Report Update Nov 1, 2024

Colombia - Underground Continuous-Action Elevators and Conveyors - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Colombia

The Colombian underground continuous-action elevator market dropped slightly to $X in 2021, with a decrease of -3.4% against the previous year. Overall, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in Colombia

In value terms, underground continuous-action elevator production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Underground continuous-action elevator production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports from Colombia

In 2021, shipments abroad of underground continuous-action elevators and conveyors decreased by -3.8% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 353% against the previous year. The exports peaked at X units in 2020, and then declined modestly in the following year.

In value terms, underground continuous-action elevator exports totaled $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 370%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bolivia (X units) was the main destination for underground continuous-action elevator exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +32.4%.

In value terms, Bolivia ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Colombia.

From 2012 to 2021, the average annual growth rate of value to Bolivia stood at +48.0%.

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, with an increase of 4.4% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 69% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2021, the rate of growth in terms of prices for Bolivia amounted to +11.8% per year.

Underground Continuous-Action Elevator Imports

Imports into Colombia

In 2021, overseas purchases of underground continuous-action elevators and conveyors increased by 407% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, underground continuous-action elevator imports surged to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Sweden (X units) and Peru (X units) were the main suppliers of underground continuous-action elevator imports to Colombia, with a combined 51% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +13.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), China ($X) and Spain ($X) appeared to be the largest underground continuous-action elevator suppliers to Colombia, with a combined 53% share of total imports.

China, with a CAGR of +15.8%, recorded the highest rates of growth with regard to 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

The average underground continuous-action elevator import price stood at $X per unit in 2021, jumping by 25% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, underground continuous-action elevator import price increased by +29.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for underground continuous-action elevators and conveyors in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 29% share of global consumption. These countries were followed by India, Japan, Italy, Austria, Brazil, Poland, Indonesia, South Korea, Canada and Democratic Republic of the Congo, which together accounted for a further 31%.

What are the largest producers of underground continuous-action elevators and conveyors in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 29% of global production. These countries were followed by India, Japan, Poland, the UK, Estonia, Italy, Brazil, South Korea, Canada and Democratic Republic of the Congo, which together accounted for a further 35%.

What are the leading suppliers of underground continuous-action elevators and conveyors to Colombia?

In value terms, Sweden constituted the largest supplier of underground continuous-action elevator to Colombia, comprising 53% of total imports. The second position in the ranking was occupied by China, with a 15% share of total imports. It was followed by Spain, with a 12% share.

What are the leading importers of underground continuous-action elevators and conveyors from Colombia?

In value terms, Bolivia remains the key foreign market for underground continuous-action elevator exports from Colombia.

What is the average export price for underground continuous-action elevators and conveyors in Colombia?

In 2021, the average underground continuous-action elevator export price amounted to $18,471 per unit, flattening at the previous year.

What is the average import price for underground continuous-action elevators and conveyors in Colombia?

The average underground continuous-action elevator import price stood at $14,447 per unit in 2021, declining by -8% against the previous year.

This report provides an in-depth analysis of the underground continuous-action elevator market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921100 - Continuous-action elevators and conveyors, for underground use

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023