Report Update Nov 1, 2024

Colombia - Grinding or Polishing Machines for Working Stone, Ceramics and Concrete - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Colombia

The Colombian stone polishing machine market fell significantly to $X in 2022, waning by -53.2% 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 recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -46.7% to X units. Overall, exports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 275%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports plummeted to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 230% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for stone polishing machine exports from Colombia, accounting for a 75% share of total exports. Moreover, stone polishing machine exports to Ecuador exceeded the volume sent to the second major destination, Peru (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador was relatively modest.

In value terms, the largest markets for stone polishing machine exported from Colombia were Ecuador ($X) and Peru ($X).

In terms of the main countries of destination, Peru, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, jumping by 27% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 65%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 Ecuador amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Colombia

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Colombia; dropping by -57.8% on the previous year's figure. In general, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 636% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, stone polishing machine imports reduced rapidly to $X in 2022. Overall, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 456%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stone polishing machine to Colombia, accounting for a 84% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.6% per year) and Italy (-9.9% per year).

In value terms, China ($X), France ($X) and South Korea ($X) were the largest stone polishing machine suppliers to Colombia, with a combined 86% share of total imports.

South Korea, with a CAGR of +29.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, picking up by 40% against the previous year. In general, the import price saw buoyant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 168% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($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 (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding or polishing machines for working stone, ceramics and concrete in the world?

The countries with the highest volumes of in 2021 were Italy, the United States and South Africa, with a combined 51% share of global consumption. Brazil, Nigeria, China, Japan, Indonesia, Singapore, Spain, India, Thailand and Malaysia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of grinding or polishing machines for working stone, ceramics and concrete in the world?

The country with the largest volume of stone polishing machine production was Italy, accounting for 46% of total volume. Moreover, stone polishing machine production in Italy exceeded the figures recorded by the second-largest producer, China, threefold. South Korea ranked third in terms of total production with a 10% share.

What are the leading suppliers of grinding or polishing machines for working stone, ceramics and concrete to Colombia?

In value terms, Italy and China appeared to be the largest stone polishing machine suppliers to Colombia.

What are the leading importers of grinding or polishing machines for working stone, ceramics and concrete from Colombia?

In value terms, the largest markets for stone polishing machine exported from Colombia were Mexico, Peru and Ecuador.

What is the average export price for grinding or polishing machines for working stone, ceramics and concrete in Colombia?

The average stone polishing machine export price stood at $6,096 per unit in 2021, picking up by 3.9% against the previous year.

What is the average import price for grinding or polishing machines for working stone, ceramics and concrete in Colombia?

In 2021, the average stone polishing machine import price amounted to $282 per unit, surging by 5.1% against the previous year.

This report provides an in-depth analysis of the stone polishing machine market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28491150 - Grinding or polishing machines for working stone, ceramics, c oncrete, asbestos-cement or like mineral materials or for cold working glass

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023