Colombia: Domestic Appliances Market 2024

Domestic Appliances Market Size in Colombia

The Colombian domestic appliances market rose modestly to $X in 2021, increasing by 1.5% against the previous year. In general, consumption, however, saw a slight decline. Domestic appliances consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Domestic Appliances Production in Colombia

In value terms, domestic appliances production expanded notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Domestic Appliances Exports

Exports from Colombia

In 2021, domestic appliances exports from Colombia skyrocketed to X units, surging by 67% against the previous year. Overall, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.2% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic appliances exports skyrocketed to $X in 2021. In general, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 +75.0% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X units), El Salvador (X units) and the United States (X units) were the main destinations of domestic appliances exports from Colombia, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +74.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic appliances exported from Colombia were the Dominican Republic ($X), Ecuador ($X) and Guatemala ($X), together accounting for 45% of total exports. Peru, Honduras, El Salvador, Mexico, Chile, the United States, Bolivia, Venezuela, Cuba and Brazil lagged somewhat behind, together comprising a further 49%.

El Salvador, with a CAGR of +73.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average domestic appliances export price stood at $X per unit in 2021, reducing by -10.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Brazil ($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 (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Colombia

In 2021, domestic appliances imports into Colombia skyrocketed to X units, growing by 32% compared with 2020 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic appliances imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of domestic appliances to Colombia, with a 89% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X units), more than tenfold. The third position in this ranking was held by Mexico (X units), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-9.6% per year) and Mexico (-10.5% per year).

In value terms, China ($X) constituted the largest supplier of domestic appliances to Colombia, comprising 69% of total imports. The second position in the ranking was held by Mexico ($X), with a 22% share of total imports. It was followed by the United States, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.7% per year) and the United States (-1.1% per year).

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, waning by -9.5% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Mexico ($X per unit), while the price for Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :