Colombia - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Colombia - 2022
Contents:
- Electric Soldering Iron Price in Colombia (CIF) - 2022
- Electric Soldering Iron Price in Colombia (FOB) - 2022
- Electric Soldering Iron Imports in Colombia
- Electric Soldering Iron Exports in Colombia
Electric Soldering Iron Price in Colombia (CIF) - 2022
The average electric soldering iron import price stood at $4.9 per unit in February 2022, rising by 247% against the previous month. Over the period under review, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($14.6 per unit), while the price for China ($4.6 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Soldering Iron Price in Colombia (FOB) - 2022
The average electric soldering iron export price stood at $166 per unit in 2022, jumping by 16% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 88%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($528 per unit), while the average price for exports to Peru ($13 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 Venezuela (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Soldering Iron Imports in Colombia
In 2022, purchases abroad of electric soldering irons and guns was finally on the rise to reach 244K units after two years of decline. Over the period under review, imports, however, recorded a sharp reduction. Imports peaked at 561K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric soldering iron imports expanded significantly to $2.6M in 2022. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Soldering Iron in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,997 | 2,551 | 1,802 | 1,520 | -27.6% |
| Mexico | 119 | 53.6 | 60.3 | 587 | 70.2% |
| Panama | 0.6 | 60.7 | 60.6 | 106 | 461.1% |
| Japan | 9.2 | 13.8 | 15.8 | 8.3 | -3.4% |
| Hong Kong SAR | 49.0 | 42.8 | 82.1 | 5.6 | -51.5% |
| Others | 232 | 197 | 296 | 391 | 19.0% |
| Total | 4,407 | 2,919 | 2,317 | 2,618 | -15.9% |
Top Suppliers of Electric Soldering Iron to Colombia in 2022:
- China (142.1K units)
- Mexico (82.3K units)
- Panama (10.7K units)
- Japan (3.8K units)
- Hong Kong SAR (0.6K units)
Electric Soldering Iron Exports in Colombia
In 2022, overseas shipments of electric soldering irons and guns decreased by -28.7% to 612 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 139%. Over the period under review, the exports hit record highs at 858 units in 2021, and then fell remarkably in the following year.
In value terms, electric soldering iron exports declined rapidly to $102K in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. The exports peaked at $123K in 2021, and then fell sharply in the following year.
| Export of Electric Soldering Iron in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 23.7 | 45.1 | 64.4 | 57.0 | 34.0% |
| Chile | N/A | 9.5 | 22.6 | 16.8 | 33.0% |
| Ecuador | 2.2 | 8.8 | 16.9 | 12.5 | 78.4% |
| Mexico | 5.4 | 7.6 | 7.3 | 6.5 | 6.4% |
| Panama | 2.9 | 5.2 | 6.8 | 5.5 | 23.8% |
| Peru | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| Others | 3.6 | 3.6 | 3.9 | 2.8 | -8.0% |
| Total | 38.3 | 80.5 | 123 | 102 | 38.6% |
Top Export Markets for Electric Soldering Iron from Colombia in 2022:
- Chile (185.0 units)
- Ecuador (153.0 units)
- Venezuela (108.0 units)
- Panama (74.0 units)
- Mexico (35.0 units)
- Peru (28.0 units)
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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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