Report Update: May 1, 2024

Colombia - Machinery For Making Or Repairing Footwear - Market Analysis, Forecast, Size, Trends And Insights

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Footwear Making Machinery Price in Colombia - 2022

Footwear Making Machinery Price in Colombia (CIF) - 2022

In 2022, the average footwear making machinery import price amounted to $1,356 per unit, shrinking by -25% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58% against the previous year. The import price peaked at $3,291 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($22,316 per unit), while the price for China ($696 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.2%), while the prices for the other major suppliers experienced a decline.

Footwear Making Machinery Price in Colombia (FOB) - 2022

The average footwear making machinery export price stood at $1,737 per unit in 2022, jumping by 21% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 108%. The export price peaked at $3,926 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($3,635 per unit), while the average price for exports to Panama ($768 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Making Machinery Imports in Colombia

Footwear making machinery imports into Colombia surged to 481 units in 2022, growing by 39% on the previous year. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, footwear making machinery imports rose slightly to $652K in 2022. Overall, imports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked at $682K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Footwear Making Machinery in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	213	193	302	319	14.4%
Italy	314	158	24.6	245	-7.9%
Spain	99.8	3.5	271	38.7	-27.1%
Others	54.8	83.3	27.6	49.6	-3.3%
Total	682	439	626	652	-1.5%

Top Suppliers of Footwear Making Machinery to Colombia in 2022:

China (458.0 units)
Italy (11.0 units)
Spain (3.0 units)

Footwear Making Machinery Exports in Colombia

In 2022, approx. 37 units of machinery for making or repairing footwear were exported from Colombia; with a decrease of -41.3% on the previous year. In general, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 294%. As a result, the exports attained the peak of 63 units, and then dropped rapidly in the following year.

In value terms, footwear making machinery exports fell markedly to $64K in 2022. Over the period under review, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 135% against the previous year. The exports peaked at $161K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Footwear Making Machinery in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	55.0	32.7	30.2	36.4	-12.9%
Cuba	4.5	2.0	60.0	27.2	82.2%
Panama	1.3	3.4	N/A	0.8	-14.9%
Costa Rica	N/A	0.4	N/A	N/A	0%
Italy	96.3	N/A	N/A	N/A	0%
Others	3.9	N/A	N/A	N/A	0%
Total	161	38.4	90.1	64.3	-26.4%

Top Export Markets for Footwear Making Machinery from Colombia in 2022:

Cuba (26.0 units)
Ecuador (10.0 units)
Panama (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the footwear making machinery market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28943050 - Machinery for making/repairing footwear including skiving or pairing machines, machines for cutting leather into shapes, p erforating and pricking machines excluding sewing machines

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023