Colombia: Telephone Market 2024

Telephone Market Size in Colombia

The Colombian telephone market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a slight slump. Telephone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Telephone Production in Colombia

In value terms, telephone production soared to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Telephone Exports

Exports from Colombia

In 2022, exports of telephones and videophones from Colombia fell remarkably to X units, which is down by X% compared with the previous year. Over the period under review, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, telephone exports declined remarkably to $X in 2022. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined notably in the following year.

Exports by Country

Ecuador (X units), Costa Rica (X units) and Chile (X units) were the main destinations of telephone exports from Colombia, with a combined X% share of total exports. El Salvador, the United States and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) emerged as the key foreign market for telephones and videophones exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

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

Export Prices by Country

In 2022, the average telephone export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Telephone Imports

Imports into Colombia

In 2022, supplies from abroad of telephones and videophones was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, recorded a abrupt shrinkage. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone imports declined remarkably to $X in 2022. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest telephone supplier to Colombia, accounting for a X% share of total imports. Moreover, telephone imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was held by Brazil (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of telephones and videophones to Colombia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

In 2022, the average telephone import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Brazil ($X per unit) 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 a decline.

Source: IndexBox Platform

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