Colombia: Market for Vacuum Cleaners Without Motor 2024

Market Size for Vacuum Cleaners Without Motor in Colombia

In 2022, the Colombian vacuum cleaner without motor market increased by 0.6% to $X, rising for the third consecutive year after seven years of decline. Overall, consumption showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the market value increased by 1.6%. Vacuum cleaner without motor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Vacuum Cleaners Without Motor in Colombia

In value terms, vacuum cleaner without motor production totaled $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1.6%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Cleaners Without Motor

Exports from Colombia

In 2022, after three years of decline, there was significant growth in shipments abroad of vacuum cleaners without motor, when their volume increased by 16% to X units. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 425% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vacuum cleaner without motor exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 392%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for vacuum cleaner without motor exports from Colombia, with a 47% share of total exports. Moreover, vacuum cleaner without motor exports to Ecuador exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Costa Rica (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.5% per year) and Costa Rica (+14.9% per year).

In value terms, Ecuador ($X), the United States ($X) and Mexico ($X) constituted the largest markets for vacuum cleaner without motor exported from Colombia worldwide, with a combined 81% share of total exports. Costa Rica, El Salvador, Panama, France, Peru, Chile, Jamaica, the Dominican Republic and Guatemala lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Costa Rica, with a CAGR of +93.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vacuum cleaner without motor export price amounted to $X per unit, rising by 8.2% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 123% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+68.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners Without Motor

Imports into Colombia

In 2022, supplies from abroad of vacuum cleaners without motor increased by 21% to X units, rising for the fourth year in a row after four years of decline. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 321%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum cleaner without motor imports dropped dramatically to $X in 2022. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 249%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) was the main vacuum cleaner without motor supplier to Colombia, accounting for a 91% share of total imports. Moreover, vacuum cleaner without motor imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +40.5%.

In value terms, China ($X) constituted the largest supplier of vacuum cleaners without motor to Colombia, comprising 68% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.5%.

Import Prices by Country

The average vacuum cleaner without motor import price stood at $X per unit in 2022, declining by -38.5% against the previous year. In general, the import price showed a abrupt descent. The growth pace was the most rapid in 2018 an increase of 2.2% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-19.9%).

Source: IndexBox Platform

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