Colombia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Colombia

The Colombian sugar-manufacturing industrial machinery market rose significantly to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a perceptible descent. Sugar-manufacturing industrial machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Colombia

In value terms, sugar-manufacturing industrial machinery production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Colombia

In 2022, after seven years of decline, there was significant growth in shipments abroad of industrial machinery for the manufacture or preparation of sugar, when their volume increased by X% to X units. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports skyrocketed to $X in 2022. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X units), Haiti (X units) and Honduras (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Colombia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Haiti, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Haiti (X% per year).

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

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 Costa Rica ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Colombia

Sugar-manufacturing industrial machinery imports into Colombia surged to X units in 2022, growing by X% against the year before. Overall, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports fell remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Colombia, accounting for a X% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold.

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

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Colombia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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