Colombia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Colombia

In 2021, after four years of growth, there was significant decline in the Colombian vulcanised cellular rubber articles market, when its value decreased by -36.7% to $X. Over the period under review, consumption, however, continues to indicate significant growth. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Colombia

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses decreased by -2.6% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 414%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles exports expanded notably to $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 271%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Aruba (X tons) was the main destination for vulcanised cellular rubber articles exports from Colombia, with a 53% share of total exports. Moreover, vulcanised cellular rubber articles exports to Aruba exceeded the volume sent to the second major destination, Panama (X tons), twofold. The United States (X kg) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Aruba totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-15.2% per year) and the United States (-22.0% per year).

In value terms, Aruba ($X), Panama ($X) and the United States ($X) were the largest markets for vulcanised cellular rubber articles exported from Colombia worldwide, with a combined 75% share of total exports. Malaysia, Honduras and El Salvador lagged somewhat behind, together comprising a further 9.9%.

In terms of the main countries of destination, Honduras, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price, however, recorded a slight descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 63%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Aruba ($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 Panama (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Colombia

In 2021, after four years of growth, there was significant decline in purchases abroad of vulcanised cellular rubber articles for technical uses, when their volume decreased by -36.6% to X tons. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 419%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, vulcanised cellular rubber articles imports reduced notably to $X in 2021. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 315%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Colombia, accounting for a 61% share of total imports. Moreover, vulcanised cellular rubber articles imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +95.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and the United Arab Emirates (+22.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Colombia, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United States, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +78.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and the United States (-1.0% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, surging by 1.6% against the previous year. In general, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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