Colombia - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in Colombia - 2022
Contents:
- Brakes and Servo-Brakes Price in Colombia (CIF) - 2022
- Brakes and Servo-Brakes Price in Colombia (FOB) - 2022
- Brakes and Servo-Brakes Imports in Colombia
- Brakes and Servo-Brakes Exports in Colombia
Brakes and Servo-Brakes Price in Colombia (CIF) - 2022
The average brakes and servo-brakes import price stood at $7,232 per ton in February 2022, picking up by 16% against the previous month. In general, import price indicated modest growth from February 2021 to February 2022: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, brakes and servo-brakes import price increased by +33.0% against December 2021 indices. The pace of growth was the most pronounced in April 2021 when the average import price increased by 64% m-o-m. As a result, import price reached the peak level of $8,313 per ton. From May 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 the United States ($41,115 per ton), while the price for China ($4,835 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 the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Brakes and Servo-Brakes Price in Colombia (FOB) - 2022
In February 2022, the average brakes and servo-brakes export price amounted to $8,407 per ton, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in August 2021 an increase of 42% month-to-month. The export price peaked at $10,169 per ton in March 2021; however, from April 2021 to February 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2022, the country with the highest price was El Salvador ($10,577 per ton), while the average price for exports to Peru ($6,358 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Brakes and Servo-Brakes Imports in Colombia
Brakes and servo-brakes imports into Colombia contracted to 7.6K tons in 2022, with a decrease of -12.5% compared with the year before. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 34%.
In value terms, brakes and servo-brakes imports dropped to $45M in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year.
| Import of Brakes and Servo-Brakes in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.3 | 11.5 | 19.3 | 15.7 | -1.2% |
| United States | 9.6 | 4.8 | 6.3 | 5.5 | -16.9% |
| Brazil | 5.5 | 3.7 | 5.6 | 4.6 | -5.8% |
| Japan | 4.4 | 2.8 | 3.8 | 3.1 | -11.0% |
| Romania | 5.0 | 3.4 | 2.1 | 2.8 | -17.6% |
| Italy | 2.6 | 1.8 | 2.6 | 2.2 | -5.4% |
| France | 3.0 | 1.7 | 1.1 | 1.5 | -20.6% |
| South Korea | 1.5 | 1.0 | 1.5 | 1.2 | -7.2% |
| Others | 9.0 | 6.9 | 9.4 | 8.0 | -3.9% |
| Total | 56.9 | 37.4 | 51.8 | 44.6 | -7.8% |
Top Suppliers of Brakes and Servo-Brakes to Colombia in 2022:
- China (4373.2 tons)
- Brazil (1327.5 tons)
- Romania (476.7 tons)
- United States (235.8 tons)
- South Korea (164.9 tons)
- Italy (140.9 tons)
- France (131.2 tons)
- Japan (114.3 tons)
Brakes and Servo-Brakes Exports in Colombia
Brakes and servo-brakes exports from Colombia reduced to 522 tons in 2022, waning by -14.1% compared with 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 39%.
In value terms, brakes and servo-brakes exports declined to $4.2M in 2022. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports reached the peak of $4.8M, and then dropped in the following year.
| Export of Brakes and Servo-Brakes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,068 | 2,187 | 2,257 | 2,011 | -0.9% |
| Ecuador | 2,034 | 1,059 | 1,599 | 1,425 | -11.2% |
| Guatemala | 203 | 213 | 340 | 303 | 14.3% |
| Honduras | 128 | 76.4 | 184 | 164 | 8.6% |
| Peru | 114 | 41.6 | 134 | 119 | 1.4% |
| Costa Rica | 46.2 | 58.2 | 61.5 | 54.8 | 5.9% |
| Others | 125 | 77.2 | 201 | 167 | 10.1% |
| Total | 4,719 | 3,713 | 4,777 | 4,245 | -3.5% |
Top Export Markets for Brakes and Servo-Brakes from Colombia in 2022:
- United States (214.9 tons)
- Ecuador (208.8 tons)
- Guatemala (40.5 tons)
- Peru (19.1 tons)
- Honduras (17.0 tons)
- Costa Rica (8.4 tons)
This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
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
- 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
-
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
-
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
-
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
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