Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $2,675 per ton in February 2022, declining by -47.2% against the previous month. Over the period under review, the import price saw a slight setback. The growth pace was the most rapid in July 2021 when the average import price increased by 29% against the previous month. Over the period under review, average import prices hit record highs at $5,063 per ton in January 2022, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Hungary ($4,668 per ton), while the price for China ($2,410 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.2%), 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 Textile Materials in Colombia (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $7,304 per ton, picking up by 2.5% against the previous year. In general, the export price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. The export price peaked at $11,641 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($12,770 per ton), while the average price for exports to the Dominican Republic ($5,722 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 Jamaica (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Colombia skyrocketed to 2.1K tons, jumping by 36% against the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.9% against 2020 indices. 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 textile materialses skyrocketed to $7.2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2020 indices. 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 Textile Materials in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 2.7 | 3.7 | 4.8 | 13.3% |
| Hungary | 0.1 | 0.1 | 0.3 | 0.8 | 100.0% |
| Chile | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | 1.2 | 1.2 | 1.0 | 1.1 | -2.9% |
| Total | 4.6 | 4.0 | 5.2 | 7.2 | 16.1% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Colombia in 2022:
- China (1787.3 tons)
- Hungary (133.1 tons)
- Chile (81.8 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia
In 2022, approx. 73 tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were exported from Colombia; which is down by -8.5% against the previous year. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 119%.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses contracted to $531K in 2022. In general, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of $566K, and then dropped in the following year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 69.5 | 25.9 | 159 | 188 | 39.3% |
| Ecuador | 139 | 58.5 | 98.7 | 140 | 0.2% |
| Costa Rica | 15.5 | 7.6 | 39.6 | 46.6 | 44.3% |
| Peru | 63.2 | 53.9 | 52.3 | 45.8 | -10.2% |
| Nicaragua | N/A | 5.1 | 16.8 | 39.3 | 177.6% |
| Jamaica | 58.6 | 27.7 | 2.1 | 19.6 | -30.6% |
| Chile | 7.9 | 15.5 | 9.0 | 16.4 | 27.6% |
| Mexico | 37.6 | 25.8 | 60.0 | 7.8 | -40.8% |
| Guatemala | N/A | 16.6 | 94.0 | N/A | 466.3% |
| United States | 140 | 3.3 | 5.2 | N/A | -80.7% |
| Others | 20.1 | 29.0 | 29.2 | 27.0 | 10.3% |
| Total | 551 | 269 | 566 | 531 | -1.2% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Colombia in 2022:
- Dominican Republic (32.9 tons)
- Ecuador (19.2 tons)
- Peru (4.6 tons)
- Nicaragua (3.9 tons)
- Costa Rica (3.7 tons)
- Chile (2.8 tons)
- Jamaica (1.8 tons)
- Mexico (1.3 tons)
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