Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $6,207 per ton in 2022, surging by 37% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($21,041 per ton), while the price for China ($2,605 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $12,200 per ton, dropping by -53.2% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82% against the previous year. The export price peaked at $26,088 per ton in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($17,667 per ton), while the average price for exports to Costa Rica ($2,000 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 Panama (+7.0%).
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia
In 2022, approx. 409 tons of rubber; vulcanised, conveyor belts or belting, reinforced only with metals were imported into Colombia; growing by 136% compared with the year before. Over the period under review, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $2.5M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 248 | 209 | 69.9 | 1,094 | 64.0% |
| China | 328 | 879 | 243 | 758 | 32.2% |
| Italy | 11.3 | 2.6 | 21.4 | 270 | 188.0% |
| Chile | 12.8 | 22.5 | 34.2 | 239 | 165.3% |
| United States | 121 | 87.3 | 71.5 | 104 | -4.9% |
| Japan | 255 | 347 | 111 | 8.3 | -68.1% |
| Hungary | 69.9 | 209 | 181 | N/A | 60.9% |
| Others | 71.7 | 160 | 51.3 | 62.6 | -4.4% |
| Total | 1,117 | 1,916 | 784 | 2,537 | 31.4% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Colombia in 2022:
- China (291.1 tons)
- Germany (52.0 tons)
- Chile (42.9 tons)
- Italy (13.4 tons)
- United States (5.2 tons)
- Japan (1.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia
For the third year in a row, Colombia recorded decline in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -91.2% to 5 kg in 2022. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -49.1% was in 2020.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals fell sharply to $61 in 2022. Overall, exports recorded a significant decrease. The smallest decline of -7.2% was in 2020.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 952 | 1,667 | 646 | 53.0 | -61.8% |
| Panama | 1,452 | 294 | 63.0 | 5.0 | -84.9% |
| Costa Rica | 730 | 143 | 14.0 | 2.0 | -86.0% |
| United States | N/A | N/A | 764 | N/A | 0% |
| Others | N/A | 805 | N/A | 1.0 | -96.5% |
| Total | 3,134 | 2,909 | 1,487 | 61.0 | -73.1% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Colombia in 2022:
- Ecuador (3.0 kg)
- Panama (1.0 kg)
- Costa Rica (1.0 kg)
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