Colombia: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Colombia

The Colombian market for wiring sets used in vehicles, aircraft or ships declined slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Colombia

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Colombia

In 2022, overseas shipments of wiring sets used in vehicles, aircraft or ships increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), the United States (X tons) and Chile (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Colombia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from Colombia were the United States ($X), Ecuador ($X) and Chile ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, 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 the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

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

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Colombia

In 2022, imports of wiring sets used in vehicles, aircraft or ships into Colombia skyrocketed to X tons, growing by X% against the year before. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2022. In general, imports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Colombia, accounting for a X% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Romania (X% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Colombia, together accounting for X% of total imports. Spain, Japan, India, Brazil, South Korea, Romania and Morocco lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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