Colombia: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in Colombia

The Colombian turbo-propeller (under X kW) market soared to $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in Colombia

In value terms, turbo-propeller (under X kW) production totaled $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume decreased by X%. Turbo-propeller (under X kW) production peaked in 2023 and is expected to retain growth in years to come.

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Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports from Colombia

In 2023, turbo-propeller (under X kw) exports from Colombia soared to X units, increasing by X% compared with 2022 figures. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports rose rapidly to $X in 2023. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for turbo-propeller (under X kW) exports from Colombia, accounting for a X% share of total exports. Moreover, turbo-propeller (under X kW) exports to Ecuador exceeded the volume sent to the second major destination, Israel (X units), fourfold.

From 2012 to 2023, the average annual growth rate of volume to Ecuador was relatively modest.

In value terms, the largest markets for turbo-propeller (under X kW) exported from Colombia were Israel ($X) and Ecuador ($X).

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average turbo-propeller (under X kW) export price stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Ecuador stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports into Colombia

In 2023, the amount of turbo-propellers of a power not exceeding X kW imported into Colombia soared to X units, growing by X% compared with the previous year's figure. Overall, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports skyrocketed to $X in 2023. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Canada (X units), China (X units) and Brazil (X units) were the main suppliers of turbo-propeller (under X kW) imports to Colombia, with a combined X% share of total imports.

From 2012 to 2023, 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 mixed trend patterns.

In value terms, Canada ($X) constituted the largest supplier of turbo-propellers of a power not exceeding X kW to Colombia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average turbo-propeller (under X kW) import price stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform