Colombia: Hydraulic Jack Market 2025

Hydraulic Jack Market Size in Colombia

The Colombian hydraulic jack market dropped dramatically to $X in 2022, which is down by -18.1% 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). In general, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Hydraulic Jack Exports

Exports from Colombia

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from Colombia; waning by -16.9% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 132%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hydraulic jack exports fell remarkably to $X in 2022. In general, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 131%. 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

Spain (X units) was the main destination for hydraulic jack exports from Colombia, with a 86% share of total exports. Moreover, hydraulic jack exports to Spain exceeded the volume sent to the second major destination, Peru (X units), ninefold. Costa Rica (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+1.3% per year) and Costa Rica (+8.4% per year).

In value terms, Spain ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Colombia, comprising 88% of total exports. The second position in the ranking was held by Peru ($X), with a 7.7% share of total exports. It was followed by Ecuador, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-5.7% per year) and Ecuador (-3.1% per year).

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 247%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Costa Rica ($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 Panama (+11.6%), while the prices for the other major destinations experienced a decline.

Hydraulic Jack Imports

Imports into Colombia

In 2022, hydraulic jack imports into Colombia shrank sharply to X units, falling by -21.5% on the year before. Overall, imports showed a slight decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hydraulic jack imports fell sharply to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main hydraulic jack supplier to Colombia, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.4%.

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, surging by 5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 35%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

Source: IndexBox Platform

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