Colombia: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Colombia

In 2022, the Colombian metal non-electric bell market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Metal Non-Electric Bell Exports

Exports from Colombia

In 2022, exports of non-electric bells and gongs of base metal from Colombia soared to X tons, jumping by X% against 2021. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal non-electric bell exports skyrocketed to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal non-electric bell exports from Colombia, accounting for a X% share of total exports. Moreover, metal non-electric bell exports to the United States exceeded the volume sent to the second major destination, Ecuador (X kg), ninefold. The third position in this ranking was held by Panama (X kg), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for non-electric bells and gongs of base metal exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Ecuador (X% per year).

Export Prices by Country

The average metal non-electric bell export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed a moderate expansion. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru ($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 Panama (X%), while the prices for the other major destinations experienced a decline.

Metal Non-Electric Bell Imports

Imports into Colombia

In 2022, supplies from abroad of non-electric bells and gongs of base metal was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, metal non-electric bell imports soared to $X in 2022. In general, imports enjoyed tangible growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal non-electric bell to Colombia, accounting for a X% share of total imports. Moreover, metal non-electric bell imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Panama (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of non-electric bells and gongs of base metal to Colombia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Panama (X% per year).

Import Prices by Country

In 2022, the average metal non-electric bell import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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

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