Report Update Nov 1, 2024

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

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Colombia: Wheelchair Market 2024

Wheelchair Market Size in Colombia

The Colombian wheelchair market surged to $X in 2021, jumping by 66% 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). In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value 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. Wheelchair consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Wheelchair Exports

Exports from Colombia

In 2021, wheelchair exports from Colombia reached X units, rising by 10% compared with the previous year's figure. Overall, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 188% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wheelchair exports surged to $X in 2021. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 119%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for wheelchair exports from Colombia, accounting for a 68% share of total exports. Moreover, wheelchair exports to Ecuador exceeded the volume sent to the second major destination, Panama (X units), fourfold. The third position in this ranking was taken by Chile (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+16.7% per year) and Chile (0.0% per year).

In value terms, Ecuador ($X) remains the key foreign market for wheelchairs exports from Colombia, comprising 80% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports. It was followed by Panama, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador amounted to -17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (0.0% per year) and Panama (-18.0% per year).

Export Prices by Country

The average wheelchair export price stood at $X per unit in 2021, with an increase of 5.8% against the previous year. Overall, the export price posted a moderate expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the 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 Chile ($X per unit), while the average price for exports to Costa Rica ($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 Peru (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wheelchair Imports

Imports into Colombia

Wheelchair imports into Colombia skyrocketed to X units in 2021, jumping by 77% against the year before. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheelchair imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 -0.1% against 2019 indices. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of wheelchair to Colombia, accounting for a approx. 96% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.0%.

In value terms, China ($X) constituted the largest supplier of wheelchairs to Colombia.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.7%.

Import Prices by Country

In 2021, the average wheelchair import price amounted to $X per unit, shrinking by -8.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheelchairs in the world?

India constituted the country with the largest volume of wheelchair consumption, accounting for 51% of total volume. Moreover, wheelchair consumption in India exceeded the figures recorded by the second-largest consumer, the United States, eightfold. The third position in this ranking was occupied by China, with a 6.2% share.

What are the largest producers of wheelchairs in the world?

The countries with the highest volumes of in 2021 were India, China and Japan, together accounting for 90% of global production.

What are the leading suppliers of wheelchairs to Colombia?

In value terms, China constituted the largest supplier of wheelchair to Colombia, comprising 61% of total imports. The second position in the ranking was occupied by Germany, with a 13% share of total imports.

What are the leading importers of wheelchairs from Colombia?

In value terms, Ecuador remains the key foreign market for wheelchair exports from Colombia, comprising 89% of total exports. The second position in the ranking was occupied by Jamaica, with an 11% share of total exports.

What is the average export price for wheelchairs in Colombia?

In 2021, the average wheelchair export price amounted to $322 per unit, surging by 26% against the previous year.

What is the average import price for wheelchairs in Colombia?

In 2021, the average wheelchair import price amounted to $74 per unit, falling by -3.9% against the previous year.

This report provides an in-depth analysis of the wheelchair 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 30922030 - Invalid carriages not mechanically propelled
Prodcom 30922090 - Invalid carriages motorised or mechanically propelled

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023