Colombia - Toothed Wheels, Chain Sprockets and Other Transmission Elements - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia - 2022
Contents:
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (CIF) - 2022
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (FOB) - 2022
- Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia
- Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (CIF) - 2022
In February 2022, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $7,063 per ton, waning by -27.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 when the average import price increased by 43% m-o-m. Over the period under review, average import prices attained the peak figure at $13,354 per ton in April 2021; however, from May 2021 to February 2022, import prices stood 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 the United States ($26,804 per ton), while the price for China ($3,834 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 China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (FOB) - 2022
In 2022, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $8,820 per ton, increasing by 69% against the previous year. In general, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Ecuador ($40,411 per ton), while the average price for exports to Peru ($6,202 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 the United States (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia
In 2022, approx. 5.5K tons of toothed wheels, chain sprockets and other transmission elements were imported into Colombia; jumping by 21% on 2021 figures. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.3% 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 +65.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $61M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +83.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.3 | 9.8 | 11.7 | 17.4 | 2.2% |
| China | 10.2 | 7.3 | 11.6 | 16.0 | 16.2% |
| Germany | 3.5 | 3.2 | 4.4 | 4.5 | 8.7% |
| Mexico | 2.1 | 1.0 | 1.3 | 4.3 | 27.0% |
| India | 2.7 | 1.8 | 3.3 | 4.3 | 16.8% |
| Japan | 4.7 | 2.1 | 3.2 | 3.2 | -12.0% |
| Italy | 3.6 | 1.9 | 2.4 | 2.7 | -9.1% |
| Brazil | 1.8 | 1.7 | 2.4 | 2.5 | 11.6% |
| Others | 5.4 | 4.3 | 5.2 | 5.6 | 1.2% |
| Total | 50.2 | 33.0 | 45.6 | 60.5 | 6.4% |
Top Suppliers of Toothed Wheels, Chain Sprockets and Other Transmission Elements to Colombia in 2022:
- China (3693.0 tons)
- United States (406.0 tons)
- India (336.3 tons)
- Italy (293.2 tons)
- Brazil (209.0 tons)
- Germany (168.6 tons)
- Mexico (85.3 tons)
- Japan (67.8 tons)
Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia
In 2022, overseas shipments of toothed wheels, chain sprockets and other transmission elements decreased by -38.6% to 146 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 258 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of toothed wheels, chain sprockets and other transmission elements stood at $1.3M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 32%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 438 | 779 | 951 | 723 | 18.2% |
| Mexico | 47.6 | 34.4 | 80.6 | 181 | 56.1% |
| Ecuador | 102 | 69.6 | 65.0 | 154 | 14.7% |
| Peru | 65.3 | 97.0 | 51.1 | 43.5 | -12.7% |
| Others | 396 | 405 | 88.2 | 184 | -22.5% |
| Total | 1,049 | 1,385 | 1,236 | 1,284 | 7.0% |
Top Export Markets for Toothed Wheels, Chain Sprockets and Other Transmission Elements from Colombia in 2022:
- United States (115.5 tons)
- Mexico (13.0 tons)
- Peru (7.0 tons)
- Ecuador (3.8 tons)
This report provides an in-depth analysis of the market for toothed wheels, chain sprockets and other transmission elements 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 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
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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