Colombia - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPower Tool Price in Colombia - 2022
Contents:
- Power Tool Price in Colombia (CIF) - 2022
- Power Tool Price in Colombia (FOB) - 2022
- Power Tool Imports in Colombia
- Power Tool Exports in Colombia
Power Tool Price in Colombia (CIF) - 2022
In February 2022, the average power tool import price amounted to $34.7 per unit, surging by 45% against the previous month. Over the period under review, import price indicated a pronounced increase from February 2021 to February 2022: its price increased at an average monthly rate of +4.3% 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, power tool import price increased by +59.5% against December 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Germany ($88.7 per unit), while the price for China ($28.0 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Power Tool Price in Colombia (FOB) - 2022
The average power tool export price stood at $52 per unit in 2022, reducing by -17.3% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The export price peaked at $108 per unit in 2013; however, from 2014 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 Mexico ($83 per unit), while the average price for exports to the United States ($40 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 Panama (+4.1%), while the prices for the other major destinations experienced a decline.
Power Tool Imports in Colombia
In 2022, approx. 1.5M units of power tools were imported into Colombia; falling by -10.2% on the previous year's figure. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 1.6M units, and then dropped in the following year.
In value terms, power tool imports declined to $49M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +42.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports reached the peak of $56M, and then declined in the following year.
Import of Power Tool in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 23.3 | 33.2 | 43.5 | 38.6 | 18.3% |
Brazil | 1.8 | 1.7 | 2.8 | 2.5 | 11.6% |
Mexico | 1.0 | 1.2 | 1.2 | 1.2 | 6.3% |
Others | 8.1 | 5.2 | 8.6 | 6.4 | -7.6% |
Total | 34.3 | 41.3 | 56.1 | 48.7 | 12.4% |
Top Suppliers of Power Tool to Colombia in 2022:
- China (1956.4K units)
- Brazil (51.4K units)
- Mexico (29.6K units)
Power Tool Exports in Colombia
In 2022, overseas shipments of power tools increased by 34% to 7.9K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports reached the maximum at 8.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, power tool exports rose notably to $407K in 2022. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at $550K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Power Tool in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 15.7 | 81.2 | 124 | 110 | 91.4% |
Costa Rica | 102 | 102 | 68.2 | 91.4 | -3.6% |
United States | 171 | 81.0 | 5.5 | 75.4 | -23.9% |
Panama | 70.6 | 35.7 | 68.9 | 68.3 | -1.1% |
Mexico | 73.7 | 37.0 | 15.5 | 37.2 | -20.4% |
Ecuador | 5.3 | 2.5 | 15.5 | 12.7 | 33.8% |
Chile | 20.4 | 31.8 | 0.5 | 2.1 | -53.1% |
Venezuela | 7.1 | N/A | 5.0 | N/A | -16.1% |
Argentina | 48.6 | 52.0 | N/A | N/A | 7.0% |
Others | 35.1 | 24.1 | 63.8 | 10.2 | -33.8% |
Total | 550 | 447 | 367 | 407 | -9.5% |
Top Export Markets for Power Tool from Colombia in 2022:
- United States (1891.0 units)
- Costa Rica (1543.0 units)
- Guatemala (1379.0 units)
- Panama (833.0 units)
- Mexico (449.0 units)
- Ecuador (263.0 units)
- Chile (52.0 units)
This report provides an in-depth analysis of the power tool 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 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241120 - Electromechanical hand tools operated without an external source of power (excluding drills, saws )
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241185 - Electromechanical hand tools, with self-contained electric motor operating with an external source of power (excluding saws, drills, grinders, sanders, planers, hedge trimmers and lawn edge cutters)
- Prodcom 28241190 -
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 power tool market in Colombia.
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor 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 non-electric motor handtools market in Colombia.
This report provides an in-depth analysis of the electropneumatic drill market in Colombia.
This report provides an in-depth analysis of the electromechanical hedge trimmer market in Colombia.
This report provides an in-depth analysis of the electromechanical handsaw market in Colombia.
This report provides an in-depth analysis of the electromechanical hand tools market in Colombia.
This report provides an in-depth analysis of the battery hand drill market in Colombia.
This report provides an in-depth analysis of the electromechanical hand drill market in Colombia.
Discover the top import markets for power tools based on their import value in 2022. Get valuable insights on the global demand for power tools and potential opportunities for manufacturers and exporters.
In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
Global electro-mechanical tool market production (drills of all kinds, saws or other) was estimated
In 2015, the value of total imports on the global electro-mechanical tool market stood at X million USD. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical terms, the total volume of electro-mechanical too
From 2007 to 2015, global consumption on the electro-mechanical tool market grew annually by +X%. The highest annual rates of growth with regard to electro-mechanical tools (drills of all kinds, saws or other) consumption from 2007 to 2015, were reco
From 2007 to 2015, global exports of electro-mechanical tools (drills of all kinds, saws or other) increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports reached X million units in 2015, and remained stable a
China dominates in the global electro-mechanical tool trade. In 2014, China exported X thousand tons of electro-mechanical tools totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X
Explore the top import markets for electromechanical tools for working in the hand, with self-contained electric motors. Discover key statistics and numbers from leading countries.
Discover the top import markets for pneumatic or hydraulic hand tools and the key statistics behind their import values. Learn about the countries with high demand for these tools.