Colombia: Non-Household Fan Market 2024

Non-Household Fan Market Size in Colombia

The Colombian non-household fan market fell to $X in 2022, dropping by -9.7% 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 recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Non-Household Fan Exports

Exports from Colombia

In 2022, the amount of non-household ventilation fans exported from Colombia expanded rapidly to X units, with an increase of 11% compared with the year before. In general, exports recorded temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 132% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-household fan exports dropped rapidly to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 81%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X units), Ecuador (X units) and Peru (X units) were the main destinations of non-household fan exports from Colombia, together comprising 28% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +108.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-household fan exported from Colombia were Ecuador ($X), Brazil ($X) and Peru ($X), with a combined 24% share of total exports.

Brazil, with a CAGR of +228.2%, saw the highest growth rate of 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

In 2022, the average non-household fan export price amounted to $X per unit, with a decrease of -25.1% against the previous year. Overall, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per unit, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Brazil ($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 Brazil (+57.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Colombia

In 2022, the amount of non-household ventilation fans imported into Colombia reduced to X units, which is down by -14.7% against 2021 figures. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 124% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-household fan imports declined to $X in 2022. Overall, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest non-household fan supplier to Colombia, accounting for a 11% share of total imports. Moreover, non-household fan imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. The third position in this ranking was held by China (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.9% per year) and China (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Colombia, comprising 18% of total imports. The second position in the ranking was held by the United States ($X), with a 7.4% share of total imports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and Germany (-0.2% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, growing by 9.8% against the previous year. Overall, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 an increase of 33%. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform