Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia - 2022
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $69 per unit, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 52%. The import price peaked at $90 per unit in 2012; however, from 2013 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 Spain ($255 per unit), while the price for China ($40 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $444 per unit in 2022, growing by 21% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 92%. As a result, the export price reached the peak level of $631 per unit. From 2015 to 2022, the average export prices remained at a 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 ($2,229 per unit), while the average price for exports to Nicaragua ($168 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 Brazil (+43.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia
In 2022, the amount of tools; for working in the hand, pneumatic, other than rotary type imported into Colombia amounted to 73K units, picking up by 10% against the year before. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of 74K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $5M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +71.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,616 | 1,555 | 1,942 | 2,446 | 14.8% |
| Spain | 418 | 266 | 502 | 1,015 | 34.4% |
| United States | 259 | 229 | 536 | 409 | 16.5% |
| Taiwan (Chinese) | 259 | 183 | 231 | 246 | -1.7% |
| Turkey | 462 | 167 | 199 | 191 | -25.5% |
| Others | 899 | 538 | 596 | 729 | -6.7% |
| Total | 3,912 | 2,938 | 4,005 | 5,035 | 8.8% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Colombia in 2022:
- China (60.8K units)
- Spain (4.0K units)
- Taiwan (Chinese) (3.5K units)
- United States (2.4K units)
- Turkey (0.8K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia
In 2022, approx. 782 units of tools; for working in the hand, pneumatic, other than rotary type were exported from Colombia; picking up by 70% against the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 141% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type soared to $347K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 15.5 | 42.4 | 72.2 | 135 | 105.7% |
| United States | 4.7 | N/A | N/A | 55.7 | 128.0% |
| Dominican Republic | N/A | 3.5 | 4.7 | 46.0 | 262.5% |
| Ecuador | 7.0 | 26.0 | 6.2 | 30.8 | 63.9% |
| Guatemala | 7.0 | 4.6 | 39.8 | 26.4 | 55.7% |
| El Salvador | 4.0 | N/A | 7.8 | 24.0 | 81.7% |
| Nicaragua | N/A | 0.4 | 0.2 | 9.6 | 389.9% |
| Peru | 7.1 | N/A | 8.9 | N/A | 12.0% |
| Others | 27.6 | 10.8 | 30.1 | 19.6 | -10.8% |
| Total | 73.0 | 87.8 | 170 | 347 | 68.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Colombia in 2022:
- Costa Rica (307.0 units)
- Dominican Republic (146.0 units)
- Guatemala (98.0 units)
- Ecuador (63.0 units)
- Nicaragua (57.0 units)
- El Salvador (56.0 units)
- United States (25.0 units)
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