Consumer Electronics in Colombia

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,650	75 Pages	Euromonitor International	July, 2023	EP18093927

Best Price Guarantee
Price	from $2,650
Length	75 Pages
Publisher	Euromonitor International
Published Date	July, 2023
SKU	EP18093927

Consumer Electronics in Colombia

2022 into 2023 has been difficult for consumer electronics in Colombia, with a contraction in both volume and current value sales. Internal and external factors influenced shrinkage in many categories. Among the most significant was the fact that, during the COVID-19 pandemic, growth was disproportionate. In addition, the newly elected government eliminated non-VAT days (Días Sin IVA) when selected products did not carry value-added tax. Smartphones were among these products, and since June 2020...

Euromonitor International's Consumer Electronics in Colombia report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Product coverage: Computers and Peripherals, In-Car Entertainment, In-Home Consumer Electronics, Portable Consumer Electronics.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Consumer Electronics market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Consumer Electronics in Colombia
Euromonitor International
July 2023
List Of Contents And Tables
CONSUMER ELECTRONICS IN COLOMBIA
EXECUTIVE SUMMARY
Consumer electronics in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
MARKET DATA: Table 1 Sales of Consumer Electronics by Category: Volume 2018-2023; Table 2 Sales of Consumer Electronics by Category: Value 2018-2023; Table 3 Sales of Consumer Electronics by Category: % Volume Growth 2018-2023; Table 4 Sales of Consumer Electronics by Category: % Value Growth 2018-2023; Table 5 NBO Company Shares of Consumer Electronics: % Volume 2019-2023; Table 6 LBN Brand Shares of Consumer Electronics: % Volume 2020-2023; Table 7 Distribution of Consumer Electronics by Channel: % Volume 2018-2023; Table 8 Forecast Sales of Consumer Electronics by Category: Volume 2023-2028; Table 9 Forecast Sales of Consumer Electronics by Category: Value 2023-2028; Table 10 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2023-2028; Table 11 Forecast Sales of Consumer Electronics by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
COMPUTERS AND PERIPHERALS IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Computers and peripherals suffers from loss of consumer purchasing power in 2023
HP leads the category, supported by advantageous positioning in hypermarkets and appliances and electronics specialists
Desktops suffers the greatest contraction within computer and peripherals
PROSPECTS AND OPPORTUNITIES
Innovation and promotions will be essential drivers of sales in the coming years
Political and economic uncertainty may affect the category in the short term
Retail specialisation and omnichannel are key for category development
CATEGORY DATA: Table 12 Sales of Computers and Peripherals by Category: Volume 2018-2023; Table 13 Sales of Computers and Peripherals by Category: Value 2018-2023; Table 14 Sales of Computers and Peripherals by Category: % Volume Growth 2018-2023; Table 15 Sales of Computers and Peripherals by Category: % Value Growth 2018-2023; Table 16 Sales of Computers by Category: Business Volume 2018-2023; Table 17 Sales of Computers by Category: Business Value MSP 2018-2023; Table 18 Sales of Computers by Category: Business Volume Growth 2018-2023; Table 19 Sales of Computers by Category: Business Value MSP Growth 2018-2023; Table 20 NBO Company Shares of Computers and Peripherals: % Volume 2019-2023; Table 21 LBN Brand Shares of Computers and Peripherals: % Volume 2020-2023; Table 22 Distribution of Computers and Peripherals by Channel: % Volume 2018-2023; Table 23 Forecast Sales of Computers and Peripherals by Category: Volume 2023-2028; Table 24 Forecast Sales of Computers and Peripherals by Category: Value 2023-2028; Table 25 Forecast Sales of Computers and Peripherals by Category: % Volume Growth 2023-2028; Table 26 Forecast Sales of Computers and Peripherals by Category: % Value Growth 2023-2028; Table 27 Forecast Sales of Computers by Category: Business Volume 2023-2028; Table 28 Forecast Sales of Computers by Category: Business Value MSP 2023-2028; Table 29 Forecast Sales of Computers by Category: Business Volume Growth 2023-2028; Table 30 Forecast Sales of Computers by Category: Business Value MSP Growth 2023-2028
IN-CAR ENTERTAINMENT IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Double-digit decline in 2023 as smartphone technology improves
In-car navigation loses relevance as car manufacturers incorporate GPS into new vehicles
Pioneer Colombia SA leads a category in sharp decline
PROSPECTS AND OPPORTUNITIES
Despite technological limitations, innovative products could help relieve stagnation
Smartphones continue to threaten all three product areas, especially in-car navigation
Reliance on e-commerce will increase as physical retailers’ enthusiasm continues to wane
CATEGORY DATA: Table 31 Sales of In-Car Entertainment by Category: Volume 2018-2023; Table 32 Sales of In-Car Entertainment by Category: Value 2018-2023; Table 33 Sales of In-Car Entertainment by Category: % Volume Growth 2018-2023; Table 34 Sales of In-Car Entertainment by Category: % Value Growth 2018-2023; Table 35 NBO Company Shares of In-Car Entertainment: % Volume 2019-2023; Table 36 LBN Brand Shares of In-Car Entertainment: % Volume 2020-2023; Table 37 Distribution of In-Car Entertainment by Channel: % Volume 2018-2023; Table 38 Forecast Sales of In-Car Entertainment by Category: Volume 2023-2028; Table 39 Forecast Sales of In-Car Entertainment by Category: Value 2023-2028; Table 40 Forecast Sales of In-Car Entertainment by Category: % Volume Growth 2023-2028; Table 41 Forecast Sales of In-Car Entertainment by Category: % Value Growth 2023-2028
HOME AUDIO AND CINEMA IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
2023 sees a continual decline in volume sales of home audio and cinema
LG continues to lead the category, followed by Samsung and Sony
Emerging brands offer favourable price-quality ratio, while specialist stores cater to a niche consumer base
PROSPECTS AND OPPORTUNITIES
Consumers continue moving towards wireless and smart systems
Connectivity will continue apace in Columbia, affecting category sales
E-commerce growth shows that it can be a useful tool to attract consumers
CATEGORY DATA: Table 42 Sales of Home Audio and Cinema by Category: Volume 2018-2023; Table 43 Sales of Home Audio and Cinema by Category: Value 2018-2023; Table 44 Sales of Home Audio and Cinema by Category: % Volume Growth 2018-2023; Table 45 Sales of Home Audio and Cinema by Category: % Value Growth 2018-2023; Table 46 NBO Company Shares of Home Audio and Cinema: % Volume 2019-2023; Table 47 LBN Brand Shares of Home Audio and Cinema: % Volume 2020-2023; Table 48 Distribution of Home Audio and Cinema by Channel: % Volume 2019-2023; Table 49 Forecast Sales of Home Audio and Cinema by Category: Volume 2023-2028; Table 50 Forecast Sales of Home Audio and Cinema by Category: Value 2023-2028; Table 51 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2023-2028; Table 52 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2023-2028
HOME VIDEO IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Volume sales contract in 2023, as local consumers face budgetary constraints
Large and premium televisions continue to gain ground in Colombia, despite a gloomy economic climate
Samsung continues to lead in 2023, closely followed by LG
PROSPECTS AND OPPORTUNITIES
E-commerce will consolidate its status as a key distribution channel
Higher cost may continue to hamper demand for OLED television
Innovation and promotions will be vital for category growth
CATEGORY DATA: Table 53 Sales of Home Video by Category: Volume 2018-2023; Table 54 Sales of Home Video by Category: Value 2018-2023; Table 55 Sales of Home Video by Category: % Volume Growth 2018-2023; Table 56 Sales of Home Video by Category: % Value Growth 2018-2023; Table 57 Sales of LCD TVs by Network Connectivity: % Retail Volume 2018-2023; Table 58 NBO Company Shares of Home Video: % Volume 2019-2023; Table 59 LBN Brand Shares of Home Video: % Volume 2020-2023; Table 60 Distribution of Home Video by Channel: % Volume 2018-2023; Table 61 Forecast Sales of Home Video by Category: Volume 2023-2028; Table 62 Forecast Sales of Home Video by Category: Value 2023-2028; Table 63 Forecast Sales of Home Video by Category: % Volume Growth 2023-2028; Table 64 Forecast Sales of Home Video by Category: % Value Growth 2023-2028; Table 65 Forecast Sales of LCD TVs by Network Connectivity: % Retail Volume 2023-2028
IMAGING DEVICES IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Volume sales stagnate in 2023 as consumer purchasing power declines
Digital camcorders sees a few new entrants as their popularity dwindles
Canon leads the category in 2023, closely followed by GoPro
PROSPECTS AND OPPORTUNITIES
Innovation will be essential to avoid further decline over the forecast period
Smartphones will continue to attract consumers through multifunctionality and accessible, high-quality cameras
Aggressive pricing and channel penetration will be key to growth
CATEGORY DATA: Table 66 Sales of Imaging Devices by Category: Volume 2018-2023; Table 67 Sales of Imaging Devices by Category: Value 2018-2023; Table 68 Sales of Imaging Devices by Category: % Volume Growth 2018-2023; Table 69 Sales of Imaging Devices by Category: % Value Growth 2018-2023; Table 70 NBO Company Shares of Imaging Devices: % Volume 2019-2023; Table 71 LBN Brand Shares of Imaging Devices: % Volume 2020-2023; Table 72 Distribution of Imaging Devices by Channel: % Volume 2018-2023; Table 73 Forecast Sales of Imaging Devices by Category: Volume 2023-2028; Table 74 Forecast Sales of Imaging Devices by Category: Value 2023-2028; Table 75 Forecast Sales of Imaging Devices by Category: % Volume Growth 2023-2028; Table 76 Forecast Sales of Imaging Devices by Category: % Value Growth 2023-2028
PORTABLE PLAYERS IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Portable players maintains overall volume growth in 2023, underpinned by wireless speakers
Portable media players facing redundancy thanks to smartphone functionality
Bose continues to lead in 2023, closely followed by Sony
PROSPECTS AND OPPORTUNITIES
New opportunities will become available with the rise of e-commerce
Hypermarkets remain the most important distribution channel in the category
Smartwatches and smartphones will threaten portable media players over the forecast period
CATEGORY DATA: Table 77 Sales of Portable Players by Category: Volume 2018-2023; Table 78 Sales of Portable Players by Category: Value 2018-2023; Table 79 Sales of Portable Players by Category: % Volume Growth 2018-2023; Table 80 Sales of Portable Players by Category: % Value Growth 2018-2023; Table 81 NBO Company Shares of Portable Players: % Volume 2019-2023; Table 82 LBN Brand Shares of Portable Players: % Volume 2020-2023; Table 83 Distribution of Portable Players by Channel: % Volume 2018-2023; Table 84 Forecast Sales of Portable Players by Category: Volume 2023-2028; Table 85 Forecast Sales of Portable Players by Category: Value 2023-2028; Table 86 Forecast Sales of Portable Players by Category: % Volume Growth 2023-2028; Table 87 Forecast Sales of Portable Players by Category: % Value Growth 2023-2028
MOBILE PHONES IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Smartphones sees volume decline once again in 2023
Improvement in functions, capacities and access to information are key drivers within smartphones
Xiaomi continues to dominate the category, closely followed by Samsung
PROSPECTS AND OPPORTUNITIES
E-commerce is becoming vital for sales of mobile phones
Emerging brands are predicted to gain further share in the coming years
Premiumisation trend will meet rising demand for greater functionality
CATEGORY DATA: Table 88 Sales of Mobile Phones by Category: Volume 2018-2023; Table 89 Sales of Mobile Phones by Category: Value 2018-2023; Table 90 Sales of Mobile Phones by Category: % Volume Growth 2018-2023; Table 91 Sales of Mobile Phones by Category: % Value Growth 2018-2023; Table 92 Sales of Smartphones by Screen Size: % Retail Volume 2020-2023; Table 93 NBO Company Shares of Mobile Phones: % Volume 2019-2023; Table 94 LBN Brand Shares of Mobile Phones: % Volume 2020-2023; Table 95 Distribution of Mobile Phones by Channel: % Volume 2018-2023; Table 96 Forecast Sales of Mobile Phones by Category: Volume 2023-2028; Table 97 Forecast Sales of Mobile Phones by Category: Value 2023-2028; Table 98 Forecast Sales of Mobile Phones by Category: % Volume Growth 2023-2028; Table 99 Forecast Sales of Mobile Phones by Category: % Value Growth 2023-2028; Table 100 Forecast Sales of Smartphones by Screen Size: % Retail Volume 2023-2028
WEARABLE ELECTRONICS IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Wearable electronics continues to see volume growth in 2023, driven by smart wearables
Huawei remains in pole position in 2023
Wearable electronics continue to attract a broad range of consumers.
PROSPECTS AND OPPORTUNITIES
Companies will continue to innovate to stand out from the crowd
Maintaining a digital presence will be key in the coming years
Players will need to remain dynamic and nimble to compete in a challenging economic climate
CATEGORY DATA: Table 101 Sales of Wearable Electronics by Category: Volume 2018-2023; Table 102 Sales of Wearable Electronics by Category: Value 2018-2023; Table 103 Sales of Wearable Electronics by Category: % Volume Growth 2018-2023; Table 104 Sales of Wearable Electronics by Category: % Value Growth 2018-2023; Table 105 NBO Company Shares of Wearable Electronics: % Volume 2019-2023; Table 106 LBN Brand Shares of Wearable Electronics: % Volume 2020-2023; Table 107 Distribution of Wearable Electronics by Channel: % Volume 2018-2023; Table 108 Forecast Sales of Wearable Electronics by Category: Volume 2023-2028; Table 109 Forecast Sales of Wearable Electronics by Category: Value 2023-2028; Table 110 Forecast Sales of Wearable Electronics by Category: % Volume Growth 2023-2028; Table 111 Forecast Sales of Wearable Electronics by Category: % Value Growth 2023-2028
HEADPHONES IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Headphones sees volume decline in 2023 despite the solid performance of TWS earbuds
TWS earbuds is the clear winner in the macro category
Sony and Apple lead headphones, but Xiaomi is rapidly gaining ground
PROSPECTS AND OPPORTUNITIES
Innovation will remain key for the development of the category in the coming years
Higher cost of TWS may deter consumption amongst price-conscious consumers
Growth of wireless headbands will be supported by gaming trends
CATEGORY DATA: Table 112 Sales of Headphones by Category: Volume 2018-2023; Table 113 Sales of Headphones by Category: Value 2018-2023; Table 114 Sales of Headphones by Category: % Volume Growth 2018-2023; Table 115 Sales of Headphones by Category: % Value Growth 2018-2023; Table 116 NBO Company Shares of Headphones: % Volume 2019-2023; Table 117 LBN Brand Shares of Headphones: % Volume 2020-2023; Table 118 Distribution of Headphones by Channel: % Volume 2018-2023; Table 119 Forecast Sales of Headphones by Category: Volume 2023-2028; Table 120 Forecast Sales of Headphones by Category: Value 2023-2028; Table 121 Forecast Sales of Headphones by Category: % Volume Growth 2023-2028; Table 122 Forecast Sales of Headphones by Category: % Value Growth 2023-2028