Price for Navigational Instruments and Appliances; Parts and Accessories in Colombia - 2022

Contents:

  1. Price for Navigational Instruments and Appliances; Parts and Accessories in Colombia (CIF) - 2022
  2. Price for Navigational Instruments and Appliances; Parts and Accessories in Colombia (FOB) - 2022
  3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Colombia
  4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Colombia

Price for Navigational Instruments and Appliances; Parts and Accessories in Colombia (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $850,790 per ton, dropping by -11.1% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $3,207 per kg. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,642,892 per ton), while the price for Ukraine ($39,204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Colombia (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $236,429 per ton in 2022, declining by -16.3% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 161%. The export price peaked at $735,232 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($457,000 per ton), while the average price for exports to the Netherlands ($21,000 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 Panama (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Colombia

In 2022, the amount of navigational instruments and appliances; parts and accessorieses imported into Colombia contracted significantly to 2.1 tons, waning by -22.7% against 2021 figures. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 132%. As a result, imports attained the peak of 2.7 tons, and then shrank rapidly in the following year.

In value terms, imports of navigational instruments and appliances; parts and accessorieses declined rapidly to $1.8M in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 135%. As a result, imports attained the peak of $2.6M, and then reduced markedly in the following year.

Import of Navigational Instruments and Appliances; Parts and Accessories in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8634291,6599091.7%
France28.459.4217244104.8%
Israel25633834979.0-32.4%
Netherlands41.32.610.163.215.2%
SpainN/A14.736.458.299.0%
Finland4.15.713.339.4112.6%
Japan25.412.229.135.211.5%
Singapore2.716.527.032.3128.7%
Australia0.41.84.526.5304.6%
China1.24.32.812.1116.0%
Mexico1.92.35.65.441.6%
Taiwan (Chinese)6.22.80.83.8-15.1%
Ukraine3.41.30.41.9-17.6%
Others2302042132553.5%
Total1,4641,0942,5691,7656.4%

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Colombia in 2022:

  1. United States (553.0 kg)
  2. Netherlands (420.0 kg)
  3. France (193.0 kg)
  4. China (151.0 kg)
  5. Israel (106.0 kg)
  6. Finland (76.0 kg)
  7. Japan (64.0 kg)
  8. Spain (55.0 kg)
  9. Ukraine (49.0 kg)
  10. Taiwan (Chinese) (49.0 kg)
  11. Singapore (49.0 kg)
  12. Mexico (42.0 kg)
  13. Australia (37.0 kg)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Colombia

In 2022, approx. 133 kg of navigational instruments and appliances; parts and accessorieses were exported from Colombia; with an increase of 250% on 2021. Overall, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of navigational instruments and appliances; parts and accessorieses surged to $31K in 2022. In general, exports continue to indicate a notable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Navigational Instruments and Appliances; Parts and Accessories in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.59.3N/A27.9165.0%
Israel16.43.45.01.4-56.0%
Brazil3.50.91.70.6-44.4%
Panama2.80.71.10.4-47.7%
Spain2.30.40.60.1-64.8%
ParaguayN/A3.7N/AN/A0%
Others1.61.12.31.1-11.7%
Total28.119.410.731.43.8%

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Colombia in 2022:

  1. United States (121.0 kg)
  2. Israel (3.0 kg)
  3. Brazil (1.0 kg)
  4. Panama (1.0 kg)
  5. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform

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