Report Update Nov 1, 2024

Colombia - Magnetic Media, not Recorded, Except Cards With A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Magnetic Media Market 2024

Magnetic Media Market Size in Colombia

In 2021, the Colombian magnetic media market decreased by -60% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption faced a sharp decrease. Magnetic media consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Magnetic Media Exports

Exports from Colombia

In 2021, magnetic media exports from Colombia skyrocketed to X units, with an increase of 60% compared with 2020 figures. Over the period under review, exports showed a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of 2,210% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, magnetic media exports skyrocketed to $X in 2021. In general, exports, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 2,246%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) and Malaysia (X units) were the main destinations of magnetic media exports from Colombia.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +148.1%).

In value terms, Malaysia ($X) and Hong Kong SAR ($X) were the largest markets for magnetic media exported from Colombia worldwide.

In terms of the main countries of destination, Malaysia, with a CAGR of +124.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, picking up by 44% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 164% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Hong Kong SAR totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+34.8%), while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Media Imports

Imports into Colombia

In 2021, supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by -45.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic slump. The pace of growth was the most pronounced in 2014 when imports increased by 49% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, magnetic media imports fell remarkably to $X in 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 9%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) was the main supplier of magnetic media to Colombia, accounting for a 92% share of total imports. Moreover, magnetic media imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-33.5% per year) and China (-46.1% per year).

In value terms, Japan ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Colombia, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.2% per year) and Germany (-26.9% per year).

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, shrinking by -3.8% against the previous year. In general, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 98% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnetic media, not recorded, except cards with a magnetic stripe in the world?

The countries with the highest volumes of magnetic media consumption in 2020 were Brazil, China and Thailand, together accounting for 55% of global consumption.

What are the largest producers of magnetic media, not recorded, except cards with a magnetic stripe in the world?

The countries with the highest volumes of magnetic media production in 2020 were Brazil, China and Singapore, with a combined 53% share of global production.

What are the leading suppliers of magnetic media, not recorded, except cards with a magnetic stripe to Colombia?

In value terms, Japan constituted the largest supplier of magnetic media to Colombia, comprising 65% of total imports. The second position in the ranking was occupied by the United States, with a 30% share of total imports.

What are the leading importers of magnetic media, not recorded, except cards with a magnetic stripe from Colombia?

In value terms, Hong Kong SAR remains the key foreign market for magnetic media exports from Colombia, comprising 60% of total exports. The second position in the ranking was occupied by Peru, with a 21% share of total exports.

What is the average export price for magnetic media, not recorded, except cards with a magnetic stripe in Colombia?

In 2020, the average magnetic media export price amounted to $3.7 per unit, waning by -50.6% against the previous year.

What is the average import price for magnetic media, not recorded, except cards with a magnetic stripe in Colombia?

The average magnetic media import price stood at $35 per unit in 2020, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the magnetic media market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26801100 - Magnetic tapes and magnetic discs, unrecorded, for the recording of sound or of other phenomena

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023