Colombia: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Colombia

In 2022, after two years of growth, there was significant decline in the Colombian pneumatic elevator market, when its value decreased by -57.8% to $X. In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Pneumatic Elevator Exports

Exports from Colombia

In 2022, exports of pneumatic elevators and conveyors from Colombia was estimated at X units, surging by 10% compared with the year before. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 84%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic elevator exports expanded markedly to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 88%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X units), Peru (X units) and Ecuador (X units) were the main destinations of pneumatic elevator exports from Colombia, together comprising 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +43.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Colombia, comprising 60% of total exports. The second position in the ranking was held by Chile ($X), with a 17% share of total exports. It was followed by Ecuador, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.0% per year) and Ecuador (+8.3% per year).

Export Prices by Country

The average pneumatic elevator export price stood at $X per unit in 2022, declining by -1.7% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 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 Mexico ($X per unit), while the average price for exports to Panama ($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 Honduras (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pneumatic Elevator Imports

Imports into Colombia

After two years of growth, supplies from abroad of pneumatic elevators and conveyors decreased by -30.1% to X units in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 444% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic elevator imports contracted significantly to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 339%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of pneumatic elevator imports to Colombia, with a combined 90% share of total imports. Germany and Brazil lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to Colombia were the United States ($X), China ($X) and Germany ($X), together accounting for 85% of total imports. Italy and Brazil lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Italy, with a CAGR of +36.3%, 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

In 2022, the average pneumatic elevator import price amounted to $X per unit, with a decrease of -6.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 65%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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