Colombia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Colombia

The Colombian non-numerically controlled drilling machine market skyrocketed to $X in 2021, picking up by 486% 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 showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Colombia

Non-numerically controlled drilling machine exports from Colombia fell dramatically to X tons in 2021, with a decrease of -44% against the previous year's figure. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 2,001% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports fell notably to $X in 2021. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 2,414%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X kg), Mexico (X kg) and El Salvador (X kg) were the main destinations of non-numerically controlled drilling machine exports from Colombia, with a combined 75% share of total exports. Ecuador, Guatemala, Chile and Venezuela lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +27.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Colombia were Mexico ($X), Ecuador ($X) and Panama ($X), with a combined 80% share of total exports. These countries were followed by El Salvador, Guatemala, Chile and Venezuela, which together accounted for a further 4.9%.

Guatemala, with a CAGR of +191.5%, saw the highest growth rate of the value of exports, in terms of 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 non-numerically controlled drilling machine export price stood at $X per ton in 2021, falling by -14.4% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 115%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+23.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Colombia

In 2021, approx. X tons of non-numerically controlled drilling machines for working metal were imported into Colombia; growing by 426% on 2020. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports soared to $X in 2021. Over the period under review, imports posted a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to Colombia, accounting for a 50% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+81.9% per year) and the United States (-4.5% per year).

In value terms, the United States ($X), China ($X) and Turkey ($X) constituted the largest non-numerically controlled drilling machine suppliers to Colombia, with a combined 84% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +64.0%, 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 more modest paces of growth.

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, surging by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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