Report Update: Apr 1, 2024

Colombia - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights

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Non-Propelled Vehicle Price in Colombia - 2022

Non-Propelled Vehicle Price in Colombia (CIF) - 2022

In February 2022, the average non-propelled vehicle import price amounted to $3.9 per unit, which is down by -81% against the previous month. In general, the import price saw a abrupt decline. The pace of growth was the most pronounced in January 2022 an increase of 58% against the previous month. The import price peaked at $31.8 per unit in April 2021; however, from May 2021 to February 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($43.3 per unit), while the price for China totaled $2.0 per unit.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%).

Non-Propelled Vehicle Price in Colombia (FOB) - 2022

In 2022, the average non-propelled vehicle export price amounted to $39 per unit, with an increase of 7.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs at $51 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($48 per unit), while the average price for exports to Bolivia ($14 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 Panama (+3.0%), while the prices for the other major destinations experienced a decline.

Non-Propelled Vehicle Imports in Colombia

Non-propelled vehicle imports into Colombia contracted markedly to 243K units in 2022, which is down by -37.8% compared with the previous year's figure. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 215%. As a result, imports reached the peak of 391K units, and then fell significantly in the following year.

In value terms, non-propelled vehicle imports shrank sharply to $15M in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 283% against the previous year. As a result, imports attained the peak of $23M, and then dropped markedly in the following year.

Import of Non-Propelled Vehicle in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.5	3.7	12.9	8.2	32.8%
Mexico	0.7	0.7	5.3	3.4	69.4%
United States	1.4	0.9	2.9	1.8	8.7%
Others	0.7	0.8	2.2	1.4	26.0%
Total	6.4	6.1	23.4	14.7	31.9%

Top Suppliers of Non-Propelled Vehicle to Colombia in 2022:

China (207.1K units)
Mexico (26.8K units)
United States (6.2K units)

Non-Propelled Vehicle Exports in Colombia

In 2022, shipments abroad of vehicles not mechanically propelled decreased by -31.8% to 29K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of 43K units, and then dropped notably in the following year.

In value terms, non-propelled vehicle exports contracted rapidly to $1.1M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 116% against the previous year. As a result, the exports reached the peak of $1.6M, and then fell sharply in the following year.

Export of Non-Propelled Vehicle in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	22.5	693	36.6	933	246.1%
Ecuador	263	9.2	676	96.8	-28.3%
Honduras	7.9	2.7	238	34.1	62.8%
United States	46.7	3.0	148	21.2	-23.1%
Bolivia	0.8	2.2	64.4	9.2	125.7%
Others	118	5.9	387	39.1	-30.8%
Total	458	716	1,550	1,133	35.2%

Top Export Markets for Non-Propelled Vehicle from Colombia in 2022:

Panama (19.6K units)
Ecuador (5.0K units)
Honduras (2.2K units)
United States (0.7K units)
Bolivia (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys

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