Colombia: Wire And Cable Market 2024

Wire And Cable Market Size in Colombia

In 2022, the Colombian wire and cable market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from Colombia

In 2022, exports of insulated wire and cable from Colombia declined significantly to X tons, which is down by X% on the previous year's figure. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, wire and cable exports declined markedly to $X in 2022. In general, exports recorded a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Ecuador (X tons), the United States (X tons) and Peru (X tons) were the main destinations of wire and cable exports from Colombia, together comprising X% of total exports. Chile and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X), the United States ($X) and Peru ($X) constituted the largest markets for wire and cable exported from Colombia worldwide, with a combined X% share of total exports. Chile and Panama lagged somewhat behind, together comprising a further X%.

Chile, 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 mixed trend patterns.

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wire And Cable Imports

Imports into Colombia

In 2022, purchases abroad of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, wire and cable imports soared to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wire and cable to Colombia, accounting for a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Colombia, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :