Colombia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Colombia

The Colombian metal-reinforced rubber hose market reduced to $X in 2022, which is down by -7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a mild descent. Metal-reinforced rubber hose consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Colombia

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Colombia; picking up by 234% on the previous year's figure. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,485%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 657%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Honduras (X tons), Venezuela (X tons) and Panama (X kg) were the main destinations of metal-reinforced rubber hose exports from Colombia, together accounting for 47% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +104.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Colombia were Venezuela ($X), Panama ($X) and the United States ($X), together comprising 62% of total exports. The Dominican Republic, Mexico, Argentina, Costa Rica, Honduras and the United Arab Emirates lagged somewhat behind, together comprising a further 34%.

Mexico, with a CAGR of +84.0%, 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

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, surging by 21% against the previous year. In general, the export price, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Honduras ($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 (-0.8%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Colombia

In 2022, approx. X tons of rubber hose reinforced with metal were imported into Colombia; waning by -6% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 69%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports fell to $X in 2022. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 73%. Over the period under review, imports hit record highs 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 metal-reinforced rubber hose to Colombia, with a 34% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.9% per year) and Australia (+13.9% per year).

In value terms, the largest metal-reinforced rubber hose suppliers to Colombia were China ($X), Italy ($X) and Australia ($X), together accounting for 45% of total imports.

Among the main suppliers, Australia, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, which is down by -2.2% against the previous year. Over the period under review, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 8.5%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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