Colombia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Colombia

The Colombian vulcanised rubber mats market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption showed resilient growth. Vulcanised rubber mats consumption peaked in 2021 and is expected to retain growth in the immediate term.

Vulcanised Rubber Mats Exports

Exports from Colombia

In 2021, exports of floor coverings and mats of vulcanised rubber from Colombia skyrocketed to X tons, with an increase of 713% on the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 722%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Overall, exports showed a remarkable increase. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Colombia, with a 71% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. The third position in this ranking was taken by the Dominican Republic (X kg), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +65.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+60.0% per year) and the Dominican Republic (+24.3% per year).

In value terms, Guatemala ($X), the United States ($X) and the Dominican Republic ($X) appeared to be the largest markets for vulcanised rubber mats exported from Colombia worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +67.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, increasing by 34% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States ($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 Peru (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Colombia

In 2021, purchases abroad of floor coverings and mats of vulcanised rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 168%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 280% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Hungary (X tons) and India (X tons) were the main suppliers of vulcanised rubber mats imports to Colombia, with a combined 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +256.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats suppliers to Colombia were Germany ($X), Hungary ($X) and China ($X), together comprising 38% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +187.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 an increase of 42%. 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 Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :