Key Market Indicators
Colombia's aircraft parts imports are expected to drop to $59 million by 2026, a 6.7% fall from 2021's figure of $86 million. Over the past 25 years, Colombian demand has decreased by 8.3% year on year. In 2021, Nigeria overtook Colombia as the world's 46th largest importer of aircraft parts, while France, Germany, and Singapore followed in second, third and fourth place respectively. Colombia's aircraft parts exports are predicted to grow 1.4% on average year on year, reaching $34 million by 2026. The country's supply has decreased by 0.9% year on year since 1996. Lithuania overtook Colombia as the world's 47th largest exporter of aircraft parts in 2021, with Germany, Singapore, and France taking second, third and fourth place respectively.
