Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $913 per unit, picking up by 20% against the previous year. In general, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $2,474 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,083 per unit), while the price for China ($239 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.1%), while the prices for the other major suppliers experienced a decline.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (FOB) - 2022
In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $14,297 per unit, rising by 5.4% against the previous year. Over the period under review, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 96%. As a result, the export price attained the peak level of $26,032 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
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 the United States ($67,924 per unit), while the average price for exports to Nicaragua ($268 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 the Dominican Republic (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into Colombia expanded sharply to 53K units, growing by 14% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $48M in 2022. In general, imports, however, showed a perceptible decline. Imports peaked at $52M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.4 | 17.0 | 15.9 | 25.4 | -2.5% |
| China | 8.6 | 7.0 | 10.3 | 10.1 | 5.5% |
| Canada | 0.3 | 0.5 | 0.4 | 0.6 | 26.0% |
| United Arab Emirates | 0.6 | 0.4 | 0.2 | 0.6 | 0.0% |
| Others | 15.3 | 9.2 | 8.0 | 11.2 | -9.9% |
| Total | 52.2 | 34.1 | 34.7 | 47.9 | -2.8% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Colombia in 2022:
- China (42.2K units)
- United States (4.2K units)
- United Arab Emirates (2.4K units)
- Canada (0.9K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia
In 2022, approx. 318 units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were exported from Colombia; with an increase of 85% on the year before. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $4.5M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,945 | 994 | 1,896 | 3,532 | 22.0% |
| Dominican Republic | N/A | 307 | 69.8 | 408 | 15.3% |
| Belgium | 1.5 | N/A | 89.2 | 189 | 401.3% |
| Spain | 33.5 | 27.4 | 2.6 | 142 | 61.8% |
| Peru | 19.2 | 55.1 | 4.7 | 56.1 | 43.0% |
| Nicaragua | 32.3 | 2.8 | 4.1 | 44.0 | 10.9% |
| Ecuador | N/A | 39.3 | 92.8 | 26.2 | -18.4% |
| Venezuela | N/A | 73.0 | 99.0 | N/A | 35.6% |
| Others | 98.9 | 254 | 75.4 | 149 | 14.6% |
| Total | 2,130 | 1,753 | 2,334 | 4,546 | 28.8% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Colombia in 2022:
- Nicaragua (164.0 units)
- United States (52.0 units)
- Belgium (42.0 units)
- Dominican Republic (17.0 units)
- Spain (17.0 units)
- Ecuador (7.0 units)
- Peru (7.0 units)
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