Colombia: Video Monitor Market 2024

Video Monitor Market Size in Colombia

The Colombian video monitor market surged to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Video Monitor Exports

Exports from Colombia

In 2022, approx. X units of video monitors were exported from Colombia; picking up by X% on 2021 figures. In general, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, video monitor exports expanded sharply to $X in 2022. Over the period under review, exports recorded a mild expansion. 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 attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for video monitor exports from Colombia, accounting for a X% share of total exports. Moreover, video monitor exports to the United States exceeded the volume sent to the second major destination, Chile (X units), twofold. The third position in this ranking was taken by Mexico (X units), with an X% share.

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

In value terms, the United States ($X), Mexico ($X) and Brazil ($X) were the largest markets for video monitor exported from Colombia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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 video monitor export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per unit), while the average price for exports to Spain ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Video Monitor Imports

Imports into Colombia

In 2022, imports of video monitors into Colombia surged to X units, with an increase of X% compared with 2021 figures. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, video monitor imports skyrocketed to $X in 2022. In general, total imports indicated a perceptible 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 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of video monitor to Colombia, with a X% share of total imports. Moreover, video monitor imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold.

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

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

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

Import Prices by Country

In 2022, the average video monitor import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable reduction. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Philippines ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :