Colombia: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Colombia

After two years of growth, the Colombian hand-operated air pump market decreased by -7.2% to $X in 2022. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Hand-Operated Air Pump Exports

Exports from Colombia

After two years of decline, overseas shipments of hand or foot-operated air pumps increased by 7.6% to X units in 2022. Over the period under review, exports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand-operated air pump exports skyrocketed to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 41%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units), Ecuador (X units) and Aruba (X units) were the main destinations of hand-operated air pump exports from Colombia, together accounting for 97% 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 Aruba (with a CAGR of +81.7%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) remains the key foreign market for hand or foot-operated air pumps exports from Colombia, comprising 74% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 20% share of total exports. It was followed by Aruba, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Costa Rica totaled +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+4.7% per year) and Aruba (+62.9% per year).

Export Prices by Country

In 2022, the average hand-operated air pump export price amounted to $X per unit, jumping by 24% against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 81% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to El Salvador ($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 Costa Rica (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Operated Air Pump Imports

Imports into Colombia

Hand-operated air pump imports into Colombia totaled X units in 2022, remaining stable against the previous year. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, hand-operated air pump imports reduced to $X in 2022. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Colombia, with a 87% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.9% per year) and France (-9.0% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Colombia, comprising 75% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.5% per year) and France (-5.6% per year).

Import Prices by Country

In 2022, the average hand-operated air pump import price amounted to $X per unit, reducing by -10.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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