Colombia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Colombia

In 2022, the Colombian pump for liquid market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pump For Liquid Exports

Exports from Colombia

In 2022, overseas shipments of pumps for liquids and liquid elevators increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pump for liquid exports surged to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X units) was the main destination for pump for liquid exports from Colombia, accounting for a X% share of total exports. Moreover, pump for liquid exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), twofold. Venezuela (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 stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

In value terms, the United States ($X), Iraq ($X) and Ecuador ($X) were the largest markets for pump for liquid exported from Colombia worldwide, with a combined X% share of total exports. Venezuela, Peru, Panama, Guatemala and Brazil lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, saw 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 pump for liquid export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil ($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 Venezuela (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Pump For Liquid Imports

Imports into Colombia

In 2022, purchases abroad of pumps for liquids and liquid elevators increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pump for liquid imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of pump for liquid imports to Colombia, with a combined X% share of total imports. Spain, Brazil, South Korea, Italy, Japan and Mexico lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest pump for liquid suppliers to Colombia, together comprising X% of total imports. Italy, Brazil, Mexico, Japan, South Korea and Spain lagged somewhat behind, together accounting for a further X%.

Italy, 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

The average pump for liquid import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Mexico ($X per unit), while the price for Spain ($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 mixed trend patterns.

Source: IndexBox Platform

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