| Product Code: ETC6768007 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Colombia continued to see significant import shipments of light vehicles, with top exporters including Brazil, South Korea, Mexico, USA, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 13.08%, showing sustained growth in the sector. Additionally, the growth rate from 2023 to 2024 was 11.58%, demonstrating a healthy expansion trend. Colombia automotive market remains dynamic and attractive to key global players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Light Vehicles Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Light Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Light Vehicles Market - Industry Life Cycle |
3.4 Colombia Light Vehicles Market - Porter's Five Forces |
3.5 Colombia Light Vehicles Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Colombia Light Vehicles Market Revenues & Volume Share, By Transmission, 2021 & 2031F |
3.7 Colombia Light Vehicles Market Revenues & Volume Share, By Drivetrain, 2021 & 2031F |
3.8 Colombia Light Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Colombia Light Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income of the middle-class population in Colombia |
4.2.2 Increasing urbanization leading to higher demand for personal transportation |
4.2.3 Government initiatives promoting the use of environmentally friendly vehicles |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices impacting consumer purchasing power |
4.3.2 High import tariffs on vehicles affecting affordability |
4.3.3 Political instability and regulatory changes impacting consumer confidence |
5 Colombia Light Vehicles Market Trends |
6 Colombia Light Vehicles Market, By Types |
6.1 Colombia Light Vehicles Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Light Vehicles Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Colombia Light Vehicles Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Colombia Light Vehicles Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.1.5 Colombia Light Vehicles Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.1.6 Colombia Light Vehicles Market Revenues & Volume, By Electric, 2021- 2031F |
6.2 Colombia Light Vehicles Market, By Transmission |
6.2.1 Overview and Analysis |
6.2.2 Colombia Light Vehicles Market Revenues & Volume, By Manual, 2021- 2031F |
6.2.3 Colombia Light Vehicles Market Revenues & Volume, By Automatic, 2021- 2031F |
6.3 Colombia Light Vehicles Market, By Drivetrain |
6.3.1 Overview and Analysis |
6.3.2 Colombia Light Vehicles Market Revenues & Volume, By Front Wheel Drive (FWD), 2021- 2031F |
6.3.3 Colombia Light Vehicles Market Revenues & Volume, By Rear Wheel Drive (RWD), 2021- 2031F |
6.3.4 Colombia Light Vehicles Market Revenues & Volume, By Four Wheel Drive (4WD), 2021- 2031F |
6.3.5 Colombia Light Vehicles Market Revenues & Volume, By All-Wheel Drive (AWD), 2021- 2031F |
6.4 Colombia Light Vehicles Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Colombia Light Vehicles Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.4.3 Colombia Light Vehicles Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Colombia Light Vehicles Market Import-Export Trade Statistics |
7.1 Colombia Light Vehicles Market Export to Major Countries |
7.2 Colombia Light Vehicles Market Imports from Major Countries |
8 Colombia Light Vehicles Market Key Performance Indicators |
8.1 Average age of vehicles on the road in Colombia |
8.2 Number of charging stations for electric vehicles in the country |
8.3 Growth in demand for SUVs and crossover vehicles in the market |
9 Colombia Light Vehicles Market - Opportunity Assessment |
9.1 Colombia Light Vehicles Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Colombia Light Vehicles Market Opportunity Assessment, By Transmission, 2021 & 2031F |
9.3 Colombia Light Vehicles Market Opportunity Assessment, By Drivetrain, 2021 & 2031F |
9.4 Colombia Light Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Colombia Light Vehicles Market - Competitive Landscape |
10.1 Colombia Light Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Colombia Light Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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