Colombia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Colombia

The Colombian gravimetric filling machine market surged to $X in 2022, growing by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from Colombia

In 2022, shipments abroad of automatic gravimetric filling machines decreased by -3.1% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 168%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, gravimetric filling machine exports rose rapidly to $X in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 230%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for gravimetric filling machine exports from Colombia, accounting for a 92% share of total exports. Moreover, gravimetric filling machine exports to Honduras exceeded the volume sent to the second major destination, Peru (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-6.7% per year) and Venezuela (0.0% per year).

In value terms, Peru ($X) remains the key foreign market for automatic gravimetric filling machines exports from Colombia, comprising 68% of total exports. The second position in the ranking was held by Honduras ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+99.9% per year) and Venezuela (-13.7% per year).

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, growing by 11% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 140% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Venezuela ($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 (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Colombia

Gravimetric filling machine imports into Colombia rose remarkably to X units in 2022, increasing by 13% compared with the previous year. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 73%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, gravimetric filling machine imports surged to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 84% 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

China (X units), the United States (X units) and Spain (X units) were the main suppliers of gravimetric filling machine imports to Colombia, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +39.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of automatic gravimetric filling machines to Colombia, comprising 36% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.0% per year) and Germany (+24.7% per year).

Import Prices by Country

In 2022, the average gravimetric filling machine import price amounted to $X per unit, surging by 16% against the previous year. Over the period under review, the import price posted strong growth. The growth pace was the most rapid in 2019 an increase of 126% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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