Domestic Toaster Market in Colombia
Market Overview
In 
, the Colombian domestic toaster market increased by % to $ for the first time since 2015, thus ending a six-year declining trend. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
, the Colombian domestic toaster market increased by % to $ for the first time since 2015, thus ending a six-year declining trend. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.Consumption
In , after six years of decline, there was growth in consumption of domestic electric toasters, when its volume increased by % to units. In general, consumption continues to indicate strong growth. Domestic toaster consumption peaked at units in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
The size of the domestic toaster market in Colombia expanded modestly to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a prominent increase. Domestic toaster consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
, after six years of decline, there was growth in consumption of domestic electric toasters, when its volume increased by % to units. In general, consumption continues to indicate strong growth. Domestic toaster consumption peaked at units in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.The size of the domestic toaster market in Colombia expanded modestly to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a prominent increase. Domestic toaster consumption peaked at $ in 2015; however, from 2016 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for domestic electric toasters in Colombia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Domestic toaster market in Colombia consists almost entirely of imported products.
Trade Balance
Colombia remains a net importer of domestic toaster; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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