Report Colombia - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 12, 2023

Colombia - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Colombia

The Colombian market for wiring sets used in vehicles, aircraft or ships expanded significantly to $X in 2021, rising by 7.9% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Colombia

In value terms, production of wiring sets used in vehicles, aircraft or ships rose rapidly to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Colombia

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships increased by 52% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a abrupt slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Colombia, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +91.8%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Colombia, comprising 65% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 32% share of total exports. It was followed by Chile, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +97.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-22.7% per year) and Chile (-4.8% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, picking up by 51% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Colombia

Imports of wiring sets used in vehicles, aircraft or ships into Colombia soared to X tons in 2021, increasing by 53% on 2020. Overall, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 215% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 171%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Colombia, with a 47% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.9% per year) and South Korea (-15.5% per year).

In value terms, China ($X), the United States ($X) and Brazil ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Colombia, with a combined 65% share of total imports.

China, with a CAGR of +67.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wiring sets used in vehicles, aircraft or ships in the world?
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China remains the largest wiring sets used in vehicles, aircraft or ships consuming country worldwide, comprising approx. 21% of total volume. Moreover, consumption of wiring sets used in vehicles, aircraft or ships in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was taken by India, with an 8.6% share.
What are the largest producers of wiring sets used in vehicles, aircraft or ships in the world?
+
The country with the largest volume of production of wiring sets used in vehicles, aircraft or ships was China, accounting for 22% of total volume. Moreover, production of wiring sets used in vehicles, aircraft or ships in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with an 8% share.
What are the leading suppliers of wiring sets used in vehicles, aircraft or ships to Colombia?
+
In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Colombia were China, the United States and Brazil, with a combined 65% share of total imports.
What are the leading importers of wiring sets used in vehicles, aircraft or ships from Colombia?
+
In value terms, the United States remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Colombia, comprising 65% of total exports. The second position in the ranking was held by Ecuador, with a 32% share of total exports. It was followed by Chile, with a 1.7% share.
What is the average export price for wiring sets used in vehicles, aircraft or ships in Colombia?
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The average export price for wiring sets used in vehicles, aircraft or ships stood at $34,856 per ton in 2021, jumping by 51% against the previous year.
What is the average import price for wiring sets used in vehicles, aircraft or ships in Colombia?
+
The average import price for wiring sets used in vehicles, aircraft or ships stood at $26,277 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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