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

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

The Colombian market for diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021, rising by 38% 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 noticeable shrinkage. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

Exports from Colombia

In 2021, overseas shipments of diesel or semi-diesel electric generating sets of output under X kVA increased by 167% to X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 1,767% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 2,867% 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 exports of diesel or semi-diesel electric generating sets of output under X kVA from Colombia, with a 50% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Guatemala exceeded the volume sent to the second major destination, Jamaica (X units), fourfold. Mexico (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (0.0% per year) and Mexico (0.0% per year).

In value terms, Mexico ($X), Guatemala ($X) and Costa Rica ($X) were the largest markets for diesel or semi-diesel electric generating set of output under X kVA exported from Colombia worldwide, with a combined 64% share of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of +44.6%, 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 under X kVA stood at $X per unit in 2021, growing by 7.3% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 85% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per unit), while the average price for exports to Jamaica ($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 El Salvador (+32.4%), 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 Under 75 kVA

Imports into Colombia

In 2021, approx. X units of diesel or semi-diesel electric generating sets of output under X kVA were imported into Colombia; rising by 42% against 2020. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. Over the period under review, imports, however, saw a perceptible descent. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main diesel or semi-diesel electric generating set of output under X kVA supplier to Colombia, accounting for a approx. 92% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.9%.

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Colombia.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, which is down by -5.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.4% per year.

Source: IndexBox Platform

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