Price for Machinery; Parts of the Machinery of Heading No. 8427 in Colombia - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $18,117 per ton in 2022, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. Over the period under review, average import prices reached the peak figure at $21,107 per ton in 2016; however, from 2017 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 Germany ($27,142 per ton), while the price for China ($8,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $12,954 per ton, waning by -41.6% against the previous year. Over the period under review, the export price, however, saw slight growth. The pace of growth appeared the most rapid in 2019 an increase of 148%. Over the period under review, the average export prices attained the peak figure at $24,496 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($58,000 per ton), while the average price for exports to Panama ($4,078 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 Chile (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia
For the fourth year in a row, Colombia recorded growth in overseas purchases of machinery; parts of the machinery of heading no. 8427, which increased by 4.1% to 312 tons in 2022. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $5.7M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +53.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,577 | 2,129 | 2,091 | 3,109 | 25.4% |
| Germany | 611 | 398 | 434 | 556 | -3.1% |
| China | 258 | 254 | 336 | 450 | 20.4% |
| Brazil | 143 | 141 | 607 | 231 | 17.3% |
| Sweden | 283 | 296 | 178 | 219 | -8.2% |
| Italy | 124 | 89.0 | 147 | 188 | 14.9% |
| Canada | 41.4 | 6.5 | 3.0 | 85.3 | 27.2% |
| South Korea | 55.7 | 39.6 | 20.3 | 15.0 | -35.4% |
| Others | 590 | 564 | 794 | 799 | 10.6% |
| Total | 3,683 | 3,917 | 4,611 | 5,652 | 15.3% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Colombia in 2022:
- United States (167.5 tons)
- China (52.9 tons)
- Germany (20.5 tons)
- Brazil (19.0 tons)
- Sweden (10.2 tons)
- Canada (8.0 tons)
- Italy (7.9 tons)
- South Korea (0.8 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia
In 2022, approx. 3.2 tons of machinery; parts of the machinery of heading no. 8427 were exported from Colombia; surging by 25% compared with the previous year's figure. Over the period under review, exports, however, showed a significant contraction.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell notably to $42K in 2022. Overall, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $225K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 151 | 38.7 | 28.0 | 66.2% |
| Panama | N/A | N/A | N/A | 8.3 | 0% |
| Ecuador | 8.3 | 57.5 | 5.5 | 3.0 | -28.8% |
| Chile | N/A | 12.0 | 3.7 | 1.2 | -68.4% |
| Belgium | 8.6 | N/A | N/A | N/A | 0% |
| Germany | 167 | N/A | N/A | N/A | 0% |
| Sweden | 1.4 | N/A | N/A | N/A | 0% |
| El Salvador | N/A | N/A | 9.2 | N/A | 0% |
| Others | 6.5 | 4.2 | 0.4 | 1.7 | -36.0% |
| Total | 198 | 225 | 57.5 | 42.1 | -40.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Colombia in 2022:
- Panama (2023.0 kg)
- United States (686.0 kg)
- Ecuador (447.0 kg)
- Chile (57.0 kg)
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