Colombia: Vulcanised Rubber Erases Market 2025

Vulcanised Rubber Erases Market Size in Colombia

In 2021, the Colombian vulcanised rubber erases market decreased by -19.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, enjoyed a mild increase. Vulcanised rubber erases consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Colombia

For the third consecutive year, Colombia recorded growth in shipments abroad of erasers of vulcanised rubber, which increased by 54% to X kg in 2021. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 963%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 1,420% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X kg), Jamaica (X kg) and Bolivia (X kg) were the main destinations of vulcanised rubber erases exports from Colombia, together accounting for 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) remains the key foreign market for erasers of vulcanised rubber exports from Colombia, comprising 50% of total exports. The second position in the ranking was held by Panama ($X), with a 24% share of total exports. It was followed by Jamaica, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Dominican Republic totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+13.1% per year) and Jamaica (+0.7% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, with a decrease of -3.1% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price decreased by -18.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Colombia

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -26.8% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2013 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports shrank notably to $X in 2021. Overall, imports, however, posted a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of 77% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of vulcanised rubber erases to Colombia, accounting for a 93% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.2%.

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Colombia, comprising 85% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.6%.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, picking up by 12% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price decreased by -7.4% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%).

Source: IndexBox Platform

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