Colombia: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Colombia

The Colombian non-electric chainsaw market contracted notably to $X in 2022, reducing by -23.7% 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). In general, consumption, however, saw strong growth. Non-electric chainsaw consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Non-Electric Chainsaw Exports

Exports from Colombia

After four years of decline, shipments abroad of chainsaws with a self-contained non-electric motor increased by 85% to X units in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 656% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric chainsaw exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 708% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric chainsaw exports from Colombia, with a 67% share of total exports. Moreover, non-electric chainsaw exports to the United States exceeded the volume sent to the second major destination, Venezuela (X units), eightfold. The third position in this ranking was held by Peru (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-4.9% per year) and Peru (+4.8% per year).

In value terms, Peru ($X) remains the key foreign market for chainsaws with a self-contained non-electric motor exports from Colombia, comprising 60% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 17% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Peru totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-6.5% per year) and the United States (+14.9% per year).

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, with an increase of 35% against the previous year. In general, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to the United States ($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 (+9.5%), while the prices for the other major destinations experienced a decline.

Non-Electric Chainsaw Imports

Imports into Colombia

In 2022, after four years of growth, there was significant decline in overseas purchases of chainsaws with a self-contained non-electric motor, when their volume decreased by -24.3% to X units. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 162% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted remarkably in the following year.

In value terms, non-electric chainsaw imports shrank notably to $X in 2022. Overall, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of 138% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-electric chainsaw supplier to Colombia, accounting for a 58% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. Germany (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+22.0% per year) and Germany (-2.5% per year).

In value terms, Brazil ($X), China ($X) and Germany ($X) appeared to be the largest non-electric chainsaw suppliers to Colombia, with a combined 92% share of total imports.

Brazil, with a CAGR of +15.4%, recorded 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 mixed trend patterns.

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, remaining constant against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2016 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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