Report Update: May 1, 2024

Colombia - Truck Cranes - Market Analysis, Forecast, Size, Trends and Insights

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Truck Crane Price in Colombia - 2022

Truck Crane Price in Colombia (CIF) - 2022

In 2021, the average truck crane import price amounted to $13,167 per unit, dropping by -13.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. As a result, import price reached the peak level of $15,657 per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($456,979 per unit), while the price for Mexico ($29,459 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Truck Crane Price in Colombia (FOB) - 2022

The average truck crane export price stood at $3,724 per unit in 2021, falling by -65.4% against the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 82%. Over the period under review, the average export prices attained the peak figure at $23,750 per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($466,740 per unit), while the average price for exports to Chile ($5,375 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+334.0%), while the prices for the other major destinations experienced mixed trend patterns.

Truck Crane Imports in Colombia

In 2022, after two years of decline, there was significant growth in purchases abroad of truck cranes, when their volume increased by 23% to 556 units. Over the period under review, imports, however, faced a deep downturn. Over the period under review, imports hit record highs at 822 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, truck crane imports soared to $8M in 2022. Overall, imports, however, showed a deep setback. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Truck Crane in Colombia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Germany	4.3	3.8	1.8	-35.3%
United States	1.5	1.5	1.2	-10.6%
China	0.9	0.9	1.0	5.4%
Mexico	0.2	0.1	0.3	22.5%
Ecuador	0.7	0.8	N/A	14.3%
Kuwait	0.3	0.3	N/A	0.0%
Others	3.0	2.6	1.7	-24.7%
Total	10.8	10.0	6.0	-25.5%

Top Suppliers of Truck Crane to Colombia in 2022:

United States (22.0 units)
Mexico (9.0 units)
China (5.0 units)
Germany (4.0 units)

Truck Crane Exports in Colombia

Truck crane exports from Colombia fell dramatically to 44 units in 2022, waning by -47% on 2021. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 1,283%. As a result, the exports reached the peak of 83 units, and then declined rapidly in the following year.

In value terms, truck crane exports contracted dramatically to $187K in 2022. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 379% against the previous year. Over the period under review, the exports attained the peak figure at $411K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Truck Crane in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
India	237	28.9	240	0.6%
Chile	N/A	N/A	46.5	0%
Brazil	N/A	N/A	22.6	0%
Costa Rica	13.9	2.5	N/A	-82.0%
Panama	10.4	1.6	N/A	-84.6%
Others	150	31.5	N/A	-79.0%
Total	411	64.5	309	-13.3%

Top Export Markets for Truck Crane from Colombia in 2022:

Chile (9.0 units)
Brazil (1.0 units)
India (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck crane 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 29105100 - Crane lorries

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