Colombia - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Colombia - 2022
Contents:
- Interchangeable Spanner Socket Price in Colombia (CIF) - 2022
- Interchangeable Spanner Socket Price in Colombia (FOB) - 2022
- Interchangeable Spanner Socket Imports in Colombia
- Interchangeable Spanner Socket Exports in Colombia
Interchangeable Spanner Socket Price in Colombia (CIF) - 2022
The average interchangeable spanner socket import price stood at $4,056 per ton in February 2022, which is down by -33.6% against the previous month. Overall, import price indicated a modest expansion from February 2021 to February 2022: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, interchangeable spanner socket import price decreased by -33.6% against January 2022 indices. The growth pace was the most rapid in April 2021 when the average import price increased by 36% month-to-month. The import price peaked at $6,108 per ton in January 2022, and then contracted markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($34,403 per ton), while the price for China ($2,388 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.8%), while the prices for the other major suppliers experienced a decline.
Interchangeable Spanner Socket Price in Colombia (FOB) - 2022
In 2022, the average interchangeable spanner socket export price amounted to $6,297 per ton, with an increase of 7.8% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 36%. As a result, the export price reached the peak level of $12,190 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($9,423 per ton), while the average price for exports to Brazil ($2,734 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 Costa Rica (+2.8%), while the prices for the other major destinations experienced a decline.
Interchangeable Spanner Socket Imports in Colombia
Interchangeable spanner socket imports into Colombia contracted notably to 619 tons in 2022, which is down by -17.4% compared with the previous year's figure. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year.
In value terms, interchangeable spanner socket imports shrank significantly to $3.4M in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of $4.1M, and then shrank sharply in the following year.
Import of Interchangeable Spanner Socket in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.5 | 1.5 | 2.4 | 2.3 | -2.7% |
Taiwan (Chinese) | 0.5 | 0.5 | 0.9 | 0.6 | 6.3% |
United States | 0.7 | 0.4 | 0.4 | 0.2 | -34.1% |
Others | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
Total | 4.1 | 2.7 | 4.1 | 3.4 | -6.0% |
Top Suppliers of Interchangeable Spanner Socket to Colombia in 2022:
- China (501.2 tons)
- Taiwan (Chinese) (90.1 tons)
- United States (13.5 tons)
Interchangeable Spanner Socket Exports in Colombia
In 2022, the amount of interchangeable spanner sockets exported from Colombia shrank to 5.3 tons, remaining stable against the previous year's figure. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 28%.
In value terms, interchangeable spanner socket exports expanded significantly to $33K in 2022. Overall, exports recorded a significant contraction.
Export of Interchangeable Spanner Socket in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | 2.3 | 7.0 | 8.4 | 7.8 | 50.2% |
Costa Rica | 13.5 | 8.0 | 9.1 | 7.1 | -19.3% |
Peru | 40.8 | 4.1 | 0.8 | 5.7 | -48.1% |
United States | 9.1 | 1.9 | 1.9 | 2.0 | -39.7% |
Brazil | 10.8 | 0.8 | 2.2 | 1.9 | -44.0% |
Venezuela | 3.9 | 1.6 | 1.5 | 1.2 | -32.5% |
Guatemala | 7.3 | 1.6 | 0.2 | 1.0 | -48.5% |
Dominican Republic | 3.7 | 1.4 | 1.2 | 0.8 | -40.0% |
Mexico | 3.1 | 1.0 | 0.5 | 0.7 | -39.1% |
Others | 15.1 | 7.8 | 5.4 | 5.1 | -30.4% |
Total | 110 | 35.3 | 31.2 | 33.2 | -32.9% |
Top Export Markets for Interchangeable Spanner Socket from Colombia in 2022:
- Peru (1167.0 kg)
- Panama (997.0 kg)
- Costa Rica (749.0 kg)
- Brazil (704.0 kg)
- United States (341.0 kg)
- Guatemala (274.0 kg)
- Mexico (226.0 kg)
- Venezuela (220.0 kg)
- Dominican Republic (199.0 kg)
This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the interchangeable spanner socket market in Colombia.
This report provides an in-depth analysis of the hand tools market in Colombia.
This report provides an in-depth analysis of the manifold business form market in Colombia.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in Colombia.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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