Report Update Nov 1, 2024

Colombia - Hydraulic Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Hydraulic Jack Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic jacks and hoists for raising vehicles in the world?

The countries with the highest volumes of in 2021 were China, the United States and Nigeria, with a combined 44% share of global consumption.

What are the largest producers of hydraulic jacks and hoists for raising vehicles in the world?

China constituted the country with the largest volume of hydraulic jack production, comprising approx. 65% of total volume. Moreover, hydraulic jack production in China exceeded the figures recorded by the second-largest producer, India, eightfold. Japan ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of hydraulic jacks and hoists for raising vehicles to Colombia?

In value terms, Mexico, the United States and Canada constituted the largest hydraulic jack suppliers to Colombia, together comprising 69% of total imports.

What are the leading importers of hydraulic jacks and hoists for raising vehicles from Colombia?

In value terms, Switzerland emerged as the key foreign market for hydraulic jack exports from Colombia, comprising 65% of total exports. The second position in the ranking was occupied by Nicaragua, with a 15% share of total exports. It was followed by Guatemala, with a 13% share.

What is the average export price for hydraulic jacks and hoists for raising vehicles in Colombia?

In 2021, the average hydraulic jack export price amounted to $172 per unit, picking up by 4.2% against the previous year.

What is the average import price for hydraulic jacks and hoists for raising vehicles in Colombia?

The average hydraulic jack import price stood at $62 per unit in 2021, surging by 126% against the previous year.

This report provides an in-depth analysis of the hydraulic jack 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 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

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