Colombia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Colombia

In 2022, after four years of growth, there was decline in the Colombian market for mechanical appliances for projecting, dispersing or spraying, when its value decreased by -3.2% to $X. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Colombia

In 2022, exports of mechanical appliances for projecting, dispersing or spraying from Colombia expanded notably to X units, with an increase of 15% against the year before. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 41% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units), Australia (X units) and Panama (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Colombia, together comprising 51% of total exports. The Dominican Republic, Peru, Mexico, Venezuela, Paraguay, Bolivia, the United States, Honduras, Argentina and Costa Rica lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Colombia were Australia ($X), Ecuador ($X) and Mexico ($X), with a combined 61% share of total exports. Peru, Bolivia, the Dominican Republic, the United States, Panama, Venezuela, Costa Rica, Argentina, Honduras and Paraguay lagged somewhat behind, together comprising a further 32%.

Honduras, with a CAGR of +65.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, increasing by 2.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Paraguay ($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 Australia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Colombia

In 2022, supplies from abroad of mechanical appliances for projecting, dispersing or spraying increased by 0.5% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 80%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022. Overall, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked 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 supplier of mechanical appliances for projecting, dispersing or spraying to Colombia, accounting for a 78% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.2% per year) and the United States (-9.6% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Colombia, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Brazil, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and Brazil (+2.3% per year).

Import Prices by Country

In 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, waning by -4.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 1.8% against the previous year. As a result, import price reached 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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