Price for Food Preparations Not Elsewhere Specified or Included in Colombia - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Colombia (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Colombia (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Colombia
- Exports of Food Preparations Not Elsewhere Specified or Included in Colombia
Price for Food Preparations Not Elsewhere Specified or Included in Colombia (CIF) - 2022
In February 2022, the average import price for food preparations not elsewhere specified or included amounted to $6,711 per ton, reducing by -3.4% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in June 2021 an increase of 17% month-to-month. The import price peaked at $6,946 per ton in January 2022, and then declined slightly 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 Peru ($24,509 per ton), while the price for Poland ($2,401 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 Argentina (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Colombia (FOB) - 2022
In February 2022, the average export price for food preparations not elsewhere specified or included amounted to $8,542 per ton, picking up by 32% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $9,208 per ton in February 2021; however, from March 2021 to February 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was the United States ($18,663 per ton), while the average price for exports to Italy ($2,120 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 Panama (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Colombia
Imports of food preparations not elsewhere specified or included into Colombia reached 51K tons in 2022, picking up by 5.2% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.
In value terms, imports of food preparations not elsewhere specified or included surged to $351M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 88.7 | 63.3 | 69.4 | 98.1 | 3.4% |
| United States | 86.9 | 68.9 | 77.9 | 85.1 | -0.7% |
| Mexico | 30.8 | 19.6 | 26.3 | 35.5 | 4.8% |
| Peru | 18.7 | 15.6 | 20.4 | 21.5 | 4.8% |
| Spain | 6.4 | 7.9 | 9.2 | 11.8 | 22.6% |
| Free Zones | 10.1 | 13.8 | 13.8 | 10.9 | 2.6% |
| Germany | 9.9 | 9.4 | 12.9 | 10.7 | 2.6% |
| China | 3.1 | 3.1 | 5.7 | 9.3 | 44.2% |
| Argentina | 3.5 | 4.0 | 5.0 | 6.3 | 21.6% |
| Netherlands | 2.7 | 4.0 | 6.5 | 5.9 | 29.8% |
| Poland | 2.9 | 2.6 | 3.0 | 4.0 | 11.3% |
| Others | 49.0 | 41.1 | 45.3 | 52.0 | 2.0% |
| Total | 313 | 253 | 295 | 351 | 3.9% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Colombia in 2022:
- United States (14.0K tons)
- Brazil (13.1K tons)
- Mexico (5.2K tons)
- China (3.1K tons)
- Argentina (2.7K tons)
- Netherlands (1.8K tons)
- Spain (1.8K tons)
- Germany (1.6K tons)
- Peru (1.3K tons)
- Poland (1.2K tons)
- Free Zones (1.1K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Colombia
For the fourth consecutive year, Colombia recorded growth in overseas shipments of food preparations not elsewhere specified or included, which increased by 8.9% to 20K tons in 2022. The total export volume increased at an average annual rate of +12.3% over the period from 2019 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 2021 with an increase of 14%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included shrank slightly to $104M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 33%. As a result, the exports attained the peak of $105M, and then fell modestly in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.5 | 32.1 | 45.0 | 30.9 | 6.6% |
| Ecuador | 5.8 | 13.0 | 16.8 | 13.9 | 33.8% |
| Guatemala | 10.8 | 3.1 | 6.4 | 8.1 | -9.1% |
| Peru | 5.6 | 4.2 | 3.7 | 6.8 | 6.7% |
| Honduras | 5.1 | 3.2 | 4.1 | 6.1 | 6.1% |
| Venezuela | 0.1 | 0.4 | 1.3 | 5.9 | 289.3% |
| El Salvador | 3.1 | 4.0 | 3.3 | 3.8 | 7.0% |
| Panama | 3.8 | 3.2 | 2.9 | 3.7 | -0.9% |
| Chile | 2.8 | 2.3 | 4.2 | 3.6 | 8.7% |
| Dominican Republic | 3.0 | 1.8 | 3.1 | 3.5 | 5.3% |
| Nicaragua | 2.9 | 2.2 | 3.3 | 2.7 | -2.4% |
| Costa Rica | 1.6 | 2.1 | 3.3 | 2.1 | 9.5% |
| Others | 9.3 | 8.0 | 8.0 | 12.2 | 9.5% |
| Total | 79.1 | 79.5 | 105 | 104 | 9.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Colombia in 2022:
- United States (8.4K tons)
- Honduras (1.9K tons)
- Ecuador (1.8K tons)
- Guatemala (1.5K tons)
- Panama (1.1K tons)
- Peru (1.0K tons)
- Nicaragua (0.7K tons)
- Venezuela (0.7K tons)
- Chile (0.6K tons)
- El Salvador (0.4K tons)
- Dominican Republic (0.4K tons)
- Costa Rica (0.3K tons)
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