Colombia: Inductor Market 2024

Inductor Market Size in Colombia

The Colombian inductor market surged to $X in 2022, growing 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, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Inductor Exports

Exports from Colombia

In 2022, overseas shipments of inductors were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, inductor exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for inductor exports from Colombia, with a X% share of total exports. Moreover, inductor exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), sixfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the United States (X% per year).

In value terms, Mexico ($X), Ecuador ($X) and the United States ($X) constituted the largest markets for inductor exported from Colombia worldwide, together accounting for X% of total exports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inductor export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Peru ($X 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 Mexico (X%), while the prices for the other major destinations experienced a decline.

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Inductor Imports

Imports into Colombia

In 2022, inductor imports into Colombia skyrocketed to X units, with an increase of X% on 2021. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, inductor imports expanded remarkably to $X in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of inductor to Colombia, accounting for a X% share of total imports. Moreover, inductor imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Brazil (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2022, the average inductor import price amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Brazil ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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