Colombia: Bulldozer Market 2024

Bulldozer Market Size in Colombia

The Colombian bulldozer market reduced remarkably to $X in 2022, with a decrease of -35.6% 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). In general, consumption continues to indicate a deep contraction. Bulldozer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bulldozer Exports

Exports from Colombia

In 2022, exports of bulldozers and angle dozers from Colombia amounted to X units, therefore, remained relatively stable against 2021 figures. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by 0.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 150% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, bulldozer exports soared to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 405% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Panama (X units) and Singapore (X units) were the main destinations of bulldozer exports from Colombia, together accounting for 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Peru ($X) and Venezuela ($X) constituted the largest markets for bulldozer exported from Colombia worldwide, with a combined 81% share of total exports.

Among the main countries of destination, Venezuela, with a CAGR of +10.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, growing by 42% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices attained the maximum 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Mexico (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Bulldozer Imports

Imports into Colombia

Bulldozer imports into Colombia contracted rapidly to X units in 2022, which is down by -34% against 2021. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 166% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports dropped markedly to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 227% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), Singapore (X units) and the United States (X units) were the main suppliers of bulldozer imports to Colombia, together comprising 43% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of bulldozers and angle dozers to Colombia, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Ecuador, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.0% per year) and Ecuador (+6.1% per year).

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Brazil ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+70.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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