Price for Machinery; Parts of the Machinery of Heading No. 8425 in Colombia - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $13,314 per ton in 2022, with a decrease of -1.9% against the previous year. In general, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2020 an increase of 13%. As a result, import price reached the peak level of $16,222 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($37,583 per ton), while the price for China ($4,676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $9,919 per ton in 2022, declining by -35.7% against the previous year. Overall, the export price, however, posted a perceptible increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 91%. The export price peaked at $23,814 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($14,856 per ton), while the average price for exports to the United States ($6,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Colombia soared to 268 tons, picking up by 43% against 2021. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $3.6M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,239 | 641 | 812 | 1,346 | 2.8% |
| Germany | 722 | 550 | 603 | 736 | 0.6% |
| China | 347 | 269 | 390 | 585 | 19.0% |
| France | 49.3 | 77.9 | 78.9 | 208 | 61.6% |
| Spain | 130 | 73.7 | 234 | 189 | 13.3% |
| Italy | 28.2 | 38.7 | 36.6 | 110 | 57.4% |
| Japan | 97.3 | 46.8 | 59.0 | 57.2 | -16.2% |
| South Korea | 57.4 | 59.4 | 92.3 | 52.2 | -3.1% |
| Others | 207 | 221 | 231 | 291 | 12.0% |
| Total | 2,877 | 1,977 | 2,538 | 3,573 | 7.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Colombia in 2022:
- China (125.2 tons)
- United States (62.6 tons)
- Germany (26.0 tons)
- Spain (20.1 tons)
- South Korea (6.9 tons)
- France (5.5 tons)
- Italy (4.8 tons)
- Japan (3.8 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia
In 2022, shipments abroad of machinery; parts of the machinery of heading no. 8425 was finally on the rise to reach 9.2 tons after two years of decline. Overall, exports, however, recorded a deep setback.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined to $91K in 2022. Over the period under review, exports, however, faced a dramatic descent. The smallest decline of -11.9% was in 2021.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | 5.0 | 93.5 | 45.8 | 202.7% |
| Guatemala | N/A | 6.9 | 2.0 | 18.0 | 61.5% |
| Ecuador | 116 | 12.6 | 2.7 | 12.3 | -52.7% |
| United States | N/A | N/A | N/A | 9.5 | 0% |
| Honduras | N/A | N/A | 1.7 | 3.0 | 76.5% |
| Nicaragua | N/A | 41.0 | N/A | N/A | 0% |
| Switzerland | N/A | N/A | 5.3 | N/A | 0% |
| Mexico | 89.9 | 34.9 | N/A | N/A | -61.2% |
| Others | 47.9 | 19.7 | 0.6 | 2.9 | -60.7% |
| Total | 254 | 120 | 106 | 91.5 | -28.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Colombia in 2022:
- Panama (4.4 tons)
- Guatemala (2.0 tons)
- United States (1.5 tons)
- Ecuador (0.8 tons)
- Honduras (0.4 tons)
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