Colombia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Colombia

The Colombian market for fully or partly automatic electric machines for arc welding of metals shrank to $X in 2022, falling by -5.1% 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). Overall, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Colombia

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported from Colombia; shrinking by -7.9% compared with 2021 figures. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by 1,314%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals fell significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 832%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Colombia, accounting for a 87% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to the United States exceeded the volume sent to the second major destination, Ecuador (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +45.7%.

In value terms, the United States ($X) emerged as the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Colombia, comprising 89% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +39.1%.

Export Prices by Country

The average export price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, waning by -10.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 130% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ecuador stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+52.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Colombia

In 2022, imports of fully or partly automatic electric machines for arc welding of metals into Colombia dropped to X units, declining by -6.8% compared with the year before. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 113%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals contracted slightly to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 91% against the previous year. Over the period under review, imports of reached 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 fully or partly automatic arc welding machine supplier to Colombia, with a 85% share of total imports. Moreover, imports of fully or partly automatic electric machines for arc welding of metals from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Poland (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.2% per year) and Poland (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of fully or partly automatic electric machines for arc welding of metals to Colombia, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Austria, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.4% per year) and Austria (-15.6% per year).

Import Prices by Country

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, growing by 2.9% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :