Colombia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Colombia

The Colombian positive displacement pump market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption showed prominent growth. Positive displacement pump consumption peaked in 2022 and is expected to retain growth in the immediate term.

Positive Displacement Pump Production in Colombia

In value terms, positive displacement pump production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Positive displacement pump production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Positive Displacement Pump Exports

Exports from Colombia

Positive displacement pump exports from Colombia declined modestly to X units in 2022, which is down by X% against 2021 figures. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, positive displacement pump exports fell modestly to $X in 2022. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for positive displacement pump exports from Colombia, with a X% share of total exports. Moreover, positive displacement pump exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), twofold. The United States (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for positive displacement pump exported from Colombia were Peru ($X), Ecuador ($X) and the United States ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average positive displacement pump export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Ecuador ($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 Peru (X%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Colombia

In 2022, supplies from abroad of positive displacement pumps and hand pumps increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, positive displacement pump imports skyrocketed to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

The United States (X units), Germany (X units) and Spain (X units) were the main suppliers of positive displacement pump imports to Colombia, with a combined X% share of total imports. China, Brazil, Free Zones, Italy and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Free Zones ($X) and Italy ($X) constituted the largest positive displacement pump suppliers to Colombia, with a combined X% share of total imports. The United States, Germany, Spain, Mexico and Brazil lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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 positive displacement pump import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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