Colombia: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Colombia

The Colombian electrical signalling apparatus market declined to $X in 2022, with a decrease of -7% 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 saw a perceptible decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Colombia

In 2022, exports of electrical apparatus for sound or visual signalling from Colombia declined notably to X units, with a decrease of -31.3% compared with the previous year's figure. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 153% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports shrank significantly to $X in 2022. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 163% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X units) was the main destination for electrical signalling apparatus exports from Colombia, with a 62% share of total exports. Moreover, electrical signalling apparatus exports to Peru exceeded the volume sent to the second major destination, Ecuador (X units), fourfold. Costa Rica (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-6.9% per year) and Costa Rica (+5.7% per year).

In value terms, Peru ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Colombia, comprising 63% of total exports. The second position in the ranking was held by Ecuador ($X), with a 17% share of total exports. It was followed by Guatemala, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-11.0% per year) and Guatemala (-0.6% per year).

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 Chile ($X per unit), while the average price for exports to Costa Rica ($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 Chile (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Signalling Apparatus Imports

Imports into Colombia

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported into Colombia; dropping by -7.7% on the previous year's figure. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +63.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, electrical signalling apparatus imports contracted to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Colombia, with a 90% share of total imports. It was followed by the United States (X units), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.9% per year) and Mexico (-3.1% per year).

In value terms, the largest electrical signalling apparatus suppliers to Colombia were China ($X), the United States ($X) and Mexico ($X), together comprising 72% of total imports.

China, with a CAGR of -3.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, declining by -1.7% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 5.7% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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