Colombia: Market for Residential, Commercial and Industrial Lighting Fixture 2025

Market Size for Residential, Commercial and Industrial Lighting Fixture in Colombia

In 2021, after two years of decline, there was significant growth in the Colombian market for residential, commercial and industrial lighting fixture, when its value increased by 116% to $X. Overall, consumption enjoyed prominent growth. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Colombia

Exports of residential, commercial and industrial lighting fixture from Colombia fell dramatically to X units in 2021, shrinking by -63.1% on 2020 figures. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 55%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture dropped notably to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X units), Costa Rica (X units) and El Salvador (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Colombia, together comprising 51% of total exports. Bolivia, Ecuador, the United States, Peru, Mexico, Guatemala, Cuba, the Dominican Republic and Venezuela lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +34.8%), while the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X), Costa Rica ($X) and Panama ($X) appeared to be the largest markets for residential, commercial and industrial lighting fixture exported from Colombia worldwide, with a combined 62% share of total exports. These countries were followed by the United States, El Salvador, Bolivia, Peru, Cuba, the Dominican Republic, Guatemala, Mexico and Venezuela, which together accounted for a further 31%.

In terms of the main countries of destination, Bolivia, with a CAGR of +18.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $X per unit, rising by 15% against the previous year. In general, the export price, however, recorded a pronounced setback. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Colombia

In 2021, imports of residential, commercial and industrial lighting fixture into Colombia soared to X units, surging by 97% on the year before. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 166%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of residential, commercial and industrial lighting fixture to Colombia, accounting for a 98% share of total imports. It was followed by the United States (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.6%.

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Colombia, comprising 93% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.2%.

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, picking up by 10% against the previous year. Overall, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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 China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.5%).

Source: IndexBox Platform

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