Colombia - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in Colombia - 2022
Contents:
- Price for Lighting Equipment for Motor Vehicles in Colombia (CIF) - 2022
- Price for Lighting Equipment for Motor Vehicles in Colombia (FOB) - 2022
- Imports of Lighting Equipment for Motor Vehicles in Colombia
- Exports of Lighting Equipment for Motor Vehicles in Colombia
Price for Lighting Equipment for Motor Vehicles in Colombia (CIF) - 2022
In February 2022, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $3.5 per unit, which is down by -52.1% against the previous month. In general, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in January 2022 an increase of 25% m-o-m. Over the period under review, average import prices reached the peak figure at $7.3 per unit in April 2021; however, from May 2021 to February 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($66.5 per unit), while the price for China ($1.7 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 Morocco (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in Colombia (FOB) - 2022
The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $3.7 per unit in February 2022, shrinking by -84.1% against the previous month. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in September 2021 an increase of 62% m-o-m. Over the period under review, the average export prices attained the peak figure at $23.3 per unit in April 2021; however, from May 2021 to February 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Chile ($162 per unit), while the average price for exports to Peru ($2.9 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lighting Equipment for Motor Vehicles in Colombia
In 2022, approx. 3.8M units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported into Colombia; waning by -84.6% on the previous year's figure. Overall, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 102%. As a result, imports reached the peak of 25M units, and then fell sharply in the following year.
In value terms, lighting equipment for motor vehicles imports fell sharply to $51M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of $63M, and then dropped dramatically in the following year.
| Import of Lighting Equipment for Motor Vehicles in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 46.8 | 676.4% |
| China | 15.5 | 13.6 | 24.2 | 2.9 | -42.8% |
| Taiwan (Chinese) | 6.7 | 4.8 | 8.6 | 0.4 | -60.9% |
| India | 1.8 | 1.2 | 2.7 | N/A | 22.5% |
| Romania | 5.3 | 1.5 | 1.1 | N/A | -54.4% |
| Others | 21.9 | 16.7 | 26.7 | 0.5 | -71.6% |
| Total | 51.3 | 37.9 | 63.4 | 50.7 | -0.4% |
Top Suppliers of Lighting Equipment for Motor Vehicles to Colombia in 2022:
- United Arab Emirates (2164.5K units)
- China (1528.7K units)
- Taiwan (Chinese) (43.2K units)
- India (3.3K units)
Exports of Lighting Equipment for Motor Vehicles in Colombia
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles, when their volume decreased by -10.7% to 906K units. The total export volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 1M units, and then fell in the following year.
In value terms, lighting equipment for motor vehicles exports declined to $4M in 2022. The total export value increased at an average annual rate of +6.7% 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 exports increased by 41% against the previous year. As a result, the exports attained the peak of $4.7M, and then fell in the following year.
| Export of Lighting Equipment for Motor Vehicles in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 3,932 | 0% |
| Ecuador | 1,547 | 1,415 | 2,054 | 48.1 | -68.6% |
| Panama | 171 | 254 | 193 | 0.7 | -84.0% |
| Costa Rica | 249 | 214 | 330 | 0.1 | -92.6% |
| Guatemala | 250 | 266 | 508 | 0.1 | -92.6% |
| Peru | 496 | 495 | 798 | N/A | 26.8% |
| Mexico | 184 | 125 | 65.6 | N/A | -40.3% |
| Others | 393 | 541 | 720 | 8.3 | -72.4% |
| Total | 3,288 | 3,311 | 4,668 | 3,990 | 6.7% |
Top Export Markets for Lighting Equipment for Motor Vehicles from Colombia in 2022:
- Costa Rica (undefinedK units)
- Guatemala (undefinedK units)
- United Arab Emirates (892.8K units)
- Ecuador (11.4K units)
- Panama (0.1K units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
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