Colombia: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Colombia

The Colombian extruded solid rubber rod market expanded slightly to $X in 2022, growing by 2.1% against the previous year. Over the period under review, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Colombia

In value terms, extruded solid rubber rod production stood at $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Colombia

Extruded solid rubber rod exports from Colombia reduced notably to X tons in 2022, falling by -19.3% compared with 2021 figures. Overall, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by 81%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports reduced sharply to $X in 2022. In general, exports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 68% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons), Ecuador (X tons) and the Dominican Republic (X tons) were the main destinations of extruded solid rubber rod exports from Colombia, together accounting for 64% of total exports. Mexico, Peru, the United States and Panama lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +167.1%), while the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Ecuador ($X) and the United States ($X) were the largest markets for extruded solid rubber rod exported from Colombia worldwide, with a combined 62% share of total exports. Peru, Mexico, the Dominican Republic and Panama lagged somewhat behind, together comprising a further 34%.

Panama, with a CAGR of +176.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, growing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 an increase of 17%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to the Dominican Republic ($X 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 Dominican Republic (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Colombia

In 2022, extruded solid rubber rod imports into Colombia skyrocketed to X tons, with an increase of 138% compared with the year before. Over the period under review, imports, however, recorded a noticeable reduction. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod imports soared to $X in 2022. Overall, imports posted perceptible growth. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of extruded solid rubber rod to Colombia, accounting for a 42% share of total imports. Moreover, extruded solid rubber rod imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Italy (+22.2% per year).

In value terms, the United States ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Colombia, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+33.6% per year) and Germany (+0.5% per year).

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, jumping by 37% against the previous year. Overall, the import price recorded a resilient increase. The growth pace was the most rapid in 2016 an increase of 282%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Peru ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+44.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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