Report Update: Jun 1, 2024

Colombia - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights

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Price for Gearboxes and Speed Changers in Colombia - 2022

Price for Gearboxes and Speed Changers in Colombia (CIF) - 2022

The average gearboxes and speed changers import price stood at $14,729 per ton in February 2022, falling by -8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2021 when the average import price increased by 42% against the previous month. As a result, import price attained the peak level of $18,726 per ton. From June 2021 to February 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($48,566 per ton), while the price for Malaysia ($7,331 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gearboxes and Speed Changers in Colombia (FOB) - 2022

The average gearboxes and speed changers export price stood at $19,757 per ton in 2022, surging by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $23,603 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($32,706 per ton), while the average price for exports to Peru ($4,388 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 the Dominican Republic (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers in Colombia

Gearboxes and speed changers imports into Colombia declined to 2K tons in 2022, dropping by -7.7% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of 2.2K tons, and then contracted in the following year.

In value terms, gearboxes and speed changers imports dropped to $31M in 2022. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 22%.

Import of Gearboxes and Speed Changers in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	11.4	6.3	7.8	9.1	-7.2%
Brazil	5.0	4.8	6.4	8.0	17.0%
China	4.1	4.5	5.1	5.4	9.6%
Germany	7.4	3.0	4.6	1.8	-37.6%
Italy	2.7	2.4	2.5	1.5	-17.8%
Japan	3.3	1.3	1.6	0.4	-50.5%
Others	6.0	5.3	5.9	4.6	-8.5%
Total	39.9	27.7	33.8	30.8	-8.3%

Top Suppliers of Gearboxes and Speed Changers to Colombia in 2022:

China (662.4 tons)
Brazil (593.8 tons)
United States (367.1 tons)
Italy (117.1 tons)
Germany (64.3 tons)
Japan (11.2 tons)

Exports of Gearboxes and Speed Changers in Colombia

In 2022, after three years of growth, there was significant decline in shipments abroad of gearboxes and speed changers, when their volume decreased by -15.7% to 48 tons. In general, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 57 tons, and then fell markedly in the following year.

In value terms, gearboxes and speed changers exports reduced to $953K in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $1.1M, and then contracted in the following year.

Export of Gearboxes and Speed Changers in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	42.8	50.1	132	147	50.9%
Ecuador	54.1	74.8	81.4	89.3	18.2%
United States	251	352	375	85.3	-30.2%
Israel	N/A	N/A	N/A	66.0	0%
Panama	14.8	18.3	13.8	59.5	59.0%
Romania	27.5	29.5	37.2	44.4	17.3%
Honduras	63.2	16.4	16.0	38.8	-15.0%
Mexico	53.2	57.3	106	36.0	-12.2%
France	2.2	13.9	18.8	20.6	110.8%
Italy	0.6	1.4	3.6	20.3	223.4%
Peru	5.1	9.7	9.8	10.8	28.4%
Germany	9.0	5.8	9.4	10.3	4.6%
Australia	15.5	1.2	8.5	10.0	-13.6%
Others	234	216	248	315	10.4%
Total	773	846	1,060	953	7.2%

Top Export Markets for Gearboxes and Speed Changers from Colombia in 2022:

Mexico (4.7 tons)
Dominican Republic (4.5 tons)
Panama (3.9 tons)
Romania (3.8 tons)
Honduras (3.5 tons)
United States (3.4 tons)
Ecuador (3.4 tons)
Israel (2.6 tons)
Peru (2.5 tons)
Italy (2.0 tons)
Germany (1.7 tons)
Australia (1.5 tons)
France (1.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for gearboxes and speed changers 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 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
Prodcom 28152434 - Gear boxes ..., worm gear boxes
Prodcom 28152440 - Other gear boxes
Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
Prodcom 28152473 - Ball or roller screws
Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023