Colombia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Colombia

The Colombian agricultural harvester market expanded sharply to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Harvester Production in Colombia

In value terms, agricultural harvester production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Agricultural Harvester Exports

Exports from Colombia

In 2022, exports of agricultural harvesters from Colombia dropped remarkably to X units, waning by X% against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, agricultural harvester exports declined modestly to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X units), Honduras (X units) and Ecuador (X units) were the main destinations of agricultural harvester exports from Colombia, with a combined X% share of total exports. Bolivia, the United States, El Salvador, Guatemala, Tanzania, Haiti, Madagascar, Curacao, the Dominican Republic and Costa Rica lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Honduras ($X) and Guatemala ($X) constituted the largest markets for agricultural harvester exported from Colombia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, 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

In 2022, the average agricultural harvester export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the Dominican Republic ($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 Guatemala (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Harvester Imports

Imports into Colombia

In 2022, imports of agricultural harvesters into Colombia soared to X units, with an increase of X% on 2021. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, agricultural harvester imports surged to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest agricultural harvester supplier to Colombia, accounting for a X% share of total imports. Moreover, agricultural harvester imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of agricultural harvesters to Colombia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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