Colombia: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Colombia

The Colombian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA fell notably to $X in 2022, which is down by -17.1% 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). Over the period under review, consumption recorded a abrupt curtailment. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Colombia

In 2022, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by -11.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 76%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. In general, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Peru (X units), Venezuela (X units) and Guatemala (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Colombia, with a combined 40% share 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 Peru (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), the United States ($X) and Ecuador ($X) appeared to be the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Colombia worldwide, together comprising 53% of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +11.2%, saw the highest rates of growth with regard to 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

The average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, growing by 48% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Colombia

In 2022, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA into Colombia reduced remarkably to X units, falling by -19.5% compared with the previous year's figure. Overall, imports saw a slight contraction. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA fell dramatically to $X in 2022. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output over X kVA but under X kVA to Colombia, with a 81% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-15.6% per year) and India (+5.6% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Colombia, comprising 72% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.3% share of total imports. It was followed by Austria, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-16.7% per year) and Austria (+19.9% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, surging by 4.1% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 when the average import price increased by 6.2% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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