Colombia: Hydraulic Press Market 2024

Hydraulic Press Market Size in Colombia

In 2022, the Colombian hydraulic press market decreased by -17.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a abrupt decrease. Hydraulic press consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Exports

Exports from Colombia

In 2022, exports of hydraulic presses for working metal from Colombia dropped notably to X units, which is down by -63% against 2021. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 300% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic press exports contracted significantly to $X in 2022. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 1,319% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X units), Bolivia (X units) and Peru (X units) were the main destinations of hydraulic press exports from Colombia, with a combined 30% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for hydraulic presses for working metal exports from Colombia, comprising 73% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.3% share of total exports. It was followed by Honduras, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-11.0% per year) and Honduras (+2.2% per year).

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, with an increase of 67% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 255%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Ecuador ($X per unit), while the average price for exports to Panama ($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 Ecuador (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Colombia

In 2022, after three years of growth, there was significant decline in supplies from abroad of hydraulic presses for working metal, when their volume decreased by -22.4% to X units. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 201% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic press imports surged to $X in 2022. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 289%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hydraulic press to Colombia, accounting for a 91% share of total imports. It was followed by the United States (X units), with a 1.7% share of total imports. The third position in this ranking was held by Spain (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and Spain (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to Colombia, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.2% share of total imports. It was followed by Taiwan (Chinese), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.4% per year) and Taiwan (Chinese) (-29.0% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, picking up by 52% against the previous year. Overall, the import price showed a pronounced increase. The growth pace was the most rapid in 2013 an increase of 320% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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