Colombia: Market for Laptops and Palm-Top Computers 2023

Market Size for Laptops and Palm-Top Computers in Colombia

In 2021, the Colombian laptop and tablet computer market increased by 36% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption saw a modest increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Laptops and Palm-Top Computers

Exports from Colombia

Laptop and tablet computer exports from Colombia plummeted to X units in 2021, with a decrease of -50.9% on the previous year. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 400%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, laptop and tablet computer exports rose notably to $X in 2021. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 172%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), the United States (X units) and Ecuador (X units) were the main destinations of laptop and tablet computer exports from Colombia, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +123.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Hong Kong SAR ($X) appeared to be the largest markets for laptop and tablet computer exported from Colombia worldwide, with a combined 67% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +176.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average laptop and tablet computer export price stood at $X per unit in 2021, jumping by 120% against the previous year. Over the period under review, the export price enjoyed a measured increase. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 the United States ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laptops and Palm-Top Computers

Imports into Colombia

In 2021, supplies from abroad of laptops and palm-top computers increased by 20% to X units, rising for the third consecutive year after four years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 41%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, laptop and tablet computer imports surged to $X in 2021. In general, imports showed a modest expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of laptop and tablet computer to Colombia, accounting for a 88% share of total imports. Moreover, laptop and tablet computer imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of laptops and palm-top computers to Colombia, comprising 93% of total imports. The second position in the ranking was taken by Free Zones ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.6%.

Import Prices by Country

The average laptop and tablet computer import price stood at $X per unit in 2021, growing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Free Zones amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%).

Source: IndexBox Market Intelligence Platform

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