Colombia: Full-Rotation Excavator Market 2025

Full-Rotation Excavator Market Size in Colombia

In 2021, the Colombian full-rotation excavator market increased by 54% to $X, rising for the fifth year in a row after four years of decline. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from Colombia

In 2021, shipments abroad of self-propelled full-rotation excavators and bulldozers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 300%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, full-rotation excavator exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 285%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), Panama (X units) and Peru (X units) were the main destinations of full-rotation excavator exports from Colombia, with a combined 67% share of total exports. Moreover, full-rotation excavator exports in Costa Rica exceeded the figures recorded by the second-largest exporter, Panama, twofold.

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 +8.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for full-rotation excavator exported from Colombia were Costa Rica ($X), Peru ($X) and Panama ($X), with a combined 59% share of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of +18.0%, 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 mixed trend patterns.

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, increasing by 62% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the United States ($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 Ecuador (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Colombia

In 2021, full-rotation excavator imports into Colombia soared to X units, increasing by 34% on 2020. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, full-rotation excavator imports soared to $X in 2021. In general, imports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 103%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Brazil (X units) were the main suppliers of full-rotation excavator imports to Colombia, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of -2.3%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Brazil ($X) constituted the largest full-rotation excavator suppliers to Colombia, with a combined 74% share of total imports.

China, with a CAGR of +6.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average full-rotation excavator import price amounted to $X per unit, jumping by 21% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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