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Colombia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Colombia - 2022
Contents:
- Tractor Price in Colombia (CIF) - 2022
- Tractor Price in Colombia (FOB) - 2022
- Tractor Imports in Colombia
- Tractor Exports in Colombia
Tractor Price in Colombia (CIF) - 2022
In February 2022, the average tractor import price amounted to $25,216 per unit, with a decrease of -12.7% against the previous month. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in June 2021 an increase of 11% against the previous month. As a result, import price reached the peak level of $75,293 per unit. From July 2021 to February 2022, the average import prices remained at a lower figure.
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 ($16,181 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 India (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Tractor Price in Colombia (FOB) - 2022
In 2022, the average tractor export price amounted to $25,676 per unit, dropping by -17.9% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $88,357 per unit in 2012; however, from 2013 to 2022, the export prices stood 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 Ecuador ($34,156 per unit), while the average price for exports to Venezuela amounted to $3,059 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+105.1%), while the prices for the other major destinations experienced mixed trend patterns.
Tractor Imports in Colombia
After two years of decline, overseas purchases of tractors increased by 6.5% to 4.4K units in 2022. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports attained the maximum at 6K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, tractor imports expanded notably to $202M in 2022. Over the period under review, imports, however, saw a noticeable contraction. Imports peaked at $235M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Tractor in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 172 | 131 | 110 | 127 | -9.6% |
Brazil | 18.1 | 18.4 | 19.0 | 25.3 | 11.8% |
Japan | 13.4 | 14.6 | 18.4 | 19.2 | 12.7% |
United States | 14.8 | 18.4 | 17.1 | 17.0 | 4.7% |
India | 3.0 | 2.1 | 5.6 | 3.2 | 2.2% |
China | 1.6 | 2.3 | 2.9 | 3.2 | 26.0% |
Others | 11.8 | 17.2 | 11.1 | 6.9 | -16.4% |
Total | 235 | 204 | 184 | 202 | -4.9% |
Top Suppliers of Tractor to Colombia in 2022:
- Mexico (1988.0 units)
- Japan (732.0 units)
- Brazil (654.0 units)
- United States (357.0 units)
- India (290.0 units)
- China (169.0 units)
Tractor Exports in Colombia
In 2022, approx. 49 units of tractors were exported from Colombia; rising by 44% against the year before. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 118%. As a result, the exports attained the peak of 74 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, tractor exports soared to $1.3M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Tractor in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 564 | 361 | 556 | 1,059 | 23.4% |
Venezuela | 2.8 | 242 | 17.8 | 3.1 | 3.5% |
Peru | N/A | 484 | 291 | N/A | -39.9% |
United States | N/A | N/A | 90.7 | N/A | 0% |
Panama | N/A | 102 | N/A | N/A | 0% |
Cuba | 97.3 | N/A | N/A | N/A | 0% |
Others | 94.6 | 294 | 107 | 196 | 27.5% |
Total | 759 | 1,482 | 1,063 | 1,258 | 18.3% |
Top Export Markets for Tractor from Colombia in 2022:
- Ecuador (31.0 units)
- Venezuela (1.0 units)
This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
- 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
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
This report provides an in-depth analysis of the tractor market in Colombia.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Colombia.
This report provides an in-depth analysis of the crawler tractor market in Colombia.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Colombia.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Colombia.
This report provides an in-depth analysis of the global tractor market.
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
This report provides an in-depth analysis of the global crawler tractor market.
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Learn about the forecasted growth of the worldwide crawler tractor market from 2023 to 2030, with projected increases in both volume and value terms.