Colombia: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Colombia

In 2021, the Colombian liquid dispensing pump market increased by 49% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Liquid Dispensing Pump Exports

Exports from Colombia

In 2021, the amount of pumps for dispensing liquids exported from Colombia shrank sharply to X units, with a decrease of -29.8% against the previous year. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 216% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, liquid dispensing pump exports dropped markedly to $X in 2021. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 310% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Venezuela (X units), Ecuador (X units) and Costa Rica (X units) were the main destinations of liquid dispensing pump exports from Colombia, together comprising 78% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid dispensing pump exported from Colombia were Panama ($X), the United States ($X) and Costa Rica ($X), with a combined 77% share of total exports. Venezuela and Ecuador lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Ecuador, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, shrinking by -57.5% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 81%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Ecuador ($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 the United States (+4.5%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into Colombia

In 2021, overseas purchases of pumps for dispensing liquids increased by 78% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 500%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, liquid dispensing pump imports rose notably to $X in 2021. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 444%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of liquid dispensing pump to Colombia, accounting for a 64% share of total imports. Moreover, liquid dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+146.4% per year) and Germany (+16.4% per year).

In value terms, China ($X), the United States ($X) and the United Arab Emirates ($X) were the largest liquid dispensing pump suppliers to Colombia, with a combined 68% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +139.7%, saw the highest growth rate of 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 2021, the average liquid dispensing pump import price amounted to $X per unit, reducing by -36.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 47%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :