Colombia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Colombia

The Colombian trailer and semi-trailer market dropped to $X in 2022, waning by -7.7% 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 recorded a perceptible contraction. Trailer and semi-trailer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports from Colombia

In 2022, the amount of cargo trailers and semi-trailers exported from Colombia shrank notably to X units, which is down by -52.2% against the year before. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 428%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports expanded notably to $X in 2022. Over the period under review, exports, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2016 with an increase of 386% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for trailer and semi-trailer exports from Colombia, accounting for a 70% share of total exports. Moreover, trailer and semi-trailer exports to the Dominican Republic exceeded the volume sent to the second major destination, the United States (X units), fivefold. Panama (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic totaled +78.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.2% per year) and Panama (+57.0% per year).

In value terms, the Dominican Republic ($X), the United States ($X) and Mexico ($X) constituted the largest markets for trailer and semi-trailer exported from Colombia worldwide, with a combined 84% share of total exports.

Among the main countries of destination, the Dominican Republic, with a CAGR of +49.9%, saw the highest growth rate of the value of exports, 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 trailer and semi-trailer export price amounted to $X per unit, surging by 139% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 539% against the previous year. Over the period under review, the average export prices reached 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Panama ($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 Honduras (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Colombia

Trailer and semi-trailer imports into Colombia fell notably to X units in 2022, shrinking by -20.5% compared with the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 93% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, trailer and semi-trailer imports dropped markedly to $X in 2022. In general, imports showed a deep slump. The growth pace was the most rapid in 2017 when imports increased by 78%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Brazil (X units) and the Netherlands (X units) were the main suppliers of trailer and semi-trailer imports to Colombia, together accounting for 67% of total imports. The Dominican Republic, Italy, China and Mexico lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +53.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Italy ($X) constituted the largest trailer and semi-trailer suppliers to Colombia, with a combined 74% share of total imports. The Netherlands, China, Mexico and the Dominican Republic lagged somewhat behind, together comprising a further 6.9%.

Among the main suppliers, the Dominican Republic, with a CAGR of +50.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, with an increase of 5.6% against the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for the Dominican Republic ($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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform