Colombia: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Colombia

The Colombian electric oven and cooker market fell notably to $X in 2022, declining by -18.6% 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, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2021, and then declined dramatically in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Colombia

After two years of growth, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -14.8% to X units in 2022. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 48%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric oven and cooker exports reduced rapidly to $X in 2022. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for electric oven and cooker exports from Colombia, with a 63% share of total exports. Moreover, electric oven and cooker exports to Honduras exceeded the volume sent to the second major destination, Venezuela (X units), threefold. Brazil (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-17.3% per year) and Brazil (-7.7% per year).

In value terms, Brazil ($X), Honduras ($X) and Venezuela ($X) were the largest markets for electric oven and cooker exported from Colombia worldwide, together accounting for 90% of total exports.

Brazil, with a CAGR of -5.3%, 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 a decline.

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, which is down by -7.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Venezuela ($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 Brazil (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Colombia

In 2022, imports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters into Colombia shrank markedly to X units, declining by -18.2% on the year before. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 56%. Over the period under review, imports attained the maximum at X units in 2021, and then contracted notably in the following year.

In value terms, electric oven and cooker imports dropped significantly to $X in 2022. Overall, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of electric oven and cooker to Colombia, accounting for a 93% share of total imports. It was followed by Mexico (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.3%.

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Colombia, comprising 63% of total imports. The second position in the ranking was held by Mexico ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.9%.

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.3%).

Source: IndexBox Platform

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