Colombia: Photo Camera Market 2025

Photo Camera Market Size in Colombia

The Colombian photo camera market fell significantly to $X in 2022, dropping by -18% 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, however, saw moderate growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Photo Camera Exports

Exports from Colombia

In 2022, photo camera exports from Colombia dropped markedly to X units, falling by -29.2% compared with 2021 figures. In general, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 475% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, photo camera exports reached $X in 2022. Over the period under review, exports faced a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 86%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X units) was the main destination for photo camera exports from Colombia, with a 65% share of total exports. Moreover, photo camera exports to El Salvador exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was taken by Chile (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to El Salvador stood at +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.0% per year) and Chile (+9.6% per year).

In value terms, the United States ($X) remains the key foreign market for photographic (other than cinematographic) cameras exports from Colombia, comprising 68% of total exports. The second position in the ranking was held by El Salvador ($X), with a 2.9% share of total exports. It was followed by Venezuela, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+32.2% per year) and Venezuela (+16.5% per year).

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, increasing by 42% against the previous year. Overall, the export price recorded prominent growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 328% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 the United States ($X per unit), while the average price for exports to Costa Rica ($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 (+64.0%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Colombia

Photo camera imports into Colombia contracted notably to X units in 2022, declining by -18.5% on 2021 figures. Over the period under review, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, photo camera imports contracted to $X in 2022. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Thailand (X units) were the main suppliers of photo camera imports to Colombia, together comprising 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of photographic (other than cinematographic) cameras to Colombia, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.3% per year) and Thailand (+10.5% per year).

Import Prices by Country

The average photo camera import price stood at $X per unit in 2022, growing by 9.4% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 48%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a 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 ($X per unit), while the price for Mexico ($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 Philippines (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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