Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia - 2022

Contents:

  1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (CIF) - 2022
  2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (FOB) - 2022
  3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia
  4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (CIF) - 2022

The average import price for drawing, marking-out or mathematical calculating instrumentses stood at $5.6 per unit in 2022, falling by -18% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for drawing, marking-out or mathematical calculating instrumentses increased by +14.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. Over the period under review, average import prices reached the peak figure at $7.4 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($6 per unit), while the price for China stood at $5.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%).

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (FOB) - 2022

The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $4.1 per unit in 2022, with a decrease of -28.7% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $13 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($7.2 per unit), while the average price for exports to Venezuela ($1.7 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 Trinidad and Tobago (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia

In 2022, approx. 453K units of drawing, marking-out or mathematical calculating instrumentses were imported into Colombia; with an increase of 70% compared with the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses soared to $2.5M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,0741,6831,6402,2873.3%
Peru38.127.233.353.712.1%
Others262152141188-10.5%
Total2,3741,8621,8142,5292.1%

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Colombia in 2022:

  1. China (437.0K units)
  2. Peru (9.0K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia

Exports of drawing, marking-out or mathematical calculating instrumentses from Colombia skyrocketed to 5.4K units in 2022, jumping by 59% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 178%. The exports peaked at 9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses stood at $22K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. Over the period under review, the exports of hit record highs at $74K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Drawing, Marking-Out or Mathematical Calculating Instruments in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BoliviaN/AN/AN/A12.50%
Ecuador53.91.73.83.6-59.4%
Uruguay0.8N/A0.31.626.0%
Guatemala1.9N/A1.50.9-22.0%
Venezuela1.20.9N/A0.7-16.4%
Nicaragua8.05.310.70.6-57.8%
Panama1.9N/AN/A0.5-35.9%
HondurasN/AN/AN/A0.20%
CubaN/A0.50.50.2-36.8%
Others6.31.82.81.1-44.1%
Total74.110.319.522.1-33.2%

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Colombia in 2022:

  1. Bolivia (2958.0 units)
  2. Ecuador (647.0 units)
  3. Uruguay (543.0 units)
  4. Venezuela (431.0 units)
  5. Guatemala (267.0 units)
  6. Nicaragua (153.0 units)
  7. Honduras (98.0 units)
  8. Cuba (87.0 units)
  9. Panama (76.0 units)

Source: IndexBox Market Intelligence Platform

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