Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - Colombia

Colombia

In 2024, the Electric Kettles market in Colombia recorded a revenue of €19.76m.
Looking ahead, the market is projected to experience an annual growth rate of 6.29% (CAGR 2024-2028).
When compared globally, in China stands out as the top revenue generator, with a staggering €1,082m in 2024.
To put things into perspective, in 2024, each household in Colombia is estimated to generate revenues of €1.27 in the Electric Kettles market.
This indicates the market's potential and the demand for electric kettles among households.
Moving on to volume, it is projected that by 2028, the Electric Kettles market in Colombia will reach a volume of 0.8m pieces.
Furthermore, in 2025, the segment is expected to exhibit a volume growth of 3.3%.
These figures highlight the increasing popularity and adoption of electric kettles in the country.
Lastly, the average volume per household in the Electric Kettles market is predicted to be 0.05pieces in 2024.
This metric provides insights into the level of penetration and usage of electric kettles among households in Colombia.
Colombia's growing demand for electric kettles is driven by its coffee culture and the desire for convenience in preparing traditional Colombian beverages.

Key regions: India, United Kingdom, Canada, Germany, United States

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Comparación de regiones

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.