Price for Electrical Insulators of Any Material in Colombia - 2022

Contents:

1. Price for Electrical Insulators of Any Material in Colombia (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Colombia (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Colombia
4. Exports of Electrical Insulators of Any Material in Colombia

Price for Electrical Insulators of Any Material in Colombia (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.6 per unit, growing by 48% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material import price increased by +74.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3.3 per unit), while the price for Russia ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Colombia (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $0.4 per unit, declining by -8.8% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2019 an increase of 13%. Over the period under review, the average export prices reached the maximum at $0.6 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1.1 per unit), while the average price for exports to Bolivia ($0.2 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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Colombia

Electrical insulators of any material imports into Colombia expanded markedly to 23M units in 2022, picking up by 15% on the previous year. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure at 30M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical insulators of any material imports skyrocketed to $13M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Insulators of Any Material to Colombia in 2022:

1. China (15.2M units)
2. Brazil (1.6M units)
3. Mexico (1.6M units)
4. United States (0.8M units)
5. Italy (0.7M units)
6. Peru (0.6M units)
7. Chile (0.5M units)
8. India (0.4M units)
9. Russia (0.3M units)
10. Ukraine (0.1M units)

Exports of Electrical Insulators of Any Material in Colombia

In 2022, electrical insulators of any material exports from Colombia surged to 29M units, increasing by 27% on the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical insulators of any material exports skyrocketed to $12M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Electrical Insulators of Any Material from Colombia in 2022:

1. Ecuador (6.2M units)
2. United States (3.3M units)
3. El Salvador (3.2M units)
4. Argentina (2.8M units)
5. Canada (2.2M units)
6. Mexico (2.1M units)
7. Chile (1.7M units)
8. Bolivia (1.7M units)
9. Guatemala (1.5M units)
10. Peru (1.0M units)
11. Panama (1.0M units)
12. Costa Rica (1.0M units)

Source: IndexBox Market Intelligence Platform