Report Update: Apr 1, 2024

Colombia - Castors With Mountings Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Castor Mounting Price in Colombia - 2022

Metal Castor Mounting Price in Colombia (CIF) - 2022

The average metal castor mounting import price stood at $2,552 per ton in 2022, shrinking by -4.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $3,057 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,084 per ton), while the price for China amounted to $2,133 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%).

Metal Castor Mounting Price in Colombia (FOB) - 2022

The average metal castor mounting export price stood at $8,525 per ton in 2022, rising by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,324 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($71,771 per ton), while the average price for exports to Ecuador ($3,935 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 United States (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports in Colombia

In 2022, the amount of castors with mountings of base metal imported into Colombia plummeted to 2.6K tons, reducing by -18.1% compared with the previous year's figure. Overall, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 +28.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. As a result, imports attained the peak of 3.1K tons, and then shrank significantly in the following year.

In value terms, metal castor mounting imports contracted significantly to $6.5M in 2022. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.6% 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 +39.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $8.4M, and then contracted sharply in the following year.

Import of Metal Castor Mounting in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.3	3.5	6.5	5.0	5.2%
Taiwan (Chinese)	0.4	0.2	0.3	0.2	-20.6%
Others	1.6	1.0	1.6	1.3	-6.7%
Total	6.2	4.7	8.4	6.5	1.6%

Top Suppliers of Metal Castor Mounting to Colombia in 2022:

China (2366.7 tons)
Taiwan (Chinese) (66.4 tons)

Metal Castor Mounting Exports in Colombia

In 2022, the amount of castors with mountings of base metal exported from Colombia dropped dramatically to 52 tons, reducing by -24% compared with the previous year's figure. In general, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 80% against the previous year. As a result, the exports attained the peak of 69 tons, and then declined significantly in the following year.

In value terms, metal castor mounting exports fell dramatically to $445K in 2022. Over the period under review, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $539K, and then shrank markedly in the following year.

Export of Metal Castor Mounting in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	222	250	329	273	7.1%
El Salvador	56.7	44.2	68.4	56.8	0.1%
Ecuador	45.2	36.4	48.2	39.9	-4.1%
Guatemala	8.8	1.5	34.2	28.4	47.8%
Panama	70.4	2.7	5.3	21.4	-32.8%
Honduras	16.3	3.1	20.5	17.0	1.4%
Others	9.5	14.2	33.1	8.8	-2.5%
Total	429	352	539	445	1.2%

Top Export Markets for Metal Castor Mounting from Colombia in 2022:

Costa Rica (22.8 tons)
Ecuador (10.2 tons)
El Salvador (9.5 tons)
Guatemala (4.9 tons)
Honduras (2.9 tons)
Panama (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal castor mounting 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 25721420 - Castors with mountings of base metal

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