Colombia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Colombia

For the third consecutive year, the Colombian steam blasting machine market recorded growth in sales value, which increased by 131% to $X in 2021. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Exports

Exports from Colombia

In 2021, after two years of decline, there was significant growth in overseas shipments of steam or sand blasting machines and similar jet-projecting machines, when their volume increased by 42% to X units. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 787% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, steam blasting machine exports soared to $X in 2021. In general, exports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2018 when exports increased by 257%. 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

Ecuador (X units), Mexico (X units) and the Dominican Republic (X units) were the main destinations of steam blasting machine exports from Colombia, together accounting for 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Dominican Republic ($X) and Honduras ($X) were the largest markets for steam blasting machine exported from Colombia worldwide, with a combined 31% share of total exports. Mexico, Peru, Costa Rica, Ecuador, Guatemala, Panama, France, Nicaragua and Bolivia lagged somewhat behind, together comprising a further 40%.

Costa Rica, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average steam blasting machine export price amounted to $X per unit, growing by 73% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 215%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Bolivia ($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 Honduras (+77.5%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Colombia

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines increased by 183% to X units, rising for the second consecutive year after five years of decline. Overall, imports, however, showed a abrupt descent. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, steam blasting machine imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a mild reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of steam blasting machine to Colombia, accounting for a 83% share of total imports. Moreover, steam blasting machine imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +127.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-34.8% per year) and China (-27.8% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Colombia, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.5% per year) and the United States (-8.3% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, reducing by -38.6% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 139%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Belgium ($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 (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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