Colombia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Colombia

In 2021, the Colombian market for in-hand motor grinders, sanders and planers increased by 23% to $X, rising for the fifth consecutive year after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.8% against 2016 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Colombia

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Colombia declined dramatically to X units, which is down by -59.9% compared with the previous year. In general, exports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2017 with an increase of 473% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers shrank markedly to $X in 2021. Overall, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 326% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Colombia, with a 34% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Panama exceeded the volume sent to the second major destination, Venezuela (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-3.4% per year) and the United States (+82.2% per year).

In value terms, Panama ($X) emerged as the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Colombia, comprising 36% of total exports. The second position in the ranking was held by Mexico ($X), with an 18% share of total exports. It was followed by Ecuador, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.1% per year) and Ecuador (-3.9% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, declining by -16.5% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 65%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Venezuela ($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 Panama (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Colombia

Imports of in-hand motor grinders, sanders and planers into Colombia skyrocketed to X units in 2021, increasing by 27% compared with the previous year. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.0% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.8% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 25%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main electromechanical tools for working in the hand, with self-contained electric motor supplier to Colombia, accounting for a 92% share of total imports. It was followed by Mexico (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.0% per year) and the Netherlands (+94.9% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Colombia, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+82.0% per year) and Mexico (-8.3% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, waning by -4.1% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of 10% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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