Colombia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Colombia

For the fifth year in a row, the Colombian agricultural product dryer market recorded growth in sales value, which increased by 23% to $X in 2021. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Agricultural Product Dryer Production in Colombia

In value terms, agricultural product dryer production rose markedly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 40% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Colombia

In 2021, exports of dryers for the treatment of agricultural products from Colombia dropped remarkably to X units, falling by -22.7% against 2020 figures. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of 405% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, agricultural product dryer exports shrank significantly to $X in 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 212% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Tanzania (X units) and the United States (X units) were the main destinations of agricultural product dryer exports from Colombia, together accounting for 71% of total exports. These countries were followed by Ecuador, Panama and Honduras, which together accounted for a further 24%. Moreover, agricultural product dryer exports in Guatemala exceeded the figures recorded by the second-largest exporter, Tanzania, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +9.1%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Guatemala ($X) and Tanzania ($X) appeared to be the largest markets for agricultural product dryer exported from Colombia worldwide, together comprising 58% of total exports. Ecuador, Honduras and Panama lagged somewhat behind, together comprising a further 34%.

Ecuador, with a CAGR of +57.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, which is down by -43.9% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 98%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average 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 Honduras ($X per unit), while the average price for exports to Guatemala ($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 Uganda (+17.6%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Colombia

In 2021, supplies from abroad of dryers for the treatment of agricultural products increased by 88% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 457% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, agricultural product dryer imports skyrocketed to $X in 2021. In general, imports showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 217% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest agricultural product dryer supplier to Colombia, with a 39% share of total imports. Moreover, agricultural product dryer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +93.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+121.3% per year) and Taiwan (Chinese) (+45.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of dryers for the treatment of agricultural products to Colombia, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+109.3% per year) and China (+69.6% per year).

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, increasing by 31% against the previous year. Overall, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+13.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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