Colombia: Screwdriver Market 2025

Screwdriver Market Size in Colombia

The Colombian screwdriver market surged to $X in 2021, rising by 45% 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, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Screwdriver Exports

Exports from Colombia

Screwdriver exports from Colombia dropped significantly to X tons in 2021, shrinking by -62.9% compared with the previous year's figure. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 562% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, screwdriver exports reduced sharply to $X in 2021. Over the period under review, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 653% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for screwdriver exports from Colombia, with a 53% share of total exports. Moreover, screwdriver exports to Aruba exceeded the volume sent to the second major destination, Barbados (X kg), threefold. Costa Rica (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Aruba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+86.5% per year) and Costa Rica (+43.6% per year).

In value terms, Aruba ($X) emerged as the key foreign market for screwdrivers exports from Colombia, comprising 71% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 13% share of total exports. It was followed by the Dominican Republic, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Aruba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+48.7% per year) and the Dominican Republic (+57.4% per year).

Export Prices by Country

In 2021, the average screwdriver export price amounted to $X per ton, rising by 17% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, screwdriver export price increased by +53.3% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 102%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Aruba ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Screwdriver Imports

Imports into Colombia

In 2021, approx. X tons of screwdrivers were imported into Colombia; growing by 47% on the previous year's figure. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 106%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, screwdriver imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.8% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 120% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main screwdriver supplier to Colombia, with a 95% share of total imports. It was followed by the United States (X tons), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.8%.

In value terms, China ($X) constituted the largest supplier of screwdrivers to Colombia, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.3%.

Import Prices by Country

In 2021, the average screwdriver import price amounted to $X per ton, with a decrease of -7.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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