Report Update: Apr 1, 2024

Colombia - Clutches And Shaft Couplings - Market Analysis, Forecast, Size, Trends And Insights

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Shaft Coupling Price in Colombia - 2022

Shaft Coupling Price in Colombia (CIF) - 2022

In February 2022, the average shaft coupling import price amounted to $17,811 per ton, leveling off at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 50% m-o-m. Over the period under review, average import prices reached the peak figure at $30,319 per ton in June 2021; however, from July 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 Germany ($54,447 per ton), while the price for China ($6,653 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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Shaft Coupling Price in Colombia (FOB) - 2022

In February 2022, the average shaft coupling export price amounted to $22,109 per ton, which is down by -94.5% against the previous month. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in January 2022 an increase of 1,287% month-to-month. As a result, the export price reached the peak level of $404K per ton, and then contracted significantly in the following month.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From February 2021 to February 2022, the rate of growth in terms of prices for Iraq amounted to +15.5% per month.

Shaft Coupling Imports in Colombia

In 2022, shaft coupling imports into Colombia reduced to 703 tons, declining by -11.6% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, imports reached the peak of 796 tons, and then dropped in the following year.

In value terms, shaft coupling imports contracted to $14M in 2022. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 38%.

Import of Shaft Coupling in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.8	3.8	5.6	5.2	-8.6%
China	2.5	1.7	2.7	3.8	15.0%
Germany	1.8	1.4	2.6	1.3	-10.3%
Italy	0.6	0.6	0.6	0.6	0.0%
Taiwan (Chinese)	0.2	0.3	0.3	0.4	26.0%
Brazil	0.5	0.4	0.4	0.3	-15.7%
Japan	1.2	0.9	1.7	0.3	-37.0%
Spain	0.3	0.1	0.3	0.3	0.0%
India	0.3	0.2	0.2	0.1	-30.7%
South Korea	0.4	0.3	0.5	0.1	-37.0%
Others	1.8	2.2	1.6	1.7	-1.9%
Total	16.5	11.9	16.5	14.2	-4.9%

Top Suppliers of Shaft Coupling to Colombia in 2022:

China (424.2 tons)
United States (122.4 tons)
Italy (21.1 tons)
Germany (19.7 tons)
Spain (15.7 tons)
Brazil (15.6 tons)
Taiwan (Chinese) (15.3 tons)
Japan (13.1 tons)
India (8.1 tons)
South Korea (7.1 tons)

Shaft Coupling Exports in Colombia

In 2022, after three years of growth, there was significant decline in overseas shipments of clutches and shaft couplings, when their volume decreased by -11.6% to 9.9 tons. The total export volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 36%.

In value terms, shaft coupling exports declined to $226K in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $258K, and then declined in the following year.

Export of Shaft Coupling in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iraq	70.5	82.3	125	107	14.9%
Panama	3.0	4.6	3.1	21.1	91.6%
Ecuador	20.5	20.0	11.4	20.5	0.0%
Dominican Republic	0.2	7.3	3.4	4.8	188.4%
United States	67.5	25.3	23.8	4.1	-60.7%
Mexico	4.0	15.9	13.4	3.4	-5.3%
Trinidad and Tobago	1.1	1.4	2.4	2.5	31.5%
Others	47.2	38.0	75.1	63.0	10.1%
Total	214	195	258	226	1.8%

Top Export Markets for Shaft Coupling from Colombia in 2022:

Iraq (7.7 tons)
Panama (0.4 tons)
Ecuador (0.4 tons)
Trinidad and Tobago (0.2 tons)
Dominican Republic (0.2 tons)
Mexico (0.1 tons)
United States (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the shaft coupling market 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 28152600 - Clutches and shaft couplings (including universal 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023