Price for Tractors; (Other than Tractors of Heading No 8709) in Colombia - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Colombia (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Colombia (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Colombia
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Colombia

Price for Tractors; (Other than Tractors of Heading No 8709) in Colombia (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $63,333 per unit in 2022, rising by 45% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. Over the period under review, average import prices hit record highs at $73,729 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Mexico ($105,018 per unit), while the price for Japan ($17,778 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Colombia (FOB) - 2022

The average export price for tractors; (other than tractors of heading no 8709)s stood at $35,378 per unit in 2022, falling by -20.2% against the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 300% against the previous year. Over the period under review, the average export prices hit record highs at $72,133 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($36,225 per unit), while the average price for exports to Ecuador amounted to $35,237 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Colombia

For the fourth year in a row, Colombia recorded growth in supplies from abroad of tractors; (other than tractors of heading no 8709)s, which increased by 44% to 10K units in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $656M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Colombia in 2022:

1. China (3.0K units)
2. Mexico (2.3K units)
3. Brazil (2.2K units)
4. Japan (0.8K units)
5. United States (0.5K units)
6. India (0.4K units)
7. Netherlands (0.3K units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Colombia

In 2022, approx. 7 units of tractors; (other than tractors of heading no 8709)s were exported from Colombia; with a decrease of -36.4% against the previous year. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked at 54 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s fell sharply to $248K in 2022. Overall, exports saw a significant decrease. The smallest decline of -15.5% was in 2021. Over the period under review, the exports of attained the maximum at $3.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Colombia in 2022:

1. Ecuador (6.0 units)
2. Georgia (1.0 units)

Source: IndexBox Market Intelligence Platform