Colombia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Colombia

In 2022, the Colombian natural rubber and gum market increased by X% to $X, rising for the fourth year in a row after four years of decline. In general, consumption, however, saw a slight descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Natural Rubber And Gums in Colombia

In value terms, natural rubber and gum production rose notably to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average natural rubber and gum yield in Colombia reduced to X kg per ha, dropping by X% compared with the previous year. Over the period under review, the yield showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. 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 natural rubber and gum harvested area in Colombia skyrocketed to X ha, jumping by X% compared with 2021. Over the period under review, the harvested area continues to indicate significant growth. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. The natural rubber and gum harvested area peaked in 2022 and is expected to retain growth in the near future.

Exports of Natural Rubber And Gums

Exports from Colombia

In 2022, natural rubber and gum exports from Colombia soared to X tons, with an increase of X% compared with 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, natural rubber and gum exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Ecuador (X tons) was the main destination for natural rubber and gum exports from Colombia, with a X% share of total exports. Moreover, natural rubber and gum exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Guatemala (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for natural rubber and gums exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Guatemala ($X per ton), while the average price for exports to Ecuador ($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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Colombia

In 2022, the amount of natural rubber and gums imported into Colombia rose significantly to X tons, surging by X% on 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. 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 skyrocketed to $X in 2022. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% 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) constituted the largest supplier of natural rubber and gum to Colombia, accounting for a X% share of total imports. Moreover, natural rubber and gum imports from Guatemala exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Guatemala totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cameroon ($X per ton) and Malaysia ($X per ton), while the price for Guatemala ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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