Plugs and Socket Price in Colombia - 2022

Contents:

1. Plugs and Socket Price in Colombia (CIF) - 2022
2. Plugs and Socket Price in Colombia (FOB) - 2022
3. Plugs and Socket Imports in Colombia
4. Plugs and Socket Exports in Colombia

Plugs and Socket Price in Colombia (CIF) - 2022

The average plugs and socket import price stood at $0.1 per unit in 2022, rising by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. Over the period under review, average import prices attained the peak figure at $0.2 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($0.6 per unit), while the price for China ($0.1 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 (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Plugs and Socket Price in Colombia (FOB) - 2022

The average plugs and socket export price stood at $0.2 per unit in 2022, increasing by 9.5% against the previous year. Overall, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.2 per unit in 2012; however, from 2013 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 Peru ($0.2 per unit), while the average price for exports to Costa Rica ($0.1 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 Venezuela (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plugs and Socket Imports in Colombia

In 2022, plugs and socket imports into Colombia reduced to 221M units, which is down by -3.5% on the previous year's figure. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 9.9%. Over the period under review, imports attained the peak figure at 266M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plugs and socket imports soared to $26M in 2022. Overall, imports showed a abrupt decrease. Imports peaked at $33M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Plugs and Socket to Colombia in 2022:

1. China (188.9M units)
2. United States (17.9M units)
3. Chile (2.6M units)

Plugs and Socket Exports in Colombia

In 2022, approx. 68M units of electrical plugs and sockets for under 1000 v were exported from Colombia; waning by -2% on 2021 figures. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 108%. As a result, the exports reached the peak of 69M units, and then fell slightly in the following year.

In value terms, plugs and socket exports rose remarkably to $12M in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Plugs and Socket from Colombia in 2022:

1. Costa Rica (29.2M units)
2. Peru (22.0M units)
3. Chile (13.8M units)

Source: IndexBox Market Intelligence Platform