Price for Reciprocating or Rotary Internal Combustion Piston Engines in Colombia - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $946 per unit, dropping by -2.2% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for reciprocating or rotary internal combustion piston engineses increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. As a result, import price reached the peak level of $1,151 per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 Spain ($4,066 per unit), while the price for China ($451 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $8,529 per unit in 2022, with a decrease of -2.4% against the previous year. In general, the export price, however, recorded a notable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 92%. As a result, the export price attained the peak level of $24,388 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
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 Peru ($28,337 per unit), while the average price for exports to Germany ($691 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 (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia
Imports of reciprocating or rotary internal combustion piston engineses into Colombia dropped to 225K units in 2022, approximately equating 2021 figures. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of reached the peak figure at 285K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of reciprocating or rotary internal combustion piston engineses contracted to $213M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +72.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of $217M, and then fell slightly in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.9 | 25.8 | 61.9 | 59.8 | 28.9% |
| Brazil | 31.6 | 27.8 | 37.2 | 47.4 | 14.5% |
| Japan | 21.1 | 16.5 | 26.0 | 21.0 | -0.2% |
| Spain | 0.4 | 0.4 | 24.9 | 18.5 | 259.0% |
| India | 4.8 | 4.1 | 13.3 | 17.8 | 54.8% |
| Indonesia | 8.2 | 7.2 | 17.4 | 14.2 | 20.1% |
| Taiwan (Chinese) | 9.0 | 8.1 | 4.4 | 6.6 | -9.8% |
| Romania | 16.6 | 5.2 | 10.2 | 5.9 | -29.2% |
| Others | 52.3 | 28.5 | 21.8 | 21.9 | -25.2% |
| Total | 172 | 124 | 217 | 213 | 7.4% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Colombia in 2022:
- China (132.5K units)
- India (27.0K units)
- Indonesia (21.7K units)
- Brazil (19.5K units)
- Japan (6.3K units)
- Taiwan (Chinese) (5.0K units)
- Spain (4.5K units)
- Romania (2.9K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia
In 2022, exports of reciprocating or rotary internal combustion piston engineses from Colombia soared to 621 units, with an increase of 39% compared with 2021 figures. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 389%. As a result, the exports attained the peak of 699 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses soared to $5.4M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 307%. As a result, the exports attained the peak of $9.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 7.3 | 3.3 | 4.4 | 34.7% |
| Panama | N/A | N/A | N/A | 0.5 | 0% |
| Austria | N/A | 0.4 | 0.4 | 0.2 | -29.3% |
| Peru | 0.1 | 1.1 | 0.3 | 0.1 | 0.0% |
| Others | 0.4 | 0.3 | 0.1 | 0.2 | -20.6% |
| Total | 2.3 | 9.2 | 4.0 | 5.4 | 32.9% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Colombia in 2022:
- United States (441.0 units)
- Panama (133.0 units)
- Austria (17.0 units)
- Peru (5.0 units)
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