Pumps; Parts Thereof Price in Colombia - 2022
Contents:
- Pumps; Parts Thereof Price in Colombia (CIF) - 2022
- Pumps; Parts Thereof Price in Colombia (FOB) - 2022
- Pumps; Parts Thereof Imports in Colombia
- Pumps; Parts Thereof Exports in Colombia
Pumps; Parts Thereof Price in Colombia (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $18,261 per ton, dropping by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2019 an increase of 24%. The import price peaked at $18,910 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($51,130 per ton), while the price for Argentina ($5,672 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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Colombia (FOB) - 2022
The average pumps; parts thereof export price stood at $13,020 per ton in 2022, surging by 12% against the previous year. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2013 an increase of 27%. The export price peaked at $21,340 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($51,951 per ton), while the average price for exports to Mexico ($5,048 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 Malaysia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Colombia
In 2022, pumps; parts thereof imports into Colombia shrank to 3.8K tons, dropping by -13.5% on the year before. Overall, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of 4.4K tons, and then dropped in the following year.
In value terms, pumps; parts thereof imports contracted rapidly to $69M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of $83M, and then dropped sharply in the following year.
| Import of Pumps; Parts Thereof in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.5 | 25.1 | 26.3 | 24.1 | -7.6% |
| China | 8.1 | 4.7 | 11.3 | 8.7 | 2.4% |
| Canada | 1.6 | 2.8 | 6.4 | 4.9 | 45.2% |
| Argentina | 3.5 | 2.2 | 4.5 | 3.4 | -1.0% |
| Singapore | 3.8 | 3.2 | 3.4 | 3.1 | -6.6% |
| Mexico | 2.9 | 2.4 | 2.3 | 2.2 | -8.8% |
| Brazil | 1.9 | 1.6 | 2.6 | 2.0 | 1.7% |
| Others | 18.0 | 13.4 | 26.0 | 20.8 | 4.9% |
| Total | 70.3 | 55.5 | 82.9 | 69.2 | -0.5% |
Top Suppliers of Pumps; Parts Thereof to Colombia in 2022:
- Canada (840.5 tons)
- China (742.9 tons)
- Argentina (601.8 tons)
- United States (529.3 tons)
- Mexico (338.4 tons)
- Brazil (176.4 tons)
- Singapore (60.0 tons)
Pumps; Parts Thereof Exports in Colombia
In 2022, shipments abroad of pumps; parts thereoves decreased by -1.5% to 506 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 83%. As a result, the exports attained the peak of 542 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pumps; parts thereof exports stood at $6.6M in 2022. The total export value increased at an average annual rate of +11.2% 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 exports increased by 51%. As a result, the exports reached the peak of $7.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Pumps; Parts Thereof in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1,092 | 2,533 | 1,008 | 1,661 | 15.0% |
| Mexico | 773 | 1,025 | 1,656 | 1,227 | 16.7% |
| United States | 390 | 582 | 790 | 585 | 14.5% |
| Saudi Arabia | 124 | 1,037 | 159 | 487 | 57.8% |
| Egypt | 63.7 | 86.3 | 587 | 435 | 89.7% |
| Peru | 684 | 206 | 198 | 405 | -16.0% |
| Argentina | 40.8 | 192 | 336 | 249 | 82.7% |
| Dominican Republic | 76.1 | 417 | 164 | 231 | 44.8% |
| Free Zones | 331 | 67.9 | 3.3 | 162 | -21.2% |
| Canada | 156 | 68.0 | 49.8 | 102 | -13.2% |
| Others | 1,057 | 997 | 1,022 | 1,048 | -0.3% |
| Total | 4,789 | 7,210 | 5,972 | 6,591 | 11.2% |
Top Export Markets for Pumps; Parts Thereof from Colombia in 2022:
- Mexico (243.0 tons)
- Ecuador (59.4 tons)
- Argentina (39.6 tons)
- United States (30.2 tons)
- Dominican Republic (23.8 tons)
- Peru (20.2 tons)
- Canada (12.0 tons)
- Saudi Arabia (9.4 tons)
- Egypt (8.9 tons)
- Free Zones (8.1 tons)
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