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Colombia - Inulin - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInulin Price in Colombia - 2022
Contents:
- Inulin Price in Colombia (CIF) - 2022
- Inulin Price in Colombia (FOB) - 2022
- Inulin Imports in Colombia
- Inulin Exports in Colombia
Inulin Price in Colombia (CIF) - 2022
The average inulin import price stood at $3,148 per ton in February 2022, which is down by -3.8% against the previous month. In general, the import price recorded a mild descent. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 46% month-to-month. As a result, import price attained the peak level of $5,166 per ton. From April 2021 to February 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($8,672 per ton), while the price for the Netherlands ($2,835 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 Mexico (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Inulin Price in Colombia (FOB) - 2022
The average inulin export price stood at $4,176 per ton in 2022, waning by -12.5% against the previous year. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 78%. The export price peaked at $7,068 per ton in 2014; however, from 2015 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 Ecuador ($4,223 per ton), while the average price for exports to Venezuela totaled $887 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-3.4%).
Inulin Imports in Colombia
In 2022, after three years of growth, there was significant decline in overseas purchases of inulin, when their volume decreased by -14.1% to 446 tons. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 +23.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports attained the peak of 519 tons, and then contracted in the following year.
In value terms, inulin imports plummeted to $1.5M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of $1.8M, and then reduced sharply in the following year.
Import of Inulin in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 558 | 723 | 923 | 563 | 0.3% |
Netherlands | 282 | 174 | 310 | 279 | -0.4% |
Belgium | 83.3 | 141 | 233 | 210 | 36.1% |
Mexico | 77.6 | 124 | 129 | 117 | 14.7% |
China | 31.0 | 18.1 | 28.9 | 26.0 | -5.7% |
Others | 0.1 | 0.2 | 139 | 278 | 1306.1% |
Total | 1,031 | 1,180 | 1,764 | 1,472 | 12.6% |
Top Suppliers of Inulin to Colombia in 2022:
- Chile (203.9 tons)
- Netherlands (85.1 tons)
- Belgium (55.9 tons)
- Mexico (12.5 tons)
- China (7.1 tons)
Inulin Exports in Colombia
In 2022, the amount of inulin exported from Colombia fell dramatically to 17 kg, which is down by -19% on 2021 figures. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 40%.
In value terms, inulin exports shrank markedly to $71 in 2022. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. As a result, the exports attained the peak of $100, and then reduced remarkably in the following year.
Export of Inulin in Colombia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 51.0 | 42.0 | 98.0 | 71.0 | 11.7% |
Netherlands | N/A | N/A | 1.0 | N/A | 0% |
Others | N/A | N/A | 1.0 | N/A | 0% |
Total | 51.0 | 42.0 | 100 | 71.0 | 11.7% |
Top Export Markets for Inulin from Colombia in 2022:
- Ecuador (17.0 kg)
This report provides an in-depth analysis of the inulin 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:
- Prodcom 10621130 - Inulin
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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