Colombia: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Colombia

The Colombian gas and smoke analyser market rose notably to $X in 2021, growing by 8.3% 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 enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Gas and Smoke Analysers

Exports from Colombia

In 2021, gas and smoke analyser exports from Colombia dropped markedly to X units, reducing by -75.3% on the previous year's figure. Over the period under review, exports, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2014 with an increase of 89%. The exports peaked at X units in 2020, and then fell rapidly in the following year.

In value terms, gas and smoke analyser exports dropped dramatically to $X in 2021. In general, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2020 when exports increased by 164%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Trinidad and Tobago (X units), Nicaragua (X units) and the United States (X units) were the main destinations of gas and smoke analyser exports from Colombia, together accounting for 70% 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 Trinidad and Tobago (with a CAGR of +69.4%), while the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X), the United States ($X) and Brazil ($X) were the largest markets for gas and smoke analyser exported from Colombia worldwide, with a combined 70% share of total exports.

Trinidad and Tobago, with a CAGR of +95.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 gas and smoke analyser export price stood at $X per unit in 2021, reducing by -20.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 209%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Sweden ($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 Brazil (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gas and Smoke Analysers

Imports into Colombia

For the third consecutive year, Colombia recorded growth in purchases abroad of gas and smoke analysers, which increased by 6.1% to X units in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 102%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, gas and smoke analyser imports expanded markedly to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 81%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest gas and smoke analyser supplier to Colombia, accounting for a 26% share of total imports. Moreover, gas and smoke analyser imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Japan (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and Japan (+13.3% per year).

In value terms, the United States ($X) constituted the largest supplier of gas and smoke analysers to Colombia, comprising 27% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and China (+11.5% per year).

Import Prices by Country

The average gas and smoke analyser import price stood at $X per unit in 2021, surging by 5.5% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 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, the country with the highest price was Canada ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :