Colombia: Motor Grader Market 2024

Motor Grader Market Size in Colombia

The Colombian motor grader market reduced to $X in 2022, which is down by -13.6% 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 faced a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Motor Grader Exports

Exports from Colombia

Motor grader exports from Colombia dropped remarkably to X units in 2022, reducing by -30.8% compared with 2021 figures. In general, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by 0.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 44%. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, motor grader exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 455% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Chile (X units), Guatemala (X units) and Mexico (X units) were the main destinations of motor grader exports from Colombia, with a combined 44% share of total exports. Moreover, motor grader exports in Chile exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for motor graders and levellers exports from Colombia, comprising 37% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Mexico, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and Mexico (+68.9% per year).

Export Prices by Country

In 2022, the average motor grader export price amounted to $X per unit, which is down by -14.4% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 363% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Ecuador ($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 Chile (+154.1%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Grader Imports

Imports into Colombia

In 2022, approx. X units of motor graders and levellers were imported into Colombia; declining by -7.5% against the year before. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 98%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor grader imports shrank remarkably to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by 138%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Brazil (X units) and Japan (X units) were the main suppliers of motor grader imports to Colombia, together comprising 83% of total imports. The United States, Mexico, Ecuador and Canada lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Brazil ($X) and Mexico ($X) appeared to be the largest motor grader suppliers to Colombia, together comprising 87% of total imports.

Among the main suppliers, Mexico, with a CAGR of +24.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average motor grader import price amounted to $X per unit, which is down by -17.6% against the previous year. Over the period under review, the import price saw a slight slump. The pace of growth was the most pronounced in 2016 an increase of 62%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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