Colombia: Centrifuges Market 2025

Centrifuges Market Size in Colombia

The Colombian centrifuges market soared to $X in 2021, with an increase of 60% 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, continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Centrifuges Exports

Exports from Colombia

In 2021, approx. X units of centrifuges were exported from Colombia; falling by -72.1% compared with 2020. Over the period under review, exports showed a precipitous setback. The pace of growth was the most pronounced in 2016 with an increase of 289% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, centrifuges exports declined notably to $X in 2021. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 599% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X units) was the main destination for centrifuges exports from Colombia, accounting for a 35% share of total exports. Moreover, centrifuges exports to Guatemala exceeded the volume sent to the second major destination, Honduras (X units), threefold. Argentina (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (0.0% per year) and Argentina (0.0% per year).

In value terms, Argentina ($X) emerged as the key foreign market for centrifuges exports from Colombia, comprising 38% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 14% share of total exports. It was followed by Honduras, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+1.9% per year) and Honduras (+4.7% per year).

Export Prices by Country

The average centrifuges export price stood at $X per unit in 2021, increasing by 73% against the previous year. Over the period under review, the export price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2013 an increase of 126% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifuges Imports

Imports into Colombia

In 2021, the amount of centrifuges imported into Colombia surged to X units, jumping by 30% compared with 2020 figures. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 65%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifuges imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Switzerland (X units) and the United States (X units) were the main suppliers of centrifuges imports to Colombia, with a combined 44% share of total imports. Sweden, China, India, Venezuela, Russia, Brazil, Japan, Taiwan (Chinese), South Korea and France lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +64.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifuges suppliers to Colombia were Germany ($X), the United States ($X) and China ($X), with a combined 58% share of total imports. These countries were followed by Sweden, Venezuela, India, Switzerland, Japan, Brazil, Russia, France, South Korea and Taiwan (Chinese), which together accounted for a further 32%.

Russia, with a CAGR of +79.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average centrifuges import price stood at $X per unit in 2021, with an increase of 12% against the previous year. In general, the import price saw tangible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 83%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform