Colombia: Electronic Chip Market 2025

Electronic Chip Market Size in Colombia

The Colombian electronic chip market stood at $X in 2021, rising by 6.1% 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 buoyant increase. Electronic chip consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Electronic Chip Exports

Exports from Colombia

In 2021, approx. X units of electronic chips were exported from Colombia; jumping by 158% against 2020. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip exports skyrocketed to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electronic chip exports from Colombia, accounting for a 43% share of total exports. Moreover, electronic chip exports to the United States exceeded the volume sent to the second major destination, Ecuador (X units), threefold. The third position in this ranking was held by Panama (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+9.2% per year) and Panama (+31.9% per year).

In value terms, the United States ($X) remains the key foreign market for electronic chips exports from Colombia, comprising 58% of total exports. The second position in the ranking was taken by Brazil ($X), with a 9.9% share of total exports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+19.8% per year) and China (+17.3% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, waning by -13.9% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Panama (less than $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 the Netherlands (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Colombia

In 2021, approx. X units of electronic chips were imported into Colombia; reducing by -7.5% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 143%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of 190% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of electronic chip imports to Colombia, together accounting for 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electronic chips to Colombia, comprising 39% of total imports. The second position in the ranking was held by Mexico ($X), with an 11% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+26.2% per year) and the United States (-3.7% per year).

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, picking up by 32% against the previous year. In general, the import price posted strong growth. The growth pace was the most rapid in 2014 an increase of 57%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Mexico ($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 (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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