In Colombia, there has been recent growth within the oil and gas, chemical and petrochemical, electric power generation, mining and mineral sectors. This has lead to an increased demand for pumps, valves and compressors. In 2009, the total market was estimated at 449 million US dollar, of which 67 percent are imports. The US has a significant share of this market with an annual average of 46 percent from 2007-2009.
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