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Colombian economics conditions slows down the Technical Consumer Goods Market

GfK TEMAX results for Colombia, Q2 2017

Bogota, August 15 2017 - In the second quarter of 2017, the Technical Consumer Goods market (TCG) grew by 2.4% compared to the same period of 2016. This growth was derived by the good performance of the following sectors: TELCO, MDA and SDA. Although, the overall result of the quarter was positive, compared with the performance of the previous quarter, the economy is reflecting a significant decline in the market growth rate. This result, due to the economic conditions that the country is facing ,which created side effects in the consumer confidence index, debt levels and hence, in a reduction in consumption.

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GfK, Colombia
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+57 1 640 1250

Table summary

Colombia Q2 2017
Q3 2016 M. COP Q4 2016 M. COP Q1 2017 M. COP Q2 2017 M. COP Q2 2017 / Q2 2016 / +/- % Q1-Q2 2017 M. COP Q1-Q2 2017 / Q1-Q2 2016 +/- %
Consumer Electronics (CE) 754,128 996,633 587,712 692,998 -12.4% 1,280,710 -8.7%
Photography (PH) 11,387 13,719 9,461 10,341 -12.2% 19,802 -29.9%
Major Domestic Appliances (MDA) 636,036 686,593 628,505 663,204 5.4% 1,291,709 3.1%
Small Domestic Appliances (SDA) 78,893 95,364 79,136 86,638 13.4% 165,775 6.7%
Information Technology (IT) 467,188 518,645 440,077 368,210 -11.5% 808,287 -7.3%
Telecommunications (TC) 1,037,214 1,351,642 1,143,685 1,251,637 17.7% 2,395,322 18.4%
Office Equipment & Consumables (OE) 52,213 42,167 58,397 44,221 -22.5% 102,618 -6.3%
GfK TEMAX ® Colombia 3,037,060 3,704,763 2,946,973 3,117,249 2.4% 6,064,222 3.8%

Economic data 2017

Colombia
  • 1.3
    GDP growth in %
  • 5,805
    GDP per capita in USD
  • 8.7
    Unemployment rate in %
  • 4.0
    Inflation rate, avg. consumer prices in %
  • 12,339,813
    Number of households
  • N/A
    Purchasing power per household in EUR
Data by World Bank, DANE and Banco de la República de Colombia
General