.8% against the previous year.

What is the average import price for electric heating resistors in Colombia?

The average electric heating resistor import price stood at $0.7 per unit in 2021, with a decrease of -51.1% against the previous year.

This report provides an in-depth analysis of the electric heating resistor market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27512900 - Electric heating resistors (excluding of carbon)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023