Colombia - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Colombia - 2022
Contents:
- Banana Price in Colombia (FOB) - 2022
- Banana Price in Colombia (CIF) - 2022
- Banana Exports in Colombia
- Banana Imports in Colombia
Banana Price in Colombia (FOB) - 2022
The average banana export price stood at $409 per ton in February 2022, rising by 6.6% against the previous month. In general, the export price, however, showed a slight decrease. Over the period under review, the average export prices hit record highs at $468 per ton in February 2021; however, from March 2021 to February 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($498 per ton), while the average price for exports to Slovenia ($212 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.8%), while the prices for the other major destinations experienced a decline.
Banana Price in Colombia (CIF) - 2022
The average banana import price stood at $629 per ton in 2022, with a decrease of -48.1% against the previous year. Overall, the import price, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 71%. As a result, import price reached the peak level of $1,213 per ton, and then contracted dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +4.0% per year.
Banana Exports in Colombia
For the fourth consecutive year, Colombia recorded growth in shipments abroad of bananas, which increased by 5.8% to 2.2M tons in 2022. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 7.3% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, banana exports expanded modestly to $979M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 4.9%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Banana in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 123 | 139 | 151 | 183 | 14.2% |
Belgium | 200 | 170 | 186 | 145 | -10.2% |
United Kingdom | 146 | 135 | 129 | 144 | -0.5% |
Italy | 123 | 118 | 108 | 122 | -0.3% |
Germany | 93.4 | 64.0 | 97.7 | 95.8 | 0.8% |
Netherlands | 63.9 | 57.0 | 52.5 | 75.4 | 5.7% |
France | 5.4 | 21.5 | 31.3 | 47.8 | 106.9% |
Slovenia | 30.3 | 38.1 | 25.1 | 46.9 | 15.7% |
Spain | 18.7 | 28.2 | 23.3 | 21.5 | 4.8% |
Others | 67.0 | 143 | 131 | 97.8 | 13.4% |
Total | 871 | 913 | 936 | 979 | 4.0% |
Top Export Markets for Banana from Colombia in 2022:
- United States (406.9K tons)
- Belgium (330.0K tons)
- United Kingdom (294.5K tons)
- Italy (283.4K tons)
- Germany (221.3K tons)
- Netherlands (164.6K tons)
- Slovenia (134.7K tons)
- France (97.7K tons)
- Spain (49.8K tons)
Banana Imports in Colombia
Banana imports into Colombia surged to 737 tons in 2022, growing by 94% against 2021 figures. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, banana imports amounted to $464K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Banana in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 197 | 321 | 278 | 400 | 26.6% |
Others | N/A | 0.5 | 182 | 63.9 | 1030.5% |
Total | 197 | 322 | 460 | 464 | 33.1% |
Top Suppliers of Banana to Colombia in 2022:
- Ecuador (523.7 tons)
This report provides an in-depth analysis of the banana market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the banana market in Colombia.
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This report provides an in-depth analysis of the global banana and plantain market.
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This report provides an in-depth analysis of the banana market in Colombia.
This report provides an in-depth analysis of the banana and plantain market in Colombia.
This report provides an in-depth analysis of the plantain market in Colombia.
This report provides an in-depth analysis of the global banana market.
Explore the top 10 countries with the highest import value of bananas. Discover key statistics and market insights from IndexBox market intelligence platform.
The demand for bananas remained robust amidst the pandemic. Despite record exports from Ecuador, which remains the world's largest banana supplier, prices in the largest import markets are rising due to strong demand and local COVID-related imbalances in supply chains. Driven by growing population, the global banana market could reach 143M tons by 2030. The increasing epidemic of the TR4 fungus could reduce the growth potential of the global market and accelerate the rise in prices.
The global banana market revenue amounted to $58.5B in 2017, therefore, remained relatively stable against the...
The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.
Global banana production amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global banana market had total revenues of X million USD in 2015, seesawing over the last three years, after a steady growth from 2007 to 2012.