Colombia: Wheeled Loader Market 2025

Wheeled Loader Market Size in Colombia

The Colombian wheeled loader market surged to $X in 2021, growing by 68% 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). Over the period under review, consumption, however, recorded a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wheeled Loader Exports

Exports from Colombia

In 2021, after four years of growth, there was significant decline in shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders, when their volume decreased by -42.9% to X units. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 150%. The exports peaked at X units in 2020, and then shrank dramatically in the following year.

In value terms, wheeled loader exports shrank markedly to $X in 2021. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 4,240,418% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units) and the Dominican Republic (X units) were the main destinations of wheeled loader exports from Colombia.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of 0.0%).

In value terms, Chile ($X) emerged as the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Colombia, comprising 4.3% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-1.9% per year) and Mexico (-24.3% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, falling by -16.2% against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 6,583,089%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Mexico ($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 Canada (+12,013,023.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Colombia

In 2021, imports of wheeled loaders, crawler shovel loaders, front-end loaders into Colombia soared to X units, increasing by 69% on the year before. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wheeled loader imports soared to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and the Czech Republic (X units) were the main suppliers of wheeled loader imports to Colombia, together accounting for 74% of total imports. Japan, Brazil, South Korea, the UK, India and Italy lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Colombia, comprising 39% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Brazil, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.8% per year) and Brazil (-9.3% per year).

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, shrinking by -2.6% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheeled loader import price increased by +122.4% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 93%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then reduced slightly in the following year.

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 Brazil ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :