Report Update: May 1, 2024

Colombia - Boards, Panels, Consoles, Desks And Cabinets - Market Analysis, Forecast, Size, Trends And Insights

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Price for Electric Board, Desk and Panel in Colombia - 2022

Price for Electric Board, Desk and Panel in Colombia (CIF) - 2022

In February 2022, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $1.8 per unit, declining by -34.6% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 71% against the previous month. As a result, import price reached the peak level of $4.2 per unit. From May 2021 to February 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Spain ($5.5 per unit), while the price for China ($1.4 per unit) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Board, Desk and Panel in Colombia (FOB) - 2022

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $2.7 per unit in February 2022, growing by 5.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2021 an increase of 28% m-o-m. As a result, the export price reached the peak level of $3.2 per unit. From April 2021 to February 2022, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In February 2022, the countries with the highest prices were Ecuador ($2.8 per unit) and El Salvador ($2.7 per unit), while the average price for exports to Costa Rica ($2.5 per unit) and France ($2.5 per unit) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Board, Desk and Panel in Colombia

In 2022, electric board, desk and panel imports into Colombia skyrocketed to 4.1M units, increasing by 32% compared with the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, electric board, desk and panel imports surged to $11M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Electric Board, Desk and Panel in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,225	766	1,389	4,604	55.5%
Spain	359	1,172	1,989	2,346	87.0%
Germany	1,686	1,279	1,533	2,172	8.8%
United States	923	791	773	450	-21.3%
Hungary	136	167	220	228	18.8%
Italy	48.9	135	186	205	61.2%
Brazil	516	133	65.2	87.8	-44.6%
Others	813	491	1,703	906	3.7%
Total	5,707	4,933	7,858	10,999	24.4%

Top Suppliers of Electric Board, Desk and Panel to Colombia in 2022:

China (2042.0K units)
Germany (1041.8K units)
Spain (477.1K units)
Hungary (155.5K units)
Italy (97.9K units)
United States (46.0K units)
Brazil (27.2K units)

Exports of Electric Board, Desk and Panel in Colombia

Electric board, desk and panel exports from Colombia dropped to 1.7M units in 2022, with a decrease of -5.1% compared with 2021 figures. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The exports peaked at 1.9M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electric board, desk and panel exports fell slightly to $4.9M in 2022. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at $5.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Electric Board, Desk and Panel in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	3,091	3,043	3,092	3,330	2.5%
Costa Rica	443	394	709	581	9.5%
El Salvador	112	2.9	237	400	52.9%
France	238	182	235	196	-6.3%
Nicaragua	286	428	376	73.3	-36.5%
Panama	N/A	6.0	6.6	38.6	153.6%
Guatemala	N/A	N/A	N/A	38.2	0%
Others	1,250	299	322	264	-40.4%
Total	5,420	4,355	4,977	4,921	-3.2%

Top Export Markets for Electric Board, Desk and Panel from Colombia in 2022:

Ecuador (1145.9K units)
Costa Rica (232.4K units)
El Salvador (136.2K units)
France (84.5K units)
Guatemala (28.6K units)
Panama (28.4K units)
Nicaragua (28.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electric board, desk and panel 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 27124030 - Boards, panels, consoles, desks, cabinets and other bases for apparatus for electric control or the distribution of electricity (excluding those equipped with their apparatus)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023