Colombia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Colombia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights

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Crane Price in Colombia - 2022

Contents:

  1. Crane Price in Colombia (CIF) - 2022
  2. Crane Price in Colombia (FOB) - 2022
  3. Crane Imports in Colombia
  4. Crane Exports in Colombia

Crane Price in Colombia (CIF) - 2022

In February 2022, the average crane import price amounted to $172K per unit, reducing by -3.3% against the previous month. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in October 2021 an increase of 221% m-o-m. Over the period under review, average import prices hit record highs at $235K per unit in February 2021; afterwards, it flattened through to February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($528K per unit), while the price for Spain ($23,361 per unit) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by France (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Crane Price in Colombia (FOB) - 2022

In 2022, the average crane export price amounted to $7,007 per unit, reducing by -4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 53%. Over the period under review, the average export prices hit record highs at $12,449 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($7,228 per unit), while the average price for exports to Peru totaled $5,468 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-2.3%), while the prices for the other major destinations experienced a decline.

Crane Imports in Colombia

For the third year in a row, Colombia recorded decline in supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, which decreased by -2.8% to 1.3K units in 2022. In general, imports continue to indicate a significant curtailment. Over the period under review, imports attained the maximum at 3K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, crane imports totaled $19M in 2022. Overall, imports recorded a abrupt downturn. Over the period under review, imports attained the maximum at $27M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Crane in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.96.16.85.744.2%
United States5.62.22.92.9-19.7%
Italy3.32.53.02.6-7.6%
Spain2.33.21.01.7-9.6%
China4.30.71.01.6-28.1%
Austria2.52.00.51.3-19.6%
Japan3.70.10.41.1-33.3%
Others3.73.03.32.4-13.4%
Total27.219.718.919.3-10.8%

Top Suppliers of Crane to Colombia in 2022:

  1. United States (250.0 units)
  2. Germany (240.0 units)
  3. China (213.0 units)
  4. Italy (183.0 units)
  5. Japan (144.0 units)
  6. Spain (134.0 units)
  7. Austria (51.0 units)

Crane Exports in Colombia

In 2022, crane exports from Colombia declined dramatically to 198 units, shrinking by -41.6% compared with 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 897%. As a result, the exports attained the peak of 339 units, and then reduced notably in the following year.

In value terms, crane exports shrank sharply to $1.4M in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 716% against the previous year. As a result, the exports reached the peak of $2.5M, and then reduced rapidly in the following year.

Export of Crane in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama12.729.41,2251,251361.8%
Peru46.311113413643.2%
Ecuador510N/A65.4N/A-64.2%
United StatesN/A75.6747N/A888.1%
Mexico365N/AN/AN/A0%
Chile0.4N/A249N/A2395.0%
OthersN/A87.152.0N/A-40.3%
Total9343032,4721,38714.1%

Top Export Markets for Crane from Colombia in 2022:

  1. Panama (173.0 units)
  2. Peru (25.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the crane 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 28221420 - Overhead travelling cranes on fixed support
  • Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
  • Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
  • Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
  • Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
  • Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
  • Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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