Colombia: Non-Domestic Dishwashing Machine Market 2024

Non-Domestic Dishwashing Machine Market Size in Colombia

The Colombian non-domestic dishwashing machine market fell significantly to $X in 2022, reducing by -15.1% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Non-domestic dishwashing machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Domestic Dishwashing Machine Exports

Exports from Colombia

In 2022, overseas shipments of non-domestic dish-washing machines increased by 81% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 197%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, non-domestic dishwashing machine exports shrank to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 556% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The Dominican Republic (X units) was the main destination for non-domestic dishwashing machine exports from Colombia, with a 89% share of total exports. Moreover, non-domestic dishwashing machine exports to the Dominican Republic exceeded the volume sent to the second major destination, Peru (X units), more than tenfold. Belize (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +67.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+21.5% per year) and Belize (0.0% per year).

In value terms, the Dominican Republic ($X), Peru ($X) and Belize ($X) constituted the largest markets for non-domestic dishwashing machine exported from Colombia worldwide, together comprising 80% of total exports.

The Dominican Republic, with a CAGR of +90.1%, saw the highest growth rate of the value of exports, among 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 non-domestic dishwashing machine export price stood at $X per unit in 2022, which is down by -47.9% against the previous year. Over the period under review, the export price recorded a slight descent. The growth pace was the most rapid in 2015 when the average export price increased by 337% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per unit), while the average price for exports to the Dominican Republic ($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 Guatemala (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dishwashing Machine Imports

Imports into Colombia

For the fifth year in a row, Colombia recorded growth in overseas purchases of non-domestic dish-washing machines, which increased by 3.5% to X units in 2022. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 38%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, non-domestic dishwashing machine imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of non-domestic dishwashing machine to Colombia, accounting for a 24% share of total imports. Moreover, non-domestic dishwashing machine imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was taken by Thailand (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+36.5% per year) and Thailand (+87.8% per year).

In value terms, Italy ($X), the UK ($X) and Thailand ($X) were the largest non-domestic dishwashing machine suppliers to Colombia, together comprising 34% of total imports.

Thailand, with a CAGR of +46.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-domestic dishwashing machine import price amounted to $X per unit, dropping by -16.2% against the previous year. Over the period under review, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+40.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :