Colombia: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Colombia

The Colombian transmission apparatus market skyrocketed to $X in 2021, increasing 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, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Transmission apparatus consumption peaked in 2021 and is expected to retain growth in years to come.

Transmission Apparatus Exports

Exports from Colombia

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were exported from Colombia; growing by 20% compared with 2020. Over the period under review, exports posted temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 112% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, transmission apparatus exports surged to $X in 2021. Overall, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.0% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by 48%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for transmission apparatus exports from Colombia, accounting for a 75% share of total exports. Moreover, transmission apparatus exports to the United States exceeded the volume sent to the second major destination, Peru (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+96.0% per year) and Costa Rica (+11.7% per year).

In value terms, the United States ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Colombia, comprising 90% of total exports. The second position in the ranking was held by Peru ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+91.9% per year) and Costa Rica (+0.6% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 51%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 the United States (+1.9%), while the prices for the other major destinations experienced a decline.

Transmission Apparatus Imports

Imports into Colombia

In 2021, imports of transmission apparatus incorporating reception apparatus into Colombia reached X tons, surging by 7.5% compared with the year before. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 23%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest transmission apparatus supplier to Colombia, with a 80% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.6%.

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Colombia, comprising 74% of total imports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.1%.

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($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 Vietnam (+19.3%).

Source: IndexBox Platform

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