Colombia - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Colombia - 2022
Contents:
- Price for Balancing Mechanical Parts Machine in Colombia (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Colombia (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Colombia
- Exports of Balancing Mechanical Parts Machine in Colombia
Price for Balancing Mechanical Parts Machine in Colombia (CIF) - 2022
The average balancing mechanical parts machine import price stood at $3,021 per unit in 2022, surging by 35% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52% against the previous year. Over the period under review, average import prices hit record highs at $4,304 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($6,290 per unit), while the price for Turkey ($447 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Balancing Mechanical Parts Machine in Colombia (FOB) - 2022
In 2022, the average balancing mechanical parts machine export price amounted to $1,165 per unit, falling by -33.1% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $3,802 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($43,569 per unit), while the average price for exports to Spain ($77 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 Costa Rica (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in Colombia
Balancing mechanical parts machine imports into Colombia shrank dramatically to 484 units in 2022, declining by -42.5% compared with the previous year's figure. In general, imports showed a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 89%. Over the period under review, imports hit record highs at 999 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, balancing mechanical parts machine imports contracted rapidly to $1.5M in 2022. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 80%. Imports peaked at $2.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Balancing Mechanical Parts Machine in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 770 | 456 | 719 | 953 | 7.4% |
| Spain | 158 | 50.9 | 141 | 84.5 | -18.8% |
| China | 358 | 136 | 401 | 82.0 | -38.8% |
| Italy | 45.8 | 21.4 | 33.7 | 53.6 | 5.4% |
| Ecuador | 10.7 | 19.6 | 67.6 | 31.6 | 43.5% |
| Peru | 24.8 | 33.9 | 33.5 | 15.7 | -14.1% |
| Turkey | 14.3 | 12.4 | 10.6 | 5.7 | -26.4% |
| Russia | 147 | N/A | N/A | N/A | 0% |
| Others | 845 | 316 | 475 | 237 | -34.5% |
| Total | 2,373 | 1,046 | 1,881 | 1,464 | -14.9% |
Top Suppliers of Balancing Mechanical Parts Machine to Colombia in 2022:
- United States (152.0 units)
- China (74.0 units)
- Spain (67.0 units)
- Italy (24.0 units)
- Turkey (13.0 units)
- Ecuador (9.0 units)
- Peru (6.0 units)
Exports of Balancing Mechanical Parts Machine in Colombia
In 2022, shipments abroad of machines for balancing mechanical parts decreased by -4.8% to 40 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 223%. As a result, the exports reached the peak of 42 units, and then contracted modestly in the following year.
In value terms, balancing mechanical parts machine exports shrank notably to $46K in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 272%. As a result, the exports attained the peak of $73K, and then reduced rapidly in the following year.
| Export of Balancing Mechanical Parts Machine in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 19.6 | 12.3 | 40.3 | 27.4 | 11.8% |
| Ecuador | 1.8 | 1.9 | 12.7 | 7.2 | 58.7% |
| Peru | 0.3 | 1.2 | 6.0 | 3.4 | 124.6% |
| Mexico | 1.0 | 0.4 | 0.9 | 0.4 | -26.3% |
| Venezuela | 0.3 | 0.1 | 0.3 | 0.1 | -30.7% |
| Spain | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Others | 6.2 | 3.5 | 12.6 | 7.5 | 6.6% |
| Total | 29.2 | 19.6 | 72.9 | 46.3 | 16.6% |
Top Export Markets for Balancing Mechanical Parts Machine from Colombia in 2022:
- Dominican Republic (33.0 units)
- Mexico (2.0 units)
- Ecuador (1.0 units)
- Peru (1.0 units)
- Venezuela (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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