Colombia - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in Colombia - 2022
Contents:
- Price for Conveyor or Transmission Belt in Colombia (CIF) - 2022
- Price for Conveyor or Transmission Belt in Colombia (FOB) - 2022
- Imports of Conveyor or Transmission Belt in Colombia
- Exports of Conveyor or Transmission Belt in Colombia
Price for Conveyor or Transmission Belt in Colombia (CIF) - 2022
In February 2022, the average conveyor or transmission belt import price amounted to $9,206 per ton, rising by 13% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 an increase of 26% month-to-month. As a result, import price reached the peak level of $11,043 per ton. From September 2021 to February 2022, the average import prices remained at a somewhat 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 Italy ($53,762 per ton), while the price for South Korea ($4,521 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 Argentina (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Conveyor or Transmission Belt in Colombia (FOB) - 2022
The average conveyor or transmission belt export price stood at $6,067 per ton in February 2022, falling by -33.7% against the previous month. In general, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in September 2021 when the average export price increased by 121% m-o-m. Over the period under review, the average export prices reached the peak figure at $20,571 per ton in May 2021; however, from June 2021 to February 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($23,530 per ton), while the average price for exports to the Dominican Republic ($4,481 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Conveyor or Transmission Belt in Colombia
Conveyor or transmission belt imports into Colombia dropped to 3.2K tons in 2022, with a decrease of -5.7% compared with 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 8.9%. As a result, imports reached the peak of 3.4K tons, and then declined in the following year.
In value terms, conveyor or transmission belt imports declined to $27M in 2022. Over the period under review, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $30M, and then shrank in the following year.
| Import of Conveyor or Transmission Belt in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 7.8 | 10.4 | 9.1 | 4.0% |
| United States | 4.8 | 3.3 | 3.4 | 3.3 | -11.7% |
| South Korea | 2.5 | 2.1 | 2.7 | 2.4 | -1.4% |
| Germany | 2.0 | 2.1 | 2.1 | 1.8 | -3.5% |
| Brazil | 1.5 | 1.1 | 1.8 | 1.6 | 2.2% |
| Japan | 1.4 | 1.2 | 1.1 | 1.1 | -7.7% |
| Thailand | 1.2 | 0.8 | 1.1 | 1.0 | -5.9% |
| India | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| Chile | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Hungary | 0.2 | 0.4 | 0.3 | 0.2 | 0.0% |
| Others | 6.3 | 4.6 | 5.8 | 5.3 | -5.6% |
| Total | 28.3 | 23.7 | 29.6 | 26.6 | -2.0% |
Top Suppliers of Conveyor or Transmission Belt to Colombia in 2022:
- China (2096.9 tons)
- United States (172.4 tons)
- South Korea (146.9 tons)
- Thailand (81.3 tons)
- Germany (76.3 tons)
- Chile (69.5 tons)
- Japan (64.1 tons)
- Brazil (63.8 tons)
- India (62.4 tons)
- Hungary (49.2 tons)
Exports of Conveyor or Transmission Belt in Colombia
In 2022, approx. 115 tons of conveyor or transmission belts or belting were exported from Colombia; dropping by -13.3% on 2021. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of 132 tons, and then contracted in the following year.
In value terms, conveyor or transmission belt exports fell modestly to $1.2M in 2022. The total export 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 in certain years. The growth pace was the most rapid in 2021 when exports increased by 10%. As a result, the exports reached the peak of $1.2M, and then dropped in the following year.
| Export of Conveyor or Transmission Belt in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 363 | 288 | 393 | 345 | -1.7% |
| Guatemala | 71.5 | 183 | 233 | 204 | 41.8% |
| Dominican Republic | 71.3 | 26.3 | 159 | 139 | 24.9% |
| United States | 150 | 189 | 25.9 | 105 | -11.2% |
| Panama | 67.7 | 80.6 | 69.1 | 62.5 | -2.6% |
| Peru | 76.7 | 62.2 | 53.0 | 55.2 | -10.4% |
| Mexico | 52.0 | 30.6 | 62.7 | 55.0 | 1.9% |
| Germany | 2.5 | 0.5 | 42.7 | 37.4 | 146.4% |
| Costa Rica | 17.3 | 8.2 | 39.8 | 34.9 | 26.4% |
| Jamaica | 61.3 | 33.3 | 11.9 | 30.7 | -20.6% |
| Others | 180 | 195 | 120 | 85.3 | -22.0% |
| Total | 1,114 | 1,097 | 1,211 | 1,154 | 1.2% |
Top Export Markets for Conveyor or Transmission Belt from Colombia in 2022:
- Ecuador (33.0 tons)
- Dominican Republic (19.0 tons)
- Guatemala (16.0 tons)
- United States (14.9 tons)
- Mexico (7.6 tons)
- Peru (6.2 tons)
- Germany (3.7 tons)
- Costa Rica (3.4 tons)
- Panama (3.3 tons)
- Jamaica (2.8 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
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.
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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
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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
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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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