Price for Machinery; Parts of Machinery of Heading No. 8422 in Colombia - 2022
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Colombia (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Colombia (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Colombia
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Colombia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Colombia (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $92,123 per ton in 2022, shrinking by -2.8% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2013 an increase of 12%. As a result, import price attained the peak level of $141,676 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 ($252,166 per ton), while the price for China ($30,970 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Colombia (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $57,141 per ton in 2022, with an increase of 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2015 when the average export price increased by 22% against the previous year. The export price peaked at $60,731 per ton in 2020; however, from 2021 to 2022, the export prices remained at a 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 Venezuela ($119,727 per ton), while the average price for exports to Mexico ($28,221 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 Venezuela (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Colombia
In 2022, imports of machinery; parts of machinery of heading no. 8422 into Colombia skyrocketed to 228 tons, jumping by 41% compared with the previous year. In general, imports, however, showed a pronounced descent.
In value terms, imports of machinery; parts of machinery of heading no. 8422 skyrocketed to $21M in 2022. Over the period under review, imports, however, showed a abrupt descent.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.9 | 4.1 | 4.6 | 6.9 | -14.1% |
| Italy | 6.5 | 2.9 | 3.3 | 5.3 | -6.6% |
| United States | 3.4 | 1.3 | 1.7 | 1.6 | -22.2% |
| Spain | 1.5 | 0.8 | 0.9 | 1.3 | -4.7% |
| Sweden | 0.5 | 0.3 | 0.3 | 0.9 | 21.6% |
| China | 0.7 | 0.5 | 0.5 | 0.8 | 4.6% |
| Brazil | 0.8 | 1.1 | 0.4 | 0.7 | -4.4% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Argentina | 0.4 | 0.9 | 1.3 | 0.2 | -20.6% |
| Others | 4.4 | 2.4 | 2.2 | 3.1 | -11.0% |
| Total | 29.4 | 14.5 | 15.3 | 21.0 | -10.6% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Colombia in 2022:
- Italy (83.0 tons)
- Germany (56.1 tons)
- China (25.6 tons)
- Spain (12.3 tons)
- Brazil (11.4 tons)
- Sweden (8.9 tons)
- United States (6.3 tons)
- Taiwan (Chinese) (3.5 tons)
- Argentina (1.8 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Colombia
In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 increased by 23% to 66 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible decline.
In value terms, exports of machinery; parts of machinery of heading no. 8422 soared to $3.8M in 2022. In general, exports, however, recorded a pronounced descent.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 337 | 94.6 | 77.5 | 1,113 | 48.9% |
| Ecuador | 300 | 387 | 128 | 527 | 20.7% |
| Dominican Republic | 397 | 254 | 518 | 399 | 0.2% |
| Panama | 882 | 710 | 983 | 380 | -24.5% |
| Guatemala | 672 | 257 | 43.8 | 363 | -18.6% |
| Nicaragua | 205 | 45.1 | 482 | 363 | 21.0% |
| Honduras | 125 | 399 | 109 | 292 | 32.7% |
| El Salvador | 172 | 43.4 | 11.8 | 57.6 | -30.6% |
| Mexico | 580 | 308 | 266 | 29.7 | -62.9% |
| Bolivia | 25.2 | 142 | 4.5 | 13.4 | -19.0% |
| Others | 362 | 790 | 356 | 228 | -14.3% |
| Total | 4,057 | 3,430 | 2,979 | 3,766 | -2.5% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Colombia in 2022:
- Costa Rica (25.1 tons)
- Dominican Republic (8.2 tons)
- Guatemala (8.1 tons)
- Panama (6.3 tons)
- Ecuador (5.7 tons)
- Nicaragua (5.3 tons)
- Honduras (2.7 tons)
- El Salvador (1.3 tons)
- Mexico (1.1 tons)
- Bolivia (0.8 tons)
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