Report Update: May 1, 2024

Colombia - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Machinery for Packing Price in Colombia - 2022

Machinery for Packing Price in Colombia (CIF) - 2022

The average machinery for packing import price stood at $782 per unit in 2022, with an increase of 11% against the previous year. In general, the import price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 18%. Over the period under review, average import prices attained the maximum at $946 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($1,858 per unit), while the price for China ($235 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Machinery for Packing Price in Colombia (FOB) - 2022

In 2022, the average machinery for packing export price amounted to $951 per unit, declining by -16.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. The export price peaked at $1,136 per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($3,020 per unit), while the average price for exports to Ecuador ($361 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 Peru (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery for Packing Imports in Colombia

In 2022, overseas purchases of machinery for packing or wrapping were finally on the rise to reach 55K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt shrinkage. Imports peaked at 85K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports skyrocketed to $43M in 2022. Over the period under review, imports, however, faced a abrupt contraction. Imports peaked at $69M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Machinery for Packing in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	13.9	17.2	7.3	9.5	-11.9%
Italy	17.2	10.1	5.2	7.1	-25.5%
China	9.6	7.5	4.4	5.7	-16.0%
United States	7.7	0.9	4.0	5.1	-12.8%
Brazil	6.2	6.1	2.9	3.7	-15.8%
Spain	1.4	1.9	2.3	2.9	27.5%
Taiwan (Chinese)	1.5	0.8	0.5	0.7	-22.4%
Others	11.7	7.9	6.5	8.0	-11.9%
Total	69.2	52.3	33.1	42.7	-14.9%

Top Suppliers of Machinery for Packing to Colombia in 2022:

China (24.3K units)
Italy (8.4K units)
Germany (5.6K units)
Brazil (4.1K units)
United States (2.8K units)
Taiwan (Chinese) (2.4K units)
Spain (2.2K units)

Machinery for Packing Exports in Colombia

In 2022, overseas shipments of machinery for packing or wrapping were finally on the rise to reach 1.8K units after two years of decline. Over the period under review, exports, however, recorded a deep slump. The exports peaked at 3.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery for packing exports skyrocketed to $1.7M in 2022. In general, exports, however, continue to indicate a deep downturn. Over the period under review, the exports reached the maximum at $3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Machinery for Packing in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	1,691	1,045	135	931	-18.0%
Venezuela	212	553	2.7	233	3.2%
Costa Rica	0.4	219	194	194	685.7%
Panama	33.0	23.3	190	190	79.2%
Ecuador	263	38.0	122	142	-18.6%
Argentina	294	N/A	N/A	N/A	0%
Honduras	343	N/A	479	N/A	18.2%
Others	184	167	215	N/A	8.1%
Total	3,020	2,045	1,338	1,692	-17.6%

Top Export Markets for Machinery for Packing from Colombia in 2022:

Mexico (1071.0 units)
Ecuador (394.0 units)
Panama (151.0 units)
Costa Rica (86.0 units)
Venezuela (77.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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