Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia - 2022

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia (CIF) - 2022
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia (FOB) - 2022
3. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia
4. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia (CIF) - 2022

In 2022, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $122,882 per ton, growing by 120% against the previous year. Overall, the import price, however, showed a noticeable downturn. Over the period under review, average import prices attained the maximum at $219,994 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Italy ($1,145,533 per ton), while the price for Panama ($10,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia (FOB) - 2022

In 2022, the average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $86,625 per ton, reducing by -15.9% against the previous year. Over the period under review, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 277% against the previous year. The export price peaked at $116,565 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($370,000 per ton), while the average price for exports to Panama ($1,000 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 Costa Rica (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia

In 2022, after three years of growth, there was significant decline in supplies from abroad of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29, when their volume decreased by -54.4% to 3 tons. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 143%.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 totaled $369K in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 1.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Colombia in 2022:

1. United States (2197.0 kg)
2. Vietnam (580.0 kg)
3. China (68.0 kg)

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Colombia

Exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 from Colombia surged to 8 kg in 2022, rising by 100% on the previous year. In general, exports recorded a prominent increase.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 soared to $693 in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 68%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Colombia in 2022:

1. Costa Rica (3.0 kg)
2. Panama (1.0 kg)
3. France (1.0 kg)
4. United States (1.0 kg)
5. Ireland (1.0 kg)
6. Dominican Republic (1.0 kg)

Source: IndexBox Market Intelligence Platform