Colombia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Colombia

The Colombian flywheels and pulleys market surged to $X in 2022, rising by X% 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). In general, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Flywheels And Pulleys Exports

Exports from Colombia

In 2022, approx. X tons of flywheels and pulleys were exported from Colombia; with a decrease of X% against the previous year's figure. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, flywheels and pulleys exports declined markedly to $X in 2022. In general, exports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for flywheels and pulleys exports from Colombia, with a X% share of total exports. Moreover, flywheels and pulleys exports to the United States exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold. The third position in this ranking was taken by Venezuela (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Venezuela (X% per year).

In value terms, the largest markets for flywheels and pulleys exported from Colombia were the United States ($X), Venezuela ($X) and Ecuador ($X), together comprising X% of total exports.

Among the main countries of destination, Venezuela, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($X 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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into Colombia

Flywheels and pulleys imports into Colombia surged to X tons in 2022, rising by X% against the previous year. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, flywheels and pulleys imports soared to $X in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of flywheels and pulleys to Colombia, accounting for a X% share of total imports. Moreover, flywheels and pulleys imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest flywheels and pulleys suppliers to Colombia, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average flywheels and pulleys import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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