Colombia: Hand Sieve Market 2024

Hand Sieve Market Size in Colombia

The Colombian hand sieve market shrank rapidly to $X in 2022, reducing by -17.8% against the previous year. In general, consumption saw a abrupt downturn. Hand sieve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hand Sieve Production in Colombia

In value terms, hand sieve production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hand Sieve Exports

Exports from Colombia

After three years of growth, shipments abroad of hand sieves and hand riddles decreased by -24.7% to X units in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 77%. As a result, the exports reached the peak of X units, and then fell notably in the following year.

In value terms, hand sieve exports fell significantly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Peru (X units) was the main destination for hand sieve exports from Colombia, accounting for a 61% share of total exports. Moreover, hand sieve exports to Peru exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was held by the Dominican Republic (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.6% per year) and the Dominican Republic (+89.5% per year).

In value terms, the largest markets for hand sieve exported from Colombia were Peru ($X), Chile ($X) and Guatemala ($X), together accounting for 91% of total exports. The Dominican Republic, Panama, Bolivia and Aruba lagged somewhat behind, together accounting for a further 1.9%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +88.1%, 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 hand sieve export price stood at $X per unit in 2022, increasing by 6.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Aruba ($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 Bolivia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Sieve Imports

Imports into Colombia

In 2022, supplies from abroad of hand sieves and hand riddles decreased by -34.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 69% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand sieve imports declined sharply to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 78% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hand sieve supplier to Colombia, with a 77% share of total imports. Moreover, hand sieve imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-5.2% per year) and Italy (+10.4% per year).

In value terms, China ($X), Panama ($X) and the UK ($X) appeared to be the largest hand sieve suppliers to Colombia, with a combined 71% share of total imports.

Panama, with a CAGR of +12.4%, 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 a decline.

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, rising by 24% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 103%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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