Cranes; Tower Cranes Price in Colombia - 2021

Contents:

  1. Cranes; Tower Cranes Price in Colombia (FOB) - 2021
  2. Cranes; Tower Cranes Price in Colombia (CIF) - 2022
  3. Cranes; Tower Cranes Exports in Colombia
  4. Cranes; Tower Cranes Imports in Colombia

Cranes; Tower Cranes Price in Colombia (FOB) - 2021

In June 2021, the average cranes; tower cranes export price amounted to $73,331 per unit, rising by 28% against the previous month. Over the period under review, the export price, however, recorded a abrupt contraction. Over the period under review, the average export prices hit record highs at $95,983 per unit in April 2021; afterwards, it flattened through to June 2021.

As there is only one major export destination, the average price level is determined by prices for the United States.

From April 2021 to June 2021, the rate of growth in terms of prices for the United States amounted to +28.1% per month.

Cranes; Tower Cranes Price in Colombia (CIF) - 2022

In 2022, the average cranes; tower cranes import price amounted to $90,350 per unit, reducing by -18.8% against the previous year. In general, the import price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 an increase of 47%. The import price peaked at $111,270 per unit in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($136,160 per unit), while the price for Chile ($12,794 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranes; Tower Cranes Exports in Colombia

In 2022, approx. 8 units of cranes; tower craneses were exported from Colombia; which is down by -11.1% on the previous year's figure. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 350% against the previous year. As a result, the exports attained the peak of 9 units, and then declined in the following year.

In value terms, cranes; tower cranes exports fell sharply to $477K in 2022. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 427%. As a result, the exports attained the peak of $801K, and then fell notably in the following year.

Export of Cranes; Tower Cranes in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.655.9409324399.5%
Panama30658.8189131-24.6%
Peru32.67.327.221.8-12.6%
ChileN/AN/A176N/A0%
OthersN/A30.2N/AN/A0%
Total34115280147711.8%

Top Export Markets for Cranes; Tower Cranes from Colombia in 2022:

  1. United States (6.0 units)
  2. Panama (2.0 units)
  3. Peru (1.0 units)

Cranes; Tower Cranes Imports in Colombia

Cranes; tower cranes imports into Colombia expanded rapidly to 9 units in 2022, increasing by 13% compared with 2021. In general, imports, however, faced a sharp setback. Over the period under review, imports attained the peak figure at 41 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cranes; tower cranes imports shrank to $816K in 2022. Over the period under review, imports, however, continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 21%. Imports peaked at $3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Cranes; Tower Cranes in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,9422231.8406-40.6%
Spain41020867.7136-30.8%
Germany12510315888.2-11.0%
United States20025.095.758.5-33.6%
Italy14260.218.943.4-32.6%
Chile40.928.536.917.4-24.8%
France20.312.313.85.7-34.5%
Others10479.250160.9-16.3%
Total2,984738893816-35.1%

Top Suppliers of Cranes; Tower Cranes to Colombia in 2022:

  1. China (4.0 units)
  2. Spain (2.0 units)
  3. Italy (1.0 units)
  4. Germany (1.0 units)
  5. Chile (1.0 units)

Source: IndexBox Market Intelligence Platform

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