Colombia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Colombia

The Colombian prepared rubber accelerators market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports from Colombia

In 2021, shipments abroad of prepared rubber accelerators increased by 1% to X tons, rising for the third consecutive year after three years of decline. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,013%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 870% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) was the main destination for prepared rubber accelerators exports from Colombia, accounting for a 90% share of total exports. Moreover, prepared rubber accelerators exports to the Dominican Republic exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+52.3% per year) and Peru (+36.7% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for prepared rubber accelerators exports from Colombia, comprising 79% of total exports. The second position in the ranking was held by Chile ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Dominican Republic amounted to +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+35.8% per year) and Peru (+40.7% per year).

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Chile ($X per ton), while the average price for exports to the Dominican Republic ($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 (+2.7%), while the prices for the other major destinations experienced a decline.

Prepared Rubber Accelerators Imports

Imports into Colombia

In 2021, supplies from abroad of prepared rubber accelerators increased by 46% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 401%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared rubber accelerators imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 395% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of prepared rubber accelerators imports to Colombia, with a combined 57% share of total imports. These countries were followed by the United States, Italy, Mexico, Brazil, Malaysia and Germany, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and the United States ($X) were the largest prepared rubber accelerators suppliers to Colombia, together comprising 54% of total imports. These countries were followed by Hong Kong SAR, Italy, Germany, Brazil, Mexico and Malaysia, which together accounted for a further 27%.

Mexico, with a CAGR of +65.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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