Colombia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Colombia

The Colombian market for pneumatic or hydraulic hand tools expanded markedly to $X in 2021, picking up by 5.4% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Colombia

In value terms, pneumatic or hydraulic hand tool production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Colombia

In 2021, overseas shipments of pneumatic or hydraulic hand tools decreased by -26% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 67% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports fell to $X in 2021. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 64%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons), Argentina (X tons) and the United States (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Colombia, together comprising 43% of total exports. Mexico, Guatemala, Peru, Switzerland, Costa Rica, Ecuador, El Salvador, Panama, Honduras and Bolivia lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +94.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Colombia were Mexico ($X), the United States ($X) and Guatemala ($X), together comprising 49% of total exports. Peru, Costa Rica, Kazakhstan, Ecuador, El Salvador, Honduras, Argentina, Panama, Switzerland and Bolivia lagged somewhat behind, together accounting for a further 42%.

Bolivia, with a CAGR of +79.3%, 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Colombia

Pneumatic or hydraulic hand tool imports into Colombia dropped to X tons in 2021, reducing by -4.2% against the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool imports rose markedly to $X in 2021. Overall, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Colombia, accounting for a 66% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.5% per year) and Japan (-12.2% per year).

In value terms, China ($X), Brazil ($X) and Japan ($X) were the largest pneumatic or hydraulic hand tool suppliers to Colombia, with a combined 74% share of total imports.

Brazil, with a CAGR of +11.8%, recorded 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 mixed trend patterns.

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price, however, showed a pronounced contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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