Colombia: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Colombia

The Colombian metal sawing machine market skyrocketed to $X in 2021, growing by 62% 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). In general, consumption, however, continues to indicate a abrupt decline. Metal sawing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Sawing Machine Exports

Exports from Colombia

In 2021, approx. X units of sawing or cutting-off machines for working metal were exported from Colombia; jumping by 93% against 2020 figures. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,025% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,003% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Costa Rica (X units) was the main destination for metal sawing machine exports from Colombia, with a 53% share of total exports. Moreover, metal sawing machine exports to Costa Rica exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Venezuela (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Costa Rica stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+39.5% per year) and Venezuela (+26.0% per year).

In value terms, the largest markets for metal sawing machine exported from Colombia were Venezuela ($X), Costa Rica ($X) and the United States ($X), with a combined 37% share of total exports.

In terms of the main countries of destination, Venezuela, with a CAGR of +95.3%, saw 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

In 2021, the average metal sawing machine export price amounted to $X per unit, increasing by 60% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 130%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Peru ($X per unit), while the average price for exports to Panama ($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 Peru (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Colombia

Metal sawing machine imports into Colombia surged to X units in 2021, jumping by 91% against the previous year's figure. Overall, imports, however, recorded a deep reduction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal sawing machine imports surged to $X in 2021. Over the period under review, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 72% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Colombia, accounting for a 77% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+48.6% per year) and India (+55.4% per year).

In value terms, Argentina ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Colombia, comprising 33% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina totaled +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.3% per year) and India (+50.5% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, dropping by -20.8% against the previous year. In general, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal sawing machine import price decreased by -2.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 61%. The import price peaked at $X per unit in 2020, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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