Colombia: Printing Press Market 2024

Printing Press Market Size in Colombia

The Colombian printing press market reduced to $X in 2022, stabilizing at 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 saw a mild curtailment. Printing press consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Printing Press Exports

Exports from Colombia

Printing press exports from Colombia soared to X units in 2022, increasing by 125% against the previous year's figure. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, printing press exports reduced to $X in 2022. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 81%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units), Panama (X units) and Ecuador (X units) were the main destinations of printing press exports from Colombia, with a combined 68% share of total exports. The Dominican Republic, Venezuela, Peru, Guatemala, the United States and Hong Kong SAR lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Ecuador ($X) and Venezuela ($X) were the largest markets for printing press exported from Colombia worldwide, with a combined 68% share of total exports.

Costa Rica, with a CAGR of +36.3%, 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 printing press export price stood at $X per unit in 2022, waning by -60.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the Dominican Republic ($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 Hong Kong SAR (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Colombia

In 2022, approx. X units of printing presses were imported into Colombia; which is down by -1.9% compared with 2021. Over the period under review, imports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, printing press imports rose sharply to $X in 2022. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 65%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest printing press supplier to Colombia, with a 90% share of total imports. Moreover, printing press imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Sweden (X units), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.5% per year) and Sweden (+46.3% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest printing press suppliers to Colombia, with a combined 44% share of total imports. Sweden and France lagged somewhat behind, together accounting for a further 1.2%.

Sweden, with a CAGR of +70.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average printing press import price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, the import price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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