Colombia: Travel Set Market 2025

Travel Set Market Size in Colombia

After five years of growth, the Colombian travel set market decreased by -16.4% to $X in 2021. Over the period under review, consumption, however, enjoyed a tangible expansion. Travel set consumption peaked at $X in 2020, and then shrank markedly in the following year.

Travel Set Production in Colombia

In value terms, travel set production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 73%. Travel set production peaked at $X in 2020, and then declined sharply in the following year.

Travel Set Exports

Exports from Colombia

In 2021, approx. X units of travel sets were exported from Colombia; rising by 77% on 2020 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 764%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, travel set exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 348%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for travel set exports from Colombia, with a 48% share of total exports. Moreover, travel set exports to the United States exceeded the volume sent to the second major destination, El Salvador (X units), threefold. The third position in this ranking was taken by Venezuela (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+288.1% per year) and Venezuela (+65.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for travel sets exports from Colombia, comprising 53% of total exports. The second position in the ranking was held by Venezuela ($X), with a 17% share of total exports. It was followed by El Salvador, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+145.3% per year) and El Salvador (+91.5% per year).

Export Prices by Country

In 2021, the average travel set export price amounted to $X per unit, declining by -8.9% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of 76% against the previous year. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Mexico ($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 the Dominican Republic (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Colombia

In 2021, the amount of travel sets imported into Colombia amounted to X units, rising by 3.5% compared with 2020. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 80% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, travel set imports skyrocketed to $X in 2021. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when imports increased by 61% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of travel set to Colombia, with a 96% share of total imports. It was followed by Japan (X units), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+55.8% per year) and the United States (-28.2% per year).

In value terms, China ($X) constituted the largest supplier of travel sets to Colombia, comprising 93% of total imports. The second position in the ranking was held by Japan ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+83.6% per year) and the United States (-21.2% per year).

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, growing by 18% against the previous year. Over the period under review, the import price, however, saw a deep setback. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :