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Colombia - Clocks - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Clock Market Overview 2020

Clock Market Size in Colombia

The revenue of the clock market in Colombia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, clock consumption continues to indicate a resilient increase. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. In that year, the clock market reached its peak level of $X. From 2012 to 2018, the growth of the clock market failed to regain its momentum.

Clock Exports

Exports from Colombia

Clock exports from Colombia stood at X units in 2018, dropping by -X% against the previous year. In general, clock exports continue to indicate a drastic deduction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, clock exports attained their peak figure at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, clock exports totaled $X in 2018. Over the period under review, clock exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, clock exports attained their peak of $X. From 2011 to 2018, the growth of clock exports remained at a lower figure.

Exports by Country

Costa Rica (X units) was the main destination for clock exports from Colombia, accounting for a X% share of total exports. Moreover, clock exports to Costa Rica exceeded the volume sent to the second major destination, the U.S. (X units), twofold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Costa Rica totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Germany (-X% per year).

In value terms, the largest markets for clock exported from Colombia were the U.S. ($X), Germany ($X) and Ecuador ($X), with a combined X% share of total exports. The Dominican Republic, Greece, Peru, Bolivia and Costa Rica lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced a decline.

Export Prices by Country

In 2018, the average clock export price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the clock export price continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. In that year, the average export prices for instrument panel and wall clocks reached their peak level of $X per unit. From 2015 to 2018, the growth in terms of the average export prices for instrument panel and wall clocks remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia, while the prices for the other major destinations experienced more modest paces of growth.

Clock Imports

Imports into Colombia

In 2018, approx. X units of instrument panel and wall clocks were imported into Colombia; jumping by X% against the previous year. Overall, clock imports continue to indicate buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, clock imports attained their peak of X units. From 2012 to 2018, the growth of clock imports failed to regain its momentum.

In value terms, clock imports amounted to $X in 2018. Over the period under review, clock imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. In that year, clock imports attained their peak of $X. From 2012 to 2018, the growth of clock imports remained at a lower figure.

Imports by Country

In 2018, China (X units) was the main clock supplier to Colombia, accounting for a X% share of total imports. It was followed by Panama (X units), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of clock to Colombia, comprising X% of total clock imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2018, the average clock import price amounted to $X per unit, coming down by -X% against the previous year. Overall, the clock import price continues to indicate an abrupt slump. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per unit), while the price for Panama stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 26521300 - Instrument panel clocks and clocks of a similar type for vehicles, aircraft, spacecraft or vessels (including vehicle chronographs)
• Prodcom 26521400 - Clocks with watch movements, alarm clocks and wall clocks, o ther clocks

This report provides an in-depth analysis of the clock 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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