Report Update Nov 1, 2024

Colombia - Reclaimed Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Colombia

In 2021, after two years of growth, there was decline in the Colombian reclaimed rubber market, when its value decreased by -3.7% to $X. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then reduced modestly in the following year.

Reclaimed Rubber Production in Colombia

In value terms, reclaimed rubber production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34% against the previous year. Reclaimed rubber production peaked at $X in 2020, and then declined in the following year.

Reclaimed Rubber Exports

Exports from Colombia

In 2021, shipments abroad of reclaimed rubber decreased by -92.5% to X tons, falling for the fifth year in a row after five years of growth. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2016 when exports increased by 1,250%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, reclaimed rubber exports dropped sharply to $X in 2021. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 96%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for reclaimed rubber exports from Colombia, with a 96% share of total exports. Moreover, reclaimed rubber exports to Turkey exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at -66.5%.

In value terms, Turkey ($X) remains the key foreign market for reclaimed rubber exports from Colombia, comprising 90% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to -50.7%.

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, jumping by 56% against the previous year. Overall, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the 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 Costa Rica ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Colombia

In 2021, approx. X tons of reclaimed rubber were imported into Colombia; rising by 33% compared with the previous year. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 2,619%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, reclaimed rubber imports surged to $X in 2021. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 1,353%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest reclaimed rubber supplier to Colombia, accounting for a 71% share of total imports. Moreover, reclaimed rubber imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +23.8%.

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to Colombia, comprising 65% of total imports. The second position in the ranking was taken by India ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +18.9%.

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, picking up by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2015 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for reclaimed rubber in the world?

China remains the largest reclaimed rubber consuming country worldwide, accounting for 21% of total volume. Moreover, reclaimed rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.5% share.

What are the largest producers of reclaimed rubber in the world?

The countries with the highest volumes of reclaimed rubber production in 2020 were China, India and the U.S., together accounting for 38% of global production. These countries were followed by Canada, Japan, the UK, Russia, Thailand, Brazil, Indonesia, France, Turkey and Malaysia, which together accounted for a further 33%.

What are the leading suppliers of reclaimed rubber to Colombia?

In value terms, the largest reclaimed rubber suppliers to Colombia were Spain, China and Portugal, together comprising 92% of total imports.

What are the leading importers of reclaimed rubber from Colombia?

In value terms, Turkey remains the key foreign market for reclaimed rubber exports from Colombia.

What is the average export price for reclaimed rubber in Colombia?

The average reclaimed rubber export price stood at $301 per ton in 2020, picking up by 17% against the previous year.

What is the average import price for reclaimed rubber in Colombia?

In 2020, the average reclaimed rubber import price amounted to $346 per ton, declining by -35.6% against the previous year.

This report provides an in-depth analysis of the reclaimed rubber market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22191000 - Reclaimed rubber in primary forms or in plates, sheets or strips

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023