Colombia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Colombia

The Colombian filling containers machinery market declined to $X in 2021, which is down by -3.7% 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). Over the period under review, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Filling Containers Machinery Exports

Exports from Colombia

In 2021, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were exported from Colombia; with a decrease of -36.6% against the previous year. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 226% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports dropped notably to $X in 2021. In general, exports saw a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 133%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X units), Finland (X units) and Ecuador (X units) were the main destinations of filling containers machinery exports from Colombia, together accounting for 58% of total exports. Free Zones, Sweden, South Africa, the Dominican Republic, the United States, Nicaragua, Panama, Honduras and Italy lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Free Zones (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Colombia, comprising 24% of total exports. The second position in the ranking was taken by Free Zones ($X), with a 7.8% share of total exports. It was followed by Paraguay, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Finland stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+27.0% per year) and Paraguay (+0.3% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, with an increase of 29% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 136%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per unit), while the average price for exports to South Africa ($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 Italy (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Colombia

In 2021, imports of machinery for filling, closing, sealing, capsuling or labelling containers into Colombia reduced notably to X units, falling by -15.3% against the previous year. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 48%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, filling containers machinery imports contracted slightly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 42%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Colombia, with a combined 70% share of total imports. These countries were followed by South Korea, Austria, Brazil, the United States and Taiwan (Chinese), which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Colombia were Germany ($X), Italy ($X) and China ($X), together comprising 71% of total imports. These countries were followed by the United States, Brazil, South Korea, Austria and Taiwan (Chinese), which together accounted for a further 7.8%.

In terms of the main suppliers, South Korea, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, 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 filling containers machinery import price amounted to $X per unit, jumping by 18% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, filling containers machinery import price increased by +52.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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