Colombia - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Colombia - 2022
Contents:
- Price for Agricultural and Forestry Tractor in Colombia (CIF) - 2022
- Price for Agricultural and Forestry Tractor in Colombia (FOB) - 2022
- Imports of Agricultural and Forestry Tractor in Colombia
- Exports of Agricultural and Forestry Tractor in Colombia
Price for Agricultural and Forestry Tractor in Colombia (CIF) - 2022
The average agricultural and forestry tractor import price stood at $24,712 per unit in February 2022, dropping by -14.5% against the previous month. In general, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 19% against the previous month. Over the period under review, average import prices hit record highs at $34,106 per unit in June 2021; afterwards, it flattened through to February 2022.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($48,718 per unit), while the price for Japan ($16,254 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 Brazil (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Agricultural and Forestry Tractor in Colombia (FOB) - 2022
The average agricultural and forestry tractor export price stood at $28,852 per unit in 2022, rising by 11% against the previous year. In general, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2016 an increase of 83% against the previous year. The export price peaked at $46,699 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +5.4% per year.
Imports of Agricultural and Forestry Tractor in Colombia
In 2022, approx. 1.9K units of agricultural and forestry tractors were imported into Colombia; which is down by -17.7% compared with the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73%. As a result, imports attained the peak of 2.3K units, and then declined notably in the following year.
In value terms, agricultural and forestry tractor imports contracted to $52M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $58M, and then shrank in the following year.
| Import of Agricultural and Forestry Tractor in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.2 | 6.6 | 12.5 | 17.2 | 15.4% |
| Japan | 8.4 | 6.4 | 13.6 | 13.0 | 15.7% |
| Mexico | 7.2 | 7.2 | 11.3 | 7.8 | 2.7% |
| China | 1.4 | 2.2 | 2.9 | 3.2 | 31.7% |
| India | 2.8 | 1.8 | 5.4 | 2.8 | 0.0% |
| United States | 4.5 | 1.5 | 4.4 | 2.2 | -21.2% |
| Italy | 0.7 | 0.7 | 1.0 | 1.0 | 12.6% |
| Turkey | 0.8 | 0.2 | 1.0 | 0.8 | 0.0% |
| Others | 2.4 | 3.7 | 6.5 | 4.2 | 20.5% |
| Total | 39.2 | 30.2 | 58.5 | 52.1 | 9.9% |
Top Suppliers of Agricultural and Forestry Tractor to Colombia in 2022:
- Japan (479.0 units)
- Brazil (429.0 units)
- India (262.0 units)
- Mexico (238.0 units)
- China (159.0 units)
- United States (59.0 units)
- Turkey (40.0 units)
- Italy (40.0 units)
Exports of Agricultural and Forestry Tractor in Colombia
In 2022, the amount of agricultural and forestry tractors exported from Colombia expanded markedly to 26 units, growing by 8.3% on the previous year. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 217% against the previous year. As a result, the exports reached the peak of 38 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, agricultural and forestry tractor exports surged to $750K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 200% against the previous year. As a result, the exports reached the peak of $907K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Agricultural and Forestry Tractor in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 303 | 83.4 | 248 | 750 | 35.3% |
| Venezuela | N/A | 237 | N/A | N/A | 0% |
| Peru | N/A | 484 | 284 | N/A | -41.3% |
| United States | N/A | N/A | 90.7 | N/A | 0% |
| Panama | N/A | 102 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 303 | 907 | 622 | 750 | 35.3% |
Top Export Markets for Agricultural and Forestry Tractor from Colombia in 2022:
- Ecuador (26.0 units)
This report provides an in-depth analysis of the market for agricultural and forestry tractor 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 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
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
-
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
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