Colombia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Colombia

The Colombian threshing machinery market expanded sharply to $X in 2022, growing by 8.5% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Threshing Machinery Production in Colombia

In value terms, threshing machinery production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Threshing Machinery Exports

Exports from Colombia

In 2022, threshing machinery exports from Colombia reduced notably to X units, which is down by -39.4% on 2021 figures. In general, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 when exports increased by 725%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports contracted notably to $X in 2022. Over the period under review, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by 474% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for threshing machinery exports from Colombia, accounting for a 80% share of total exports. Moreover, threshing machinery exports to the United States exceeded the volume sent to the second major destination, Bolivia (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +74.1%.

In value terms, the United States ($X) emerged as the key foreign market for threshing machinery except combine harvester-threshers exports from Colombia, comprising 78% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +75.5%.

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, declining by -2.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 64%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Colombia

After two years of growth, purchases abroad of threshing machinery except combine harvester-threshers decreased by -19.4% to X units in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 261%. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, threshing machinery imports contracted sharply to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 260% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Brazil (X units) and the United States (X units) were the main suppliers of threshing machinery imports to Colombia, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +114.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Brazil ($X) and the United States ($X) were the largest threshing machinery suppliers to Colombia, together comprising 98% of total imports.

Among the main suppliers, China, with a CAGR of +60.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, reducing by -20.9% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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