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Consumer Electronics in Colombia

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2021 is proving to be a year of rebound for consumer electronics overall in Colombia, inclusive and regardless of the event of COVID-19 and the associated state of social, economic and political turmoil. As the majority of stores re-opened in 2021 after the lockdown closures seen in 2020, resulting in widespread declines, the category is showing an improvement in its sales figures. However, this recovery is not without its challenges, as several spikes of contagion in 2021 have led to further cl...

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.
Table of Contents
Product Code: CECO

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

COVID-19 impact on consumer electronics Retailing developments 2021 market trends  Competitive landscape What next for consumer electronics?

MARKET DATA

Table 1 Sales of Consumer Electronics by Category: Volume 2016-2021 Table 2 Sales of Consumer Electronics by Category: Value 2016-2021 Table 3 Sales of Consumer Electronics by Category: % Volume Growth 2016-2021 Table 4 Sales of Consumer Electronics by Category: % Value Growth 2016-2021 Table 5 NBO Company Shares of Consumer Electronics: % Volume 2017-2021 Table 6 LBN Brand Shares of Consumer Electronics: % Volume 2018-2021 Table 7 Distribution of Consumer Electronics by Channel: % Volume 2016-2021 Table 8 Forecast Sales of Consumer Electronics by Category: Volume 2021-2026 Table 9 Forecast Sales of Consumer Electronics by Category: Value 2021-2026 Table 10 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2021-2026 Table 11 Forecast Sales of Consumer Electronics by Category: % Value Growth 2021-2026

DISCLAIMER

SOURCES

Summary 1 Research Sources

COMPUTERS AND PERIPHERALS IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Computers are peripherals falls into declining figures in 2021, due to semiconductor shortage crisis Tablets see a renewed boost in popularity, thanks to remote learning trends for students Government drive to ensure citizens have access to digital technology is enhanced by the event of the pandemic

PROSPECTS AND OPPORTUNITIES

Gaming trend set to push growth in both volume and value over the forecast period New working behaviours will favour portable and slim computer products, over classical desktops Remote learning set to continue to stimulate sales of tablets over the forecast period

CATEGORY DATA

Table 12 Sales of Computers and Peripherals by Category: Volume 2016-2021 Table 13 Sales of Computers and Peripherals by Category: Value 2016-2021 Table 14 Sales of Computers and Peripherals by Category: % Volume Growth 2016-2021 Table 15 Sales of Computers and Peripherals by Category: % Value Growth 2016-2021 Table 16 Sales of Computers by Category: Business Volume 2016-2021 Table 17 Sales of Computers by Category: Business Value MSP 2016-2021 Table 18 Sales of Computers by Category: Busines Volume Growth 2016-2021 Table 19 Sales of Computers by Category: Business Value MSP Growth 2016-2021 Table 20 NBO Company Shares of Computers and Peripherals: % Volume 2017-2021 Table 21 LBN Brand Shares of Computers and Peripherals: % Volume 2018-2021 Table 22 Distribution of Computers and Peripherals by Channel: % Volume 2016-2021 Table 23 Forecast Sales of Computers and Peripherals by Category: Volume 2021-2026 Table 24 Forecast Sales of Computers and Peripherals by Category: Value 2021-2026 Table 25 Forecast Sales of Computers and Peripherals by Category: % Volume Growth 2021-2026 Table 26 Forecast Sales of Computers and Peripherals by Category: % Value Growth 2021-2026 Table 27 Forecast Sales of Computers by Category: Business Volume 2021-2026 Table 28 Forecast Sales of Computers by Category: Business Value MSP 2021-2026 Table 29 Forecast Sales of Computers by Category: Busines Volume Growth 2021-2026 Table 30 Forecast Sales of Computers by Category: Business Value MSP Growth 2021-2026

IN-CAR ENTERTAINMENT IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Steep decline in vehicle registration leads to overall lower spending on auto products Lack of vehicular events leads to downturn in car upgrade hobbyist activity Multi-functional devices lead the way in new developments, as in-car navigation systems become obsolete

PROSPECTS AND OPPORTUNITIES

Car-mounted displays and tablets offer a new form of in-car entertainment Multiple-device connectivity options become essential selling points Online channels prove to be optimal for players in in-car entertainment

CATEGORY DATA

Table 31 Sales of In-Car Entertainment by Category: Volume 2016-2021 Table 32 Sales of In-Car Entertainment by Category: Value 2016-2021 Table 33 Sales of In-Car Entertainment by Category: % Volume Growth 2016-2021 Table 34 Sales of In-Car Entertainment by Category: % Value Growth 2016-2021 Table 35 NBO Company Shares of In-Car Entertainment: % Volume 2017-2021 Table 36 LBN Brand Shares of In-Car Entertainment: % Volume 2018-2021 Table 37 Distribution of In-Car Entertainment by Channel: % Volume 2016-2021 Table 38 Forecast Sales of In-Car Entertainment by Category: Volume 2021-2026 Table 39 Forecast Sales of In-Car Entertainment by Category: Value 2021-2026 Table 40 Forecast Sales of In-Car Entertainment by Category: % Volume Growth 2021-2026 Table 41 Forecast Sales of In-Car Entertainment by Category: % Value Growth 2021-2026

HOME AUDIO AND CINEMA IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Enhanced home cinema technology stimulates sales in an otherwise negative spending environment Sound bars continue to gain in popularity, thanks to triple benefits of sound quality, convenience, and price Trend of polarisation in audio devices is helping to drive sales moving forwards

PROSPECTS AND OPPORTUNITIES

Growth of Chinese brands seen in mature sub-categories, while leading brands focus on more profitable options Specialised audio stores gain ground, catering to a niche consumer audience of afficionados Rise in connected devices will ultimately mean the slow demise of traditional audio equipment

CATEGORY DATA

Table 42 Sales of Home Audio and Cinema by Category: Volume 2016-2021 Table 43 Sales of Home Audio and Cinema by Category: Value 2016-2021 Table 44 Sales of Home Audio and Cinema by Category: % Volume Growth 2016-2021 Table 45 Sales of Home Audio and Cinema by Category: % Value Growth 2016-2021 Table 46 NBO Company Shares of Home Audio and Cinema: % Volume 2017-2021 Table 47 LBN Brand Shares of Home Audio and Cinema: % Volume 2018-2021 Table 48 Distribution of Home Audio and Cinema by Channel: % Volume 2017-2021 Table 49 Forecast Sales of Home Audio and Cinema by Category: Volume 2021-2026 Table 50 Forecast Sales of Home Audio and Cinema by Category: Value 2021-2026 Table 51 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2021-2026 Table 52 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2021-2026

HOME VIDEO IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Televisions with innovative technologies consolidate the home video category Streaming impacts how consumers perceive home video Limited production of materials, microchips and panels push up prices and limit availability

PROSPECTS AND OPPORTUNITIES

Samsung and LG benefit from their investments into QLED TVs, heralding new emerging trend in technology After several years with sales increases, televisions face saturation unless they evolve to keep up with emerging trends Traditional televisions will continue to face competition from other screens

CATEGORY DATA

Table 53 Sales of Home Video by Category: Volume 2016-2021 Table 54 Sales of Home Video by Category: Value 2016-2021 Table 55 Sales of Home Video by Category: % Volume Growth 2016-2021 Table 56 Sales of Home Video by Category: % Value Growth 2016-2021 Table 57 Sales of LCD TVs by Network Connectivity: % Retail Volume 2016-2021 Table 58 NBO Company Shares of Home Video: % Volume 2017-2021 Table 59 LBN Brand Shares of Home Video: % Volume 2018-2021 Table 60 Distribution of Home Video by Channel: % Volume 2016-2021 Table 61 Forecast Sales of Home Video by Category: Volume 2021-2026 Table 62 Forecast Sales of Home Video by Category: Value 2021-2026 Table 63 Forecast Sales of Home Video by Category: % Volume Growth 2021-2026 Table 64 Forecast Sales of Home Video by Category: % Value Growth 2021-2026 Table 65 Forecast Sales of LCD TVs by Network Connectivity: % Retail Volume 2021-2026

IMAGING DEVICES IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Imaging devices temporarily rebound in 2021 but the rise of multifunctional smartphones continues to cannibalise sales Advances in technology and the growing adoption of mirrorless cameras set to help bolster the category moving forwards Commercial photography will continue to depend on digital cameras, as smartphones fall short on professional quality imaging

PROSPECTS AND OPPORTUNITIES

GoPro camera trend suffers pandemic-related restrictions, but is expected to bounce back over the forecast period Mirrorless cameras tipped as ones to watch over the forecast period Competition set to continue from smartphones beyond the commercial industry

CATEGORY DATA

Table 66 Sales of Imaging Devices by Category: Volume 2016-2021 Table 67 Sales of Imaging Devices by Category: Value 2016-2021 Table 68 Sales of Imaging Devices by Category: % Volume Growth 2016-2021 Table 69 Sales of Imaging Devices by Category: % Value Growth 2016-2021 Table 70 NBO Company Shares of Imaging Devices: % Volume 2017-2021 Table 71 LBN Brand Shares of Imaging Devices: % Volume 2018-2021 Table 72 Distribution of Imaging Devices by Channel: % Volume 2016-2021 Table 73 Forecast Sales of Imaging Devices by Category: Volume 2021-2026 Table 74 Forecast Sales of Imaging Devices by Category: Value 2021-2026 Table 75 Forecast Sales of Imaging Devices by Category: % Volume Growth 2021-2026 Table 76 Forecast Sales of Imaging Devices by Category: % Value Growth 2021-2026

PORTABLE PLAYERS IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

The ongoing popularity of wireless speakers keeps overall category of portable players afloat E-readers (and other portable appliances) continue to fall from grace in line with the growth of smartphones Bose maintains its lead in intensely competitive sub-category of wireless speakers

PROSPECTS AND OPPORTUNITIES

Sonos launch in Colombia set to further heighten competition in wireless speakers Portable media players will continue to struggle over forecast period New launches set to be driven by enhanced connectivity and sound quality, with polarisation expected

CATEGORY DATA

Table 77 Sales of Portable Players by Category: Volume 2016-2021 Table 78 Sales of Portable Players by Category: Value 2016-2021 Table 79 Sales of Portable Players by Category: % Volume Growth 2016-2021 Table 80 Sales of Portable Players by Category: % Value Growth 2016-2021 Table 81 NBO Company Shares of Portable Players: % Volume 2017-2021 Table 82 LBN Brand Shares of Portable Players: % Volume 2017-2021 Table 83 Distribution of Portable Players by Channel: % Volume 2016-2021 Table 84 Forecast Sales of Portable Players by Category: Volume 2021-2026 Table 85 Forecast Sales of Portable Players by Category: Value 2021-2026 Table 86 Forecast Sales of Portable Players by Category: % Volume Growth 2021-2026 Table 87 Forecast Sales of Portable Players by Category: % Value Growth 2021-2026

MOBILE PHONES IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Trend for cheaper smartphones boosts sales of low-price models, with overall sales also helped by VAT exemption rule Huawei continues to fall from grace, due to Trump sanctions and lack of Google connectivity The microchip crisis leads to temporary shortages in smartphone models

PROSPECTS AND OPPORTUNITIES

New player WOM triggers an aggressive marketing battle which looks set to lead to discount promotions Consumers of medium-range models are increasingly seeking greater functionality at higher price tags Falling demand overall set to lead to volume declines and players will struggle to make up their losses in value

CATEGORY DATA

Table 88 Sales of Mobile Phones by Category: Volume 2016-2021 Table 89 Sales of Mobile Phones by Category: Value 2016-2021 Table 90 Sales of Mobile Phones by Category: % Volume Growth 2016-2021 Table 91 Sales of Mobile Phones by Category: % Value Growth 2016-2021 Table 92 Sales of Smartphones by Screen Size: % Retail Volume 2018-2021 Table 93 NBO Company Shares of Mobile Phones: % Volume 2017-2021 Table 94 LBN Brand Shares of Mobile Phones: % Volume 2018-2021 Table 95 Distribution of Mobile Phones by Channel: % Volume 2017-2021 Table 96 Forecast Sales of Mobile Phones by Category: Volume 2021-2026 Table 97 Forecast Sales of Mobile Phones by Category: Value 2021-2026 Table 98 Forecast Sales of Mobile Phones by Category: % Volume Growth 2021-2026 Table 99 Forecast Sales of Mobile Phones by Category: % Value Growth 2021-2026 Table 100 Forecast Sales of Smartphones by Screen Size: % Retail Volume 2021-2026

WEARABLE ELECTRONICS IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

Contactless payment solutions boost sales of smartwatches, with the method enhanced by the event of COVID-19 Functionality in monitoring vital signs and good health habits will maintain the ongoing dynamic performance of smartwatches Huawei strengthens its lead in wearable electronics, but faces ongoing challenges from new competition and existing restrictions

PROSPECTS AND OPPORTUNITIES

Technological innovation within wearable electronics drives migration from non-display to display-enabled devices Could 5G be a game-changer for wearables electronics, from development to adoption? Samsung and Apple set to drive innovation in smartwatches over the forecast period, from technological developments through to aesthetic design

CATEGORY DATA

Table 101 Sales of Wearable Electronics by Category: Volume 2016-2021 Table 102 Sales of Wearable Electronics by Category: Value 2016-2021 Table 103 Sales of Wearable Electronics by Category: % Volume Growth 2016-2021 Table 104 Sales of Wearable Electronics by Category: % Value Growth 2016-2021 Table 105 NBO Company Shares of Wearable Electronics: % Volume 2017-2021 Table 106 LBN Brand Shares of Wearable Electronics: % Volume 2018-2021 Table 107 Distribution of Wearable Electronics by Channel: % Volume 2016-2021 Table 108 Forecast Sales of Wearable Electronics by Category: Volume 2021-2026 Table 109 Forecast Sales of Wearable Electronics by Category: Value 2021-2026 Table 110 Forecast Sales of Wearable Electronics by Category: % Volume Growth 2021-2026 Table 111 Forecast Sales of Wearable Electronics by Category: % Value Growth 2021-2026

HEADPHONES IN COLOMBIA

KEY DATA FINDINGS

2021 DEVELOPMENTS

The event of COVID-19 changes consumer preferences for headphones Sports and gaming are driving developments and sales within headphones Global players drive developments in both technology and aesthetic design

PROSPECTS AND OPPORTUNITIES

Further developments in smart "hearables" expected over the forecast period, combining health and wellbeing with entertainment Headphones expected to see continued robust growth over the forecast period Sporting activities and gaming trends will remain relevant to developments and sales over the forecast period

CATEGORY DATA

Table 112 Sales of Headphones by Category: Volume 2016-2021 Table 113 Sales of Headphones by Category: Value 2016-2021 Table 114 Sales of Headphones by Category: % Volume Growth 2016-2021 Table 115 Sales of Headphones by Category: % Value Growth 2016-2021 Table 116 NBO Company Shares of Headphones: % Volume 2017-2021 Table 117 LBN Brand Shares of Headphones: % Volume 2018-2021 Table 118 Distribution of Headphones by Channel: % Volume 2016-2021 Table 119 Forecast Sales of Headphones by Category: Volume 2021-2026 Table 120 Forecast Sales of Headphones by Category: Value 2021-2026 Table 121 Forecast Sales of Headphones by Category: % Volume Growth 2021-2026 Table 122 Forecast Sales of Headphones by Category: % Value Growth 2021-2026