Colombia: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Colombia

In 2022, after three years of growth, there was decline in the Colombian natural rubber and gum market, when its value decreased by -3.2% to $X. Over the period under review, consumption saw a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Colombia

In value terms, natural rubber and gum production rose to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of natural rubber and gums in Colombia skyrocketed to X kg per ha in 2022, jumping by 63% against 2021. Overall, the yield, however, continues to indicate a abrupt descent. The natural rubber and gum yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Colombia declined dramatically to X ha, dropping by -41.5% on the previous year. In general, the harvested area, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 486%. As a result, the harvested area reached the peak level of X ha, and then contracted dramatically in the following year.

Exports of Natural Rubber And Gums

Exports from Colombia

Natural rubber and gum exports from Colombia surged to X tons in 2022, rising by 17% on the previous year's figure. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 69%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural rubber and gum exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for natural rubber and gum exports from Colombia, accounting for a 62% share of total exports. Moreover, natural rubber and gum exports to Belgium exceeded the volume sent to the second major destination, Panama (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+63.1% per year) and the United States (+16.2% per year).

In value terms, Belgium ($X) remains the key foreign market for natural rubber and gums exports from Colombia, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.9% per year) and Panama (+20.7% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, shrinking by -3.1% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 6.2% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 United States (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Colombia

After two years of growth, overseas purchases of natural rubber and gums decreased by -6.9% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 30%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports shrank markedly to $X in 2022. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Guatemala (X tons) was the main natural rubber and gum supplier to Colombia, accounting for a 97% share of total imports. It was followed by Thailand (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Guatemala was relatively modest.

In value terms, Guatemala ($X) constituted the largest supplier of natural rubber and gums to Colombia, comprising 96% of total imports. The second position in the ranking was held by Thailand ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Guatemala amounted to -5.8%.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, shrinking by -11.5% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Guatemala totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :