Colombia: Seat Market 2024

Seat Market Size in Colombia

In 2022, the Colombian seat market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, the total consumption indicated a pronounced expansion 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, consumption increased by X% against 2016 indices. Seat consumption peaked in 2022 and is likely to see gradual growth in the near future.

Seat Exports

Exports from Colombia

In 2022, overseas shipments of seats increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, seat exports soared to $X in 2022. In general, exports, however, showed a noticeable decline. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for seat exports from Colombia, accounting for a X% share of total exports. Moreover, seat exports to the Dominican Republic exceeded the volume sent to the second major destination, Ecuador (X units), threefold. Panama (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic 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 ($X) remains the key foreign market for seats exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

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

Export Prices by Country

In 2022, the average seat export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Paraguay ($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 Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Seat Imports

Imports into Colombia

In 2022, supplies from abroad of seats increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, seat imports surged to $X in 2022. In general, total imports indicated a prominent expansion 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 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of seat to Colombia, accounting for a X% share of total imports. It was followed by Peru (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average seat import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price 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, seat import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Peru stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%).

Source: IndexBox Platform

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