Report Update Nov 1, 2024

Colombia - Hay-Making Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Colombia

After two years of decline, the Colombian hay-making machinery market increased by 51% to $X in 2021. In general, consumption recorded a measured increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Hay-Making Machinery Exports

Exports from Colombia

In 2021, after two years of decline, there was decline in overseas shipments of hay-making machinery, when their volume decreased by 0% to X units. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 300%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hay-making machinery exports skyrocketed to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 281% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Honduras ($X) remains the key foreign market for hay-making machinery exports from Colombia, comprising 45% of total exports. The second position in the ranking was held by Nicaragua ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Honduras stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+5.5% per year) and Ecuador (-28.7% per year).

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, jumping by 307% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Honduras ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Colombia

In 2021, purchases abroad of hay-making machinery increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 137% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hay-making machinery imports skyrocketed to $X in 2021. In general, imports, however, saw a mild decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 141%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), France (X units) and the Netherlands (X units) were the main suppliers of hay-making machinery imports to Colombia, with a combined 53% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +27.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hay-making machinery suppliers to Colombia were France ($X), Poland ($X) and Brazil ($X), with a combined 57% share of total imports.

Poland, with a CAGR of +27.7%, 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 2021, the average hay-making machinery import price amounted to $X per unit, with an increase of 9.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+33.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hay-making machinery in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Pakistan, Russia, Nigeria, Brazil, Indonesia, France, Ethiopia, Canada, Germany and Spain, which together accounted for a further 26%.

What are the largest producers of hay-making machinery in the world?

China constituted the country with the largest volume of hay-making machinery production, comprising approx. 22% of total volume. Moreover, hay-making machinery production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.7% share.

What are the leading suppliers of hay-making machinery to Colombia?

In value terms, France, China and Italy constituted the largest hay-making machinery suppliers to Colombia, with a combined 55% share of total imports.

What are the leading importers of hay-making machinery from Colombia?

In value terms, Honduras remains the key foreign market for hay-making machinery exports from Colombia, comprising 64% of total exports. The second position in the ranking was occupied by Guatemala $668), with a 14% share of total exports.

What is the average export price for hay-making machinery in Colombia?

The average hay-making machinery export price stood at $1,040 per unit in 2021, reducing by -9.5% against the previous year.

What is the average import price for hay-making machinery in Colombia?

In 2021, the average hay-making machinery import price amounted to $6,413 per unit, falling by -21.4% against the previous year.

This report provides an in-depth analysis of the hay-making machinery 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 28305200 - Hay-making machinery

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