Price for Machines; Parts and Accessories, of Heading No. 8472 in Colombia - 2022

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Colombia (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Colombia (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Colombia
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Colombia

Price for Machines; Parts and Accessories, of Heading No. 8472 in Colombia (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $68,444 per ton, rising by 6.8% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2013 when the average import price increased by 31% against the previous year. The import price peaked at $106,907 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($228,833 per ton), while the price for India ($37,605 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Colombia (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $54,422 per ton, falling by -47.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 201% against the previous year. Over the period under review, the average export prices reached the maximum at $128,334 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($296,750 per ton), while the average price for exports to Spain ($16,917 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 (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Colombia

In 2022, approx. 57 tons of machines; parts and accessories, of heading no. 8472 were imported into Colombia; growing by 12% compared with the year before. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $3.9M in 2022. Overall, imports, however, continue to indicate a abrupt setback.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,245453500712-17.0%
United States1,287717632446-29.8%
Italy4291592804431.1%
Germany545550301436-7.2%
Mexico38769.7353373-1.2%
Philippines35.4474250343113.2%
Japan3151883163230.8%
India361142170149-25.5%
Others1,495386432655-24.0%
Total6,0993,1393,2333,880-14.0%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Colombia in 2022:

  1. China (16.6 tons)
  2. United States (9.7 tons)
  3. Italy (6.9 tons)
  4. Mexico (5.1 tons)
  5. India (4.0 tons)
  6. Japan (3.3 tons)
  7. Philippines (3.1 tons)
  8. Germany (2.8 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Colombia

In 2022, approx. 884 kg of machines; parts and accessories, of heading no. 8472 were exported from Colombia; rising by 165% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn.

In value terms, exports of machines; parts and accessories, of heading no. 8472 skyrocketed to $48K in 2022. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 63%.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/AN/A26.70%
Dominican RepublicN/AN/AN/A9.00%
India0.3N/AN/A1.467.1%
Spain32.20.50.90.6-73.5%
Guatemala19.519.618.5N/A-2.6%
Others3.91.215.310.438.7%
Total55.921.234.748.1-4.9%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Colombia in 2022:

  1. Italy (740.0 kg)
  2. Dominican Republic (49.0 kg)
  3. Spain (36.0 kg)
  4. India (19.0 kg)

Source: IndexBox Market Intelligence Platform

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