Colombia: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Colombia

The Colombian wood bending machine market dropped rapidly to $X in 2021, waning by -60.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Wood Bending Machine Exports

Exports from Colombia

In 2021, after two years of decline, there was decline in overseas shipments of bending or assembling machines, when their volume decreased by 0% to X units. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of 300%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports reduced rapidly to $X in 2021. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 65,640% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for wood bending machine exports from Colombia, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Dominican Republic was relatively modest.

In value terms, Mexico ($X) remains the key foreign market for wood bending machine exports from Colombia, comprising 68% of total exports. The second position in the ranking was taken by Panama ($X), with a 30% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Mexico stood at -27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-16.2% per year) and the Dominican Republic (0.0% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, dropping by -44.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 213%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Peru ($X 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 the Dominican Republic (+166,054.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Colombia

Wood bending machine imports into Colombia fell significantly to X units in 2021, reducing by -57.5% compared with the previous year. Overall, imports showed a slight decline. The growth pace was the most rapid in 2020 when imports increased by 240%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, wood bending machine imports contracted significantly to $X in 2021. In general, imports showed a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 168% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Austria (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of wood bending machine imports to Colombia, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), China ($X) and Taiwan (Chinese) ($X) were the largest wood bending machine suppliers to Colombia, together comprising 82% of total imports.

Austria, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, reducing by -11.8% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of 100% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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