Colombia: Thread Rolling Machine Market 2023

Thread Rolling Machine Market Size in Colombia

In 2021, the Colombian thread rolling machine market increased by 93% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt descent. Thread rolling machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Thread Rolling Machine Production in Colombia

In value terms, thread rolling machine production declined rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a sharp reduction. Over the period under review, production attained the peak level at $X in 2020, and then shrank markedly in the following year.

Thread Rolling Machine Exports

Exports from Colombia

In 2021, shipments abroad of thread rolling machines for working metal, sintered metal carbides or cermets decreased by -75% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 100%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, thread rolling machine exports reduced notably to $X in 2021. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 4,571%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Ecuador ($X) also remains the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from Colombia.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +4.3%.

Export Prices by Country

In 2021, the average thread rolling machine export price amounted to $X per unit, increasing by 18% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2016 an increase of 80%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to +1,159.1% per year.

Thread Rolling Machine Imports

Imports into Colombia

In 2021, purchases abroad of thread rolling machines for working metal, sintered metal carbides or cermets was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a deep downturn. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, thread rolling machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Panama (X units) and the United States (X units) were the main suppliers of thread rolling machine imports to Colombia, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +4.6%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Spain ($X) constituted the largest thread rolling machine suppliers to Colombia, with a combined 74% share of total imports. China, Panama and Italy lagged somewhat behind, together accounting for a further 26%.

Panama, with a CAGR of +14.3%, recorded 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 mixed trend patterns.

Import Prices by Country

The average thread rolling machine import price stood at $X per unit in 2021, which is down by -8.4% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 282%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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