Report Update Jan 1, 2025

Colombia - Timers - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Timer Market 2025

Timer Market Size in Colombia

The Colombian timer market shrank to $X in 2022, with a decrease of -7% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Colombia

In value terms, timer production contracted to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45% against the previous year. Timer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Timer Exports

Exports from Colombia

In 2022, the amount of timers exported from Colombia shrank notably to X units, dropping by -24.5% compared with 2021. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, timer exports shrank rapidly to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 96%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for timer exports from Colombia, accounting for a 71% share of total exports. Moreover, timer exports to the UK exceeded the volume sent to the second major destination, the United States (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to -4.2%.

In value terms, the UK ($X) remains the key foreign market for timers exports from Colombia, comprising 69% of total exports. The second position in the ranking was taken by the United States ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK totaled -6.2%.

Export Prices by Country

In 2022, the average timer export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 23%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.

Timer Imports

Imports into Colombia

In 2022, the amount of timers imported into Colombia reduced to X units, which is down by -1.8% against the previous year's figure. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 109%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, timer imports declined remarkably to $X in 2022. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 99% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main timer supplier to Colombia, with a 100% share of total imports. It was followed by the United States (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -18.1%.

In value terms, China ($X) constituted the largest supplier of timers to Colombia, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -4.8%.

Import Prices by Country

The average timer import price stood at $X per unit in 2022, which is down by -15% against the previous year. In general, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then declined in the following year.

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 the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for timers in the world?

The country with the largest volume of timer consumption was South Africa, accounting for 25% of total volume. Moreover, timer consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, twofold. China ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of timers in the world?

China remains the largest timer producing country worldwide, accounting for 46% of total volume. Moreover, timer production in China exceeded the figures recorded by the second-largest producer, France, fourfold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of timers to Colombia?

In value terms, China constituted the largest supplier of timer to Colombia.

What are the leading importers of timers from Colombia?

In value terms, the UK and the United States constituted the largest markets for timer exported from Colombia worldwide.

What is the average export price for timers in Colombia?

The average timer export price stood at $98 per unit in 2021, which is down by -23.9% against the previous year.

What is the average import price for timers in Colombia?

In 2021, the average timer import price amounted to $10 per unit, reducing by -44.2% against the previous year.

This report provides an in-depth analysis of the timer market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26522810 - Time-registers and time-recorders

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024