Colombia: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Colombia

The Colombian metal threading machine market skyrocketed to $X in 2021, jumping by 51% 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, showed a deep setback. Metal threading machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Metal Threading Machine Exports

Exports from Colombia

In 2021, exports of threading or tapping machines for working metal from Colombia surged to X units, growing by 103% against the previous year's figure. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 369% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal threading machine exports surged to $X in 2021. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 461% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for metal threading machine exports from Colombia, with a 80% share of total exports. Moreover, metal threading machine exports to Ecuador exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.9% per year) and Guatemala (+9.1% per year).

In value terms, Ecuador ($X) remains the key foreign market for threading or tapping machines for working metal exports from Colombia, comprising 74% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.1% per year) and Guatemala (+40.6% per year).

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Guatemala ($X per unit), while the average price for exports to the United States ($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 Guatemala (+13.9%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Colombia

In 2021, approx. X units of threading or tapping machines for working metal were imported into Colombia; jumping by 38% against 2020 figures. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 91%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal threading machine imports soared to $X in 2021. In general, imports, however, recorded a abrupt setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Panama (X units) were the main suppliers of metal threading machine imports to Colombia, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Panama ($X) constituted the largest metal threading machine suppliers to Colombia, with a combined 36% share of total imports.

In terms of the main suppliers, Panama, with a CAGR of +17.4%, 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

The average metal threading machine import price stood at $X per unit in 2021, with an increase of 31% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Germany ($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 Czech Republic (+48.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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