Report Update: May 1, 2024

Colombia - HVAC Equipment - Market Analysis, Forecast, Size, Trends And Insights

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HVAC Equipment Price in Colombia - 2022

HVAC Equipment Price in Colombia (CIF) - 2022

The average HVAC equipment import price stood at $191 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, average import prices attained the maximum at $201 per unit in 2020; however, from 2021 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 ($741 per unit), while the price for Taiwan (Chinese) ($15 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 (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

HVAC Equipment Price in Colombia (FOB) - 2022

In 2022, the average HVAC equipment export price amounted to $345 per unit, which is down by -7.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $374 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($439 per unit), while the average price for exports to China ($83 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 Brazil (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.

HVAC Equipment Imports in Colombia

In 2022, the amount of HVAC equipment imported into Colombia shrank to 1.5M units, falling by -9% on the year before. Overall, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports reached the maximum at 1.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, HVAC equipment imports dropped to $291M in 2022. In general, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Imports peaked at $337M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of HVAC Equipment in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	102	78.9	96.6	88.5	-4.6%
United States	18.7	13.1	21.9	20.1	2.4%
Brazil	4.2	2.9	4.7	3.6	-5.0%
Taiwan (Chinese)	1.1	0.9	1.8	1.6	13.3%
India	1.2	1.2	1.4	1.2	0.0%
Others	209	166	193	176	-5.6%
Total	337	263	319	291	-4.8%

Top Suppliers of HVAC Equipment to Colombia in 2022:

China (482.8K units)
Taiwan (Chinese) (105.4K units)
Brazil (49.3K units)
United States (27.2K units)
India (17.1K units)

HVAC Equipment Exports in Colombia

In 2022, exports of HVAC equipment from Colombia declined slightly to 26K units, shrinking by -2.5% compared with the year before. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 1.6%. Over the period under review, the exports hit record highs at 28K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, HVAC equipment exports shrank to $9.1M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $10M, and then declined in the following year.

Export of HVAC Equipment in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	699	808	1,490	1,130	17.4%
Peru	910	593	875	924	0.5%
United States	729	685	597	668	-2.9%
Mexico	269	710	297	437	17.6%
Panama	236	235	315	300	8.3%
Guatemala	187	229	196	220	5.6%
Brazil	0.2	19.8	234	199	898.3%
El Salvador	27.4	329	60.0	142	73.1%
Venezuela	35.6	16.7	281	141	58.2%
Chile	111	45.3	95.5	90.0	-6.8%
Costa Rica	151	13.5	134	66.9	-23.8%
China	30.8	14.6	15.3	15.4	-20.6%
Others	4,135	4,353	5,505	4,738	4.6%
Total	7,519	8,051	10,094	9,072	6.5%

Top Export Markets for HVAC Equipment from Colombia in 2022:

Ecuador (2.8K units)
Peru (2.2K units)
Brazil (1.6K units)
United States (1.6K units)
Mexico (1.1K units)
Guatemala (0.8K units)
Panama (0.7K units)
Chile (0.5K units)
Venezuela (0.5K units)
El Salvador (0.4K units)
Costa Rica (0.3K units)
China (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hvac equipment 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units
Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Prodcom 28251130 - Heat exchange units
Prodcom 27512630 - Electric storage heating radiators
Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

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