Report Update: May 1, 2024

Colombia - Machine Tools For Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Price for Machine-Tool for Working Metal in Colombia - 2022

Price for Machine-Tool for Working Metal in Colombia (CIF) - 2022

The average machine-tool for working metal import price stood at $1,594 per unit in 2022, which is down by -13.1% against the previous year. Overall, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52%. The import price peaked at $7,473 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($17,170 per unit), while the price for China ($1,197 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 (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machine-Tool for Working Metal in Colombia (FOB) - 2022

The average machine-tool for working metal export price stood at $13,393 per unit in 2022, with an increase of 81% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $14,153 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($105,334 per unit), while the average price for exports to the Dominican Republic ($745 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tool for Working Metal in Colombia

In 2022, the amount of machine tools for working metal imported into Colombia surged to 19K units, increasing by 69% against the previous year's figure. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 188% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, machine-tool for working metal imports surged to $30M in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 112%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Machine-Tool for Working Metal in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.1	2.3	8.6	21.3	51.7%
Spain	0.4	0.5	1.2	1.6	58.7%
Others	14.8	6.8	10.7	7.3	-21.0%
Total	21.3	9.7	20.5	30.2	12.3%

Top Suppliers of Machine-Tool for Working Metal to Colombia in 2022:

China (17.8K units)
Spain (0.5K units)

Exports of Machine-Tool for Working Metal in Colombia

In 2022, shipments abroad of machine tools for working metal decreased by -46.2% to 93 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 168%. The exports peaked at 173 units in 2021, and then dropped notably in the following year.

In value terms, machine-tool for working metal exports declined modestly to $1.2M in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 161% against the previous year. The exports peaked at $1.3M in 2021, and then reduced modestly in the following year.

Export of Machine-Tool for Working Metal in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	11.0	N/A	N/A	354	218.1%
Ecuador	121	14.9	17.5	327	39.3%
Brazil	N/A	N/A	223	211	-5.4%
Costa Rica	11.9	7.9	10.6	182	148.2%
Argentina	N/A	N/A	262	54.4	-79.2%
El Salvador	N/A	2.3	N/A	16.2	165.4%
Guatemala	17.9	129	185	10.7	-15.8%
Panama	10.4	40.3	4.6	8.3	-7.2%
Dominican Republic	N/A	N/A	N/A	4.5	0%
Bahamas	N/A	160	0.6	N/A	-99.6%
Canada	N/A	N/A	118	N/A	0%
Others	76.0	291	455	78.2	1.0%
Total	248	646	1,277	1,246	71.3%

Top Export Markets for Machine-Tool for Working Metal from Colombia in 2022:

Costa Rica (25.0 units)
Ecuador (23.0 units)
Peru (13.0 units)
El Salvador (8.0 units)
Panama (6.0 units)
Dominican Republic (6.0 units)
Brazil (2.0 units)
Argentina (2.0 units)
Guatemala (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine-tool for working metal 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 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

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