Report Update: Apr 1, 2024

Colombia - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Electrical Insulating Fittings Price in Colombia - 2022

Electrical Insulating Fittings Price in Colombia (CIF) - 2022

In February 2022, the average electrical insulating fittings import price amounted to $10,565 per ton, dropping by -37.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2021 when the average import price increased by 94% against the previous month. Over the period under review, average import prices hit record highs at $21,089 per ton in April 2021; however, from May 2021 to February 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($34,647 per ton), while the price for Brazil ($4,568 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Insulating Fittings Price in Colombia (FOB) - 2022

In 2022, the average electrical insulating fittings export price amounted to $9,178 per ton, reducing by -8.4% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 39%. As a result, the export price reached the peak level of $20,989 per ton. From 2020 to 2022, the average export prices remained at a 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 the United States ($25,907 per ton), while the average price for exports to Costa Rica ($5,069 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 Guatemala (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports in Colombia

In 2022, electrical insulating fittings imports into Colombia declined slightly to 196 tons, with a decrease of -3% against 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 6.4% against the previous year.

In value terms, electrical insulating fittings imports shrank to $3.1M in 2022. In general, imports recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $3.4M, and then shrank in the following year.

Import of Electrical Insulating Fittings in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	306	453	988	792	37.3%
United States	1,194	846	527	702	-16.2%
Brazil	419	370	469	376	-3.5%
Germany	307	344	142	213	-11.5%
Mexico	256	242	215	192	-9.1%
Taiwan (Chinese)	223	149	231	185	-6.0%
Italy	99.3	109	163	130	9.4%
Malaysia	40.3	45.4	154	123	45.1%
Turkey	81.5	70.8	93.7	75.1	-2.7%
Others	309	276	382	347	3.9%
Total	3,235	2,905	3,365	3,135	-1.0%

Top Suppliers of Electrical Insulating Fittings to Colombia in 2022:

China (76.7 tons)
Brazil (42.4 tons)
United States (28.5 tons)
Italy (8.5 tons)
Germany (7.4 tons)
Taiwan (Chinese) (7.0 tons)
Malaysia (7.0 tons)
Mexico (6.8 tons)
Turkey (4.9 tons)

Electrical Insulating Fittings Exports in Colombia

In 2022, shipments abroad of electrical insulating fittings of plastics decreased by -9.7% to 4.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +35.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports reached the peak of 5.2 tons, and then reduced in the following year.

In value terms, electrical insulating fittings exports contracted notably to $43K in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.

Export of Electrical Insulating Fittings in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.5	0.1	22.4	20.2	33.4%
Costa Rica	14.8	15.1	16.1	14.5	-0.7%
Ecuador	9.9	3.1	3.5	4.2	-24.9%
Chile	1.4	6.5	4.4	3.9	40.7%
Peru	20.6	N/A	1.5	N/A	-73.0%
Germany	15.2	N/A	N/A	N/A	0%
Guatemala	1.1	N/A	0.9	N/A	-9.5%
Indonesia	N/A	3.9	N/A	N/A	0%
Others	1.7	5.4	3.4	0.4	-38.3%
Total	73.1	34.1	52.2	43.1	-16.1%

Top Export Markets for Electrical Insulating Fittings from Colombia in 2022:

Costa Rica (2852.0 kg)
United States (778.0 kg)
Ecuador (584.0 kg)
Chile (445.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical insulating fittings 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

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