Colombia: Tuner Block Market 2024

Tuner Block Market Size in Colombia

In 2022, the Colombian tuner block market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tuner Block Exports

Exports from Colombia

In 2022, the amount of tuner blocks exported from Colombia dropped rapidly to X units, waning by X% against the previous year. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tuner block exports declined dramatically to $X in 2022. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Chile (X units) was the main destination for tuner block exports from Colombia, with a X% share of total exports. Moreover, tuner block exports to Chile exceeded the volume sent to the second major destination, the United States (X units), threefold.

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

In value terms, the United States ($X) emerged as the key foreign market for tuner blocks exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

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: Chile (X% per year) and Curacao (X% per year).

Export Prices by Country

In 2022, the average tuner block export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

Tuner Block Imports

Imports into Colombia

In 2022, overseas purchases of tuner blocks increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tuner block imports stood at $X in 2022. Over the period under review, total imports indicated moderate 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tuner block to Colombia, with a X% share of total imports. Moreover, tuner block imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was taken 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: Vietnam (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of tuner blocks to Colombia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Vietnam, with a 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: Brazil (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average tuner block import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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