Colombia Automotive Sector Report 2023-2024

The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle producer and seller in Latin America in 2022. Moreover, the dynamic growth of the domestic market continued to foster the development of the domestic motorcycle industry in 2022. There is potential for development in the export market, however, Colombia presents chronic trade deficits in motorcycles. Concerning four-wheel motor vehicles, Colombia was the fourth-largest producer and the fifth-biggest market of four-wheel vehicles sales in Latin America in 2022. Nevertheless, the industry presents a relatively low scale of production compared to regional competitors. Moreover, Colombia relies mainly on imported four-wheel motor vehicles to meet domestic demand, resulting in chronic trade deficits. The enhancement of the international competitiveness of the Colombian automotive industry is a major requisite for the development of the sector.

This report provides a complete and detailed analysis of the "Automotive" sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Automotive" sector in Colombia
• Crystallise the forces both driving and restraining this sector in Colombia
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia.
• Build a clear picture of trends, output and consumption for specific sub-sectors