Colombia: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Colombia

The Colombian metal deburring machine market skyrocketed to $X in 2021, rising by 44% 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). Overall, consumption, however, recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Deburring Machine Exports

Exports from Colombia

For the third year in a row, Colombia recorded decline in overseas shipments of machines for deburring or polishing metal, which decreased by -58.3% to X units in 2021. Overall, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,815% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal deburring machine exports dropped rapidly to $X in 2021. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 2,044%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Haiti (X units) and Bolivia (X units) were the main destinations of metal deburring machine exports from Colombia, with a combined 90% share of total exports. These countries were followed by Ecuador, which accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +9.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bolivia ($X) emerged as the key foreign market for machines for deburring or polishing metal exports from Colombia, comprising 74% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 16% share of total exports. It was followed by Haiti, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled -30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-4.6% per year) and Haiti (+2.4% per year).

Export Prices by Country

The average metal deburring machine export price stood at $X per unit in 2021, surging by 92% against the previous year. Overall, the export price posted a slight increase. The growth pace was the most rapid in 2019 an increase of 678%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Guatemala ($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 Haiti (-1.3%), while the prices for the other major destinations experienced a decline.

Metal Deburring Machine Imports

Imports into Colombia

In 2021, the amount of machines for deburring or polishing metal imported into Colombia surged to X units, picking up by 49% against the previous year. Overall, imports, however, showed a abrupt decline. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal deburring machine imports expanded remarkably to $X in 2021. In general, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 120% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal deburring machine supplier to Colombia, accounting for a 88% share of total imports. Moreover, metal deburring machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and Taiwan (Chinese) (-16.1% per year).

In value terms, China ($X) constituted the largest supplier of machines for deburring or polishing metal to Colombia, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 28% share of total imports. It was followed by the United States, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and the United States (-29.4% per year).

Import Prices by Country

In 2021, the average metal deburring machine import price amounted to $X per unit, declining by -25.2% against the previous year. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 87% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :