Colombia - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAccumulator Price in Colombia - 2022
Contents:
- Accumulator Price in Colombia (FOB) - 2022
- Accumulator Price in Colombia (CIF) - 2022
- Accumulator Exports in Colombia
- Accumulator Imports in Colombia
Accumulator Price in Colombia (FOB) - 2022
The average accumulator export price stood at $40 per unit in 2022, growing by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14%. The export price peaked at $41 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($68 per unit), while the average price for exports to Mexico ($35 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 Canada (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Accumulator Price in Colombia (CIF) - 2022
The average accumulator import price stood at $14 per unit in 2022, dropping by -13.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. Over the period under review, average import prices attained the maximum at $19 per unit in 2014; however, from 2015 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 ($112 per unit), while the price for Japan ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Accumulator Exports in Colombia
For the fourth year in a row, Colombia recorded growth in shipments abroad of electric accumulators, which increased by 5.7% to 3.9M units in 2022. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.8% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, accumulator exports skyrocketed to $155M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Accumulator in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.7 | 32.4 | 40.8 | 61.6 | 29.0% |
| Peru | 17.9 | 15.3 | 18.4 | 15.0 | -5.7% |
| Venezuela | 8.0 | 8.2 | 8.7 | 12.9 | 17.3% |
| Ecuador | 9.2 | 8.8 | 10.0 | 12.7 | 11.3% |
| Panama | 2.6 | 3.4 | 5.9 | 8.1 | 46.1% |
| Chile | 9.3 | 10.3 | 12.2 | 7.1 | -8.6% |
| Trinidad and Tobago | 4.8 | 4.4 | 6.8 | 5.5 | 4.6% |
| Canada | 2.4 | 2.3 | 3.5 | 5.3 | 30.2% |
| Dominican Republic | 3.5 | 3.7 | 4.5 | 4.4 | 7.9% |
| El Salvador | 2.3 | 3.3 | 3.9 | 3.4 | 13.9% |
| Mexico | 6.8 | 5.0 | 3.1 | 3.1 | -23.0% |
| Jamaica | 2.1 | 2.7 | 4.7 | 2.6 | 7.4% |
| Honduras | 1.6 | 0.8 | 2.4 | 2.6 | 17.6% |
| Others | 6.2 | 5.9 | 8.0 | 11.1 | 21.4% |
| Total | 105 | 107 | 133 | 155 | 13.9% |
Top Export Markets for Accumulator from Colombia in 2022:
- United States (1700.2K units)
- Peru (366.5K units)
- Venezuela (319.5K units)
- Ecuador (263.7K units)
- Panama (206.0K units)
- Chile (171.3K units)
- Trinidad and Tobago (125.6K units)
- Dominican Republic (113.2K units)
- Mexico (89.5K units)
- El Salvador (78.4K units)
- Canada (78.0K units)
- Jamaica (64.9K units)
- Honduras (58.2K units)
Accumulator Imports in Colombia
Accumulator imports into Colombia skyrocketed to 11M units in 2022, surging by 24% against the year before. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, accumulator imports expanded significantly to $155M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Accumulator in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.5 | 58.2 | 78.8 | 85.9 | 15.0% |
| South Korea | 13.9 | 8.7 | 7.8 | 8.8 | -14.1% |
| Venezuela | 0.7 | 2.8 | 8.4 | 8.8 | 132.5% |
| Vietnam | 2.9 | 4.1 | 5.8 | 5.7 | 25.3% |
| Japan | 1.0 | 1.3 | 0.8 | 1.6 | 17.0% |
| Others | 44.0 | 41.0 | 44.1 | 44.5 | 0.4% |
| Total | 119 | 116 | 146 | 155 | 9.2% |
Top Suppliers of Accumulator to Colombia in 2022:
- China (5.7M units)
- Japan (4.2M units)
- Vietnam (0.3M units)
- Venezuela (0.2M units)
- South Korea (0.1M units)
This report provides an in-depth analysis of the accumulator 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 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202210 -
- Prodcom 27202250 -
- Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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