Colombia - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Colombia - 2022
Contents:
- Mobile Phone Price in Colombia (CIF) - 2022
- Mobile Phone Price in Colombia (FOB) - 2022
- Mobile Phone Imports in Colombia
- Mobile Phone Exports in Colombia
Mobile Phone Price in Colombia (CIF) - 2022
In February 2022, the average mobile phone import price amounted to $131 per unit, dropping by -28.4% against the previous month. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in October 2021 when the average import price increased by 18% month-to-month. The import price peaked at $441 per unit in December 2021; however, from January 2022 to February 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($242 per unit), while the price for China stood at $121 per unit.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-5.2%).
Mobile Phone Price in Colombia (FOB) - 2022
In 2022, the average mobile phone export price amounted to $111 per unit, almost unchanged from the previous year. In general, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 47%. Over the period under review, the average export prices reached the peak figure at $193 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($170 per unit), while the average price for exports to Hong Kong SAR ($53 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 Costa Rica (+67.4%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in Colombia
In 2022, the amount of mobile phones imported into Colombia reduced to 15M units, waning by -5.4% compared with the year before. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked at 18M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, mobile phone imports rose significantly to $2B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Mobile Phone in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,583 | 1,109 | 1,466 | 1,616 | 0.7% |
| Vietnam | 289 | 253 | 452 | 422 | 13.5% |
| Hong Kong SAR | 14.0 | 13.7 | 10.0 | 2.7 | -42.2% |
| Others | 19.8 | 10.6 | 12.3 | 4.9 | -37.2% |
| Total | 1,906 | 1,386 | 1,940 | 2,045 | 2.4% |
Top Suppliers of Mobile Phone to Colombia in 2022:
- Hong Kong SAR (undefinedM units)
- China (12.7M units)
- Vietnam (2.6M units)
Mobile Phone Exports in Colombia
Mobile phone exports from Colombia soared to 43K units in 2022, picking up by 72% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, mobile phone exports surged to $4.8M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 125%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Mobile Phone in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,133 | 1,127 | 2,666 | 1,996 | 20.8% |
| Ecuador | 0.9 | 0.3 | 38.2 | 1,410 | 1061.4% |
| Hong Kong SAR | 17.1 | 32.5 | N/A | 723 | 248.4% |
| Dominican Republic | N/A | N/A | N/A | 633 | 0% |
| Paraguay | N/A | 793 | 91.1 | N/A | -88.5% |
| Peru | N/A | 697 | N/A | N/A | 0% |
| Others | 54.6 | 58.0 | 10.0 | 20.0 | -28.4% |
| Total | 1,205 | 2,707 | 2,805 | 4,782 | 58.3% |
Top Export Markets for Mobile Phone from Colombia in 2022:
- United States (16.7K units)
- Hong Kong SAR (13.7K units)
- Ecuador (8.3K units)
- Dominican Republic (4.2K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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
-
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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