Colombia - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Internal Combustion Engine Equipment in Colombia - 2022
Contents:
- Price for Internal Combustion Engine Equipment in Colombia (CIF) - 2022
- Price for Internal Combustion Engine Equipment in Colombia (FOB) - 2022
- Imports of Internal Combustion Engine Equipment in Colombia
- Exports of Internal Combustion Engine Equipment in Colombia
Price for Internal Combustion Engine Equipment in Colombia (CIF) - 2022
In February 2022, the average internal combustion engine equipment import price amounted to $3.5 per unit, with an increase of 17% against the previous month. In general, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in October 2021 when the average import price increased by 34% m-o-m. Over the period under review, average import prices attained the maximum at $5.1 per unit in February 2021; however, from March 2021 to February 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($6.8 per unit), while the price for China totaled $2.7 per unit.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%).
Price for Internal Combustion Engine Equipment in Colombia (FOB) - 2022
The average internal combustion engine equipment export price stood at $7.3 per unit in 2022, rising by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $7.4 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9.7 per unit), while the average price for exports to the Dominican Republic ($2.3 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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Internal Combustion Engine Equipment in Colombia
In 2022, the amount of equipment for internal combustion engines imported into Colombia contracted markedly to 616K units, which is down by -37.1% compared with the year before. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 156% against the previous year. As a result, imports reached the peak of 979K units, and then shrank notably in the following year.
In value terms, internal combustion engine equipment imports reduced remarkably to $4.1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of $5.1M, and then reduced remarkably in the following year.
| Import of Internal Combustion Engine Equipment in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,458 | 1,457 | 2,134 | 1,178 | -6.9% |
| United States | 310 | 301 | 446 | 979 | 46.7% |
| Saudi Arabia | 315 | 341 | 400 | 342 | 2.8% |
| India | 345 | 303 | 647 | 182 | -19.2% |
| Taiwan (Chinese) | 65.3 | 24.4 | 65.3 | 48.5 | -9.4% |
| Others | 996 | 628 | 1,397 | 1,341 | 10.4% |
| Total | 3,489 | 3,053 | 5,090 | 4,072 | 5.3% |
Top Suppliers of Internal Combustion Engine Equipment to Colombia in 2022:
- China (473.5K units)
- India (29.0K units)
- United States (26.0K units)
- Saudi Arabia (15.2K units)
- Taiwan (Chinese) (10.6K units)
Exports of Internal Combustion Engine Equipment in Colombia
In 2022, exports of equipment for internal combustion engines from Colombia shrank significantly to 9.5K units, which is down by -20.6% compared with the year before. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at 13K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, internal combustion engine equipment exports dropped sharply to $69K in 2022. Overall, exports recorded a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports reached the peak of $82K, and then declined dramatically in the following year.
| Export of Internal Combustion Engine Equipment in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.8 | 9.6 | 9.2 | 31.5 | 13.1% |
| Honduras | 3.6 | 1.7 | 13.5 | 7.0 | 24.8% |
| Guatemala | 3.3 | 3.2 | 2.3 | 5.9 | 21.4% |
| Ecuador | 10.7 | 12.5 | 9.6 | 5.5 | -19.9% |
| Costa Rica | 8.0 | 6.5 | 9.8 | 5.0 | -14.5% |
| El Salvador | 4.0 | 0.1 | 0.6 | 2.2 | -18.1% |
| Panama | 3.0 | 3.9 | 4.9 | 1.0 | -30.7% |
| Dominican Republic | 3.2 | 0.6 | 0.1 | 0.1 | -68.5% |
| Others | 13.8 | 17.6 | 32.5 | 10.8 | -7.8% |
| Total | 71.3 | 55.7 | 82.5 | 69.1 | -1.0% |
Top Export Markets for Internal Combustion Engine Equipment from Colombia in 2022:
- Dominican Republic (undefinedK units)
- United States (3.3K units)
- Costa Rica (1.8K units)
- Ecuador (1.5K units)
- Guatemala (1.2K units)
- Honduras (1.1K units)
- El Salvador (0.3K units)
- Panama (0.2K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines
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
-
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
-
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
-
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
-
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
-
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
334
This report provides an in-depth analysis of the market for internal combustion engine equipment in Colombia.
467
This report provides an in-depth analysis of the engine generator market in Colombia.
425
This report provides an in-depth analysis of the starter motor market in Colombia.
379
This report provides an in-depth analysis of the spark plug market in Colombia.
309
This report provides an in-depth analysis of the ignition coil market in Colombia.
320
This report provides an in-depth analysis of the ignition magneto market in Colombia.
415
This report provides an in-depth analysis of the global market for internal combustion engine equipment.
1286
This report provides an in-depth analysis of the global engine generator market.
1272
This report provides an in-depth analysis of the global starter motor market.
1059
This report provides an in-depth analysis of the global spark plug market.
839
In value terms, generators for producer and water gas imports amounted to $X in 2016. Overall, generators for producer and water gas imports continue to indicate a noticeable shrinkage. Global gene...
753
In value terms, generators for producer and water gas exports amounted to $X in 2016. In general, generators for producer and water gas exports continue to indicate a moderate contraction. In that ...
661
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
768
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
78
Global spark plug market projected to see slight growth in volume and value terms over the next seven years. Consumption trends, production, imports, and exports analyzed for key countries.
82
Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
839
In value terms, generators for producer and water gas imports amounted to $X in 2016. Overall, generators for producer and water gas imports continue to indicate a noticeable shrinkage. Global gene...
753
In value terms, generators for producer and water gas exports amounted to $X in 2016. In general, generators for producer and water gas exports continue to indicate a moderate contraction. In that ...
661
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
768
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
