Colombia: Fats Preparation Machinery Market 2025

Fats Preparation Machinery Market Size in Colombia

In 2022, after two years of decline, there was significant growth in the Colombian fats preparation machinery market, when its value increased by 5.1% to $X. Over the period under review, consumption showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Fats Preparation Machinery Production in Colombia

In value terms, fats preparation machinery production shrank to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 55% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fats Preparation Machinery Exports

Exports from Colombia

In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils exported from Colombia dropped markedly to X units, waning by -51.8% on 2021 figures. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 355%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fats preparation machinery exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 393% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Guatemala (X units) and the Dominican Republic (X units) were the main destinations of fats preparation machinery exports from Colombia, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +18.4%), while shipments for the other leaders experienced a decline.

In value terms, Mexico ($X) remains the key foreign market for machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports from Colombia, comprising 59% of total exports. The second position in the ranking was taken by Peru ($X), with a 19% share of total exports. It was followed by Guatemala, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-22.6% per year) and Guatemala (-28.3% per year).

Export Prices by Country

The average fats preparation machinery export price stood at $X per unit in 2022, picking up by 25% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fats preparation machinery export price increased by +35.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 105% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Guatemala ($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 Cameroon (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fats Preparation Machinery Imports

Imports into Colombia

After two years of decline, overseas purchases of machinery for the extraction or preparation of animal or fixed vegetable fats or oils increased by 36% to X units in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 130%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fats preparation machinery imports reached $X in 2022. Overall, imports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of 107% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest fats preparation machinery supplier to Colombia, with a 30% share of total imports. Moreover, fats preparation machinery imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.5% per year) and Spain (+47.0% per year).

In value terms, the largest fats preparation machinery suppliers to Colombia were Belgium ($X), the United States ($X) and China ($X), with a combined 29% share of total imports. Italy, Spain, Malaysia, India and Ecuador lagged somewhat behind, together accounting for a further 17%.

Spain, with a CAGR of +65.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fats preparation machinery import price stood at $X per unit in 2022, declining by -23.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 122%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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