Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia - 2022

Contents:

  1. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (CIF) - 2022
  2. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (FOB) - 2022
  3. Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia
  4. Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (CIF) - 2022

In 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $2.4 per unit, waning by -26.3% against the previous year. In general, the import price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 82% against the previous year. The import price peaked at $3.2 per unit in 2021, and then fell dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.7% per year.

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (FOB) - 2022

In 2022, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $0.5 per unit, dropping by -78.1% against the previous year. Over the period under review, the export price saw a sharp reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 54%. The export price peaked at $7.1 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.6% per year.

Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia

After three years of growth, purchases abroad of clocks; wall clocks, battery, accumulator or mains powereds decreased by -41.3% to 640K units in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 1.1M units, and then contracted remarkably in the following year.

In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds shrank significantly to $1.5M in 2022. Overall, imports, however, showed a notable expansion. The growth pace was the most rapid in 2020 with an increase of 105%. Imports peaked at $3.5M in 2021, and then fell rapidly in the following year.

Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.42.83.51.52.3%
OthersN/A0.1N/AN/A0%
Total1.42.93.51.52.3%

Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Colombia in 2022:

  1. China (638.3K units)

Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia

In 2022, after three years of growth, there was significant decline in overseas shipments of clocks; wall clocks, battery, accumulator or mains powereds, when their volume decreased by 99.9% to 2 units. Over the period under review, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 219%. Over the period under review, the exports of reached the peak figure at 20K units in 2021, and then contracted notably in the following year.

In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds contracted significantly to $1 in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 85%. The exports peaked at $46K in 2021, and then dropped dramatically in the following year.

Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador1.934.526.1N/A270.6%
Chile5.7N/A19.4N/A84.5%
Guatemala3.00.9N/AN/A-70.0%
Mexico1.6N/AN/AN/A0%
Honduras0.1N/AN/AN/A0%
Others8.02.10.1N/A-88.8%
Total20.337.545.6N/A49.9%

Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Colombia in 2022:

  1. Honduras (2.0 units)

Source: IndexBox Market Intelligence Platform

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