Colombia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Colombia

The Colombian machine-tool for removing material market skyrocketed to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of machine-tools for working any material by removal of material, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, machine-tool for removing material exports contracted significantly to $X in 2022. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Brazil (X units), Costa Rica (X units) and Ecuador (X units) were the main destinations of machine-tool for removing material exports from Colombia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Brazil ($X) and Panama ($X) were the largest markets for machine-tool for removing material exported from Colombia worldwide, together accounting for X% of total exports. Costa Rica, Peru, Guatemala, the United States, Spain and Chile lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average machine-tool for removing material export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Chile ($X 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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Colombia

In 2022, machine-tool for removing material imports into Colombia soared to X units, growing by X% against the previous year. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main machine-tool for removing material supplier to Colombia, with a X% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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