Colombia: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Colombia

In 2022, the Colombian photo-copying apparatus market increased by 0.5% to $X, rising for the sixth consecutive year after four years of decline. Overall, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Photo-Copying Apparatus Exports

Exports from Colombia

In 2022, photo-copying apparatus exports from Colombia reduced sharply to X units, with a decrease of -57.6% on the year before. In general, exports, however, posted a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 192% against the previous year. As a result, the exports reached the peak of X units, and then fell significantly in the following year.

In value terms, photo-copying apparatus exports surged to $X in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 259%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for photo-copying apparatus exports from Colombia, with a 62% share of total exports. Moreover, photo-copying apparatus exports to Peru exceeded the volume sent to the second major destination, the United States (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and Mexico (+25.8% per year).

In value terms, the United States ($X), Peru ($X) and Mexico ($X) were the largest markets for photo-copying apparatus exported from Colombia worldwide.

Mexico, with a CAGR of +27.0%, 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

The average photo-copying apparatus export price stood at $X per unit in 2022, picking up by 373% against the previous year. In general, the export price, however, recorded a deep reduction. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($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 Venezuela (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Photo-Copying Apparatus Imports

Imports into Colombia

In 2022, purchases abroad of photo-copying apparatus increased by 4.1% to X units, rising for the sixth consecutive year after four years of decline. In general, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, photo-copying apparatus imports contracted to $X in 2022. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 41%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of photo-copying apparatus to Colombia, accounting for a 87% share of total imports. It was followed by Indonesia (X units), with a 2.2% share of total imports. The third position in this ranking was held by Bulgaria (X units), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.8% per year) and Bulgaria (+126.9% per year).

In value terms, China ($X) constituted the largest supplier of photo-copying apparatus to Colombia, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.6% per year) and the United States (-12.0% per year).

Import Prices by Country

In 2022, the average photo-copying apparatus import price amounted to $X per unit, dropping by -15% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 53%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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