Report Update: May 1, 2024

Colombia - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights

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Flywheels and Pulleys Price in Colombia - 2022

Flywheels and Pulleys Price in Colombia (CIF) - 2022

In February 2022, the average flywheels and pulleys import price amounted to $13,879 per ton, increasing by 7.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 57% m-o-m. Over the period under review, average import prices reached the peak figure at $19,445 per ton in June 2021; however, from July 2021 to February 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Japan ($42,307 per ton), while the price for China ($6,596 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Flywheels and Pulleys Price in Colombia (FOB) - 2022

The average flywheels and pulleys export price stood at $3,505 per ton in 2022, stabilizing at the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2017 an increase of 48%. Over the period under review, the average export prices attained the maximum at $9,267 per ton in 2012; however, from 2013 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 Ecuador ($13,107 per ton), while the average price for exports to the United States ($2,445 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-8.6%), while the prices for the other major destinations experienced a decline.

Flywheels and Pulleys Imports in Colombia

In 2022, flywheels and pulleys imports into Colombia reduced to 1K tons, which is down by -12% against the year before. In general, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 1.1K tons, and then shrank in the following year.

In value terms, flywheels and pulleys imports dropped to $15M in 2022. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $17M, and then shrank in the following year.

Import of Flywheels and Pulleys in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.1	3.7	2.5	2.8	-11.9%
Germany	3.2	1.4	3.2	2.6	-6.7%
China	2.3	2.4	3.0	2.5	2.8%
Italy	1.3	2.0	2.7	2.2	19.2%
South Korea	0.8	0.8	1.4	1.2	14.5%
Japan	1.0	0.7	0.7	0.7	-11.2%
Brazil	0.6	0.3	0.6	0.5	-5.9%
France	0.8	0.4	0.6	0.5	-14.5%
Others	2.6	1.6	2.3	2.2	-5.4%
Total	16.8	13.2	17.1	15.1	-3.5%

Top Suppliers of Flywheels and Pulleys to Colombia in 2022:

China (405.2 tons)
Germany (140.7 tons)
United States (124.5 tons)
Italy (96.3 tons)
South Korea (66.0 tons)
Brazil (31.2 tons)
Japan (30.5 tons)
France (16.0 tons)

Flywheels and Pulleys Exports in Colombia

In 2022, approx. 179 tons of flywheels and pulleys were exported from Colombia; dropping by -26.6% against 2021. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 118% against the previous year. As a result, the exports reached the peak of 244 tons, and then fell remarkably in the following year.

In value terms, flywheels and pulleys exports declined sharply to $628K in 2022. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 117% against the previous year. As a result, the exports reached the peak of $860K, and then contracted markedly in the following year.

Export of Flywheels and Pulleys in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	166	260	367	384	32.3%
Ecuador	61.2	90.3	120	126	27.2%
Panama	14.5	3.6	52.4	54.9	55.9%
Venezuela	36.0	0.2	11.9	16.2	-23.4%
Others	147	41.5	309	47.1	-31.6%
Total	424	396	860	628	14.0%

Top Export Markets for Flywheels and Pulleys from Colombia in 2022:

United States (157.1 tons)
Ecuador (9.6 tons)
Panama (5.6 tons)
Venezuela (3.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)

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