Colombia: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Colombia

The Colombian metal gas appliances market plummeted to $X in 2022, waning by -33.8% 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 deep reduction. Metal gas appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metal Gas Appliances Exports

Exports from Colombia

Metal gas appliances exports from Colombia contracted significantly to X units in 2022, which is down by -22.9% compared with 2021 figures. In general, exports saw a noticeable contraction. The growth pace was the most rapid in 2019 with an increase of 530% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal gas appliances exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 384%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), Honduras (X units) and Costa Rica (X units) were the main destinations of metal gas appliances exports from Colombia, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +43.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Panama ($X) and Costa Rica ($X) constituted the largest markets for metal gas appliances exported from Colombia worldwide, together accounting for 89% of total exports.

Honduras, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average metal gas appliances export price amounted to $X per unit, which is down by -7.3% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 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 Honduras ($X per unit), while the average price for exports to Panama ($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 Costa Rica (-0.9%), while the prices for the other major destinations experienced a decline.

Metal Gas Appliances Imports

Imports into Colombia

In 2022, the amount of iron or steel gas domestic appliances imported into Colombia fell sharply to X units, with a decrease of -32% compared with the previous year. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 217%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal gas appliances imports dropped significantly to $X in 2022. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 206%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main metal gas appliances supplier to Colombia, with a 91% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and Spain (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Colombia, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.9% per year) and Spain (+7.7% per year).

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, increasing by 7% against the previous year. In general, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the average import price increased by 111% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average 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 ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :