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Colombia - Quinoa - Market Analysis, Forecast, Size, Trends and Insights
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View PricingQuinoa Price in Colombia - 2022
Contents:
- Quinoa Price in Colombia (CIF) - 2022
- Quinoa Price in Colombia (FOB) - 2022
- Quinoa Imports in Colombia
- Quinoa Exports in Colombia
Quinoa Price in Colombia (CIF) - 2022
The average quinoa import price stood at $1,946 per ton in 2022, falling by -31.2% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. As a result, import price reached the peak level of $6,333 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Ecuador ($4,632 per ton), while the price for Peru ($1,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (-1.8%), while the prices for the other major suppliers experienced a decline.
Quinoa Price in Colombia (FOB) - 2022
In 2022, the average quinoa export price amounted to $3,126 per ton, reducing by -26.6% against the previous year. Over the period under review, the export price recorded a perceptible decline. The growth pace was the most rapid in 2021 when the average export price increased by 224%. As a result, the export price attained the peak level of $4,256 per ton, and then plummeted in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($3,483 per ton), while the average price for exports to Venezuela totaled $2,738 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1,799.6%), while the prices for the other major destinations experienced mixed trend patterns.
Quinoa Imports in Colombia
In 2022, after two years of decline, there was significant growth in purchases abroad of quinoa, when their volume increased by 171% to 94 tons. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, quinoa imports skyrocketed to $183K in 2022. Over the period under review, imports, however, saw a pronounced decline.
Import of Quinoa in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bolivia | 210 | 132 | 74.4 | 90.0 | -24.6% |
Peru | N/A | 22.1 | 8.3 | 83.4 | 94.3% |
Ecuador | N/A | N/A | 15.2 | 9.2 | -39.5% |
Others | N/A | 0.8 | N/A | N/A | 0% |
Total | 210 | 155 | 97.8 | 183 | -4.5% |
Top Suppliers of Quinoa to Colombia in 2022:
- Peru (63.1 tons)
- Bolivia (28.6 tons)
- Ecuador (2.0 tons)
Quinoa Exports in Colombia
In 2022, overseas shipments of quinoa decreased by -65.7% to 3.2 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by less than 0.1%. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, quinoa exports shrank rapidly to $9.9K in 2022. Over the period under review, exports saw a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 28%.
Export of Quinoa in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | N/A | 3.1 | 10.0 | 5.8 | 36.8% |
Venezuela | N/A | N/A | 0.9 | 4.0 | 344.4% |
Spain | 5.1 | 5.4 | 2.3 | N/A | -32.8% |
China | 30.6 | N/A | N/A | N/A | 0% |
Guatemala | N/A | 15.8 | 16.6 | N/A | 5.1% |
Costa Rica | N/A | N/A | 8.8 | N/A | 0% |
El Salvador | N/A | 4.3 | 0.9 | N/A | -79.1% |
Netherlands | 33.0 | N/A | N/A | N/A | 0% |
Others | 0.3 | 2.2 | N/A | 0.1 | -30.7% |
Total | 69.0 | 30.9 | 39.5 | 9.9 | -47.6% |
Top Export Markets for Quinoa from Colombia in 2022:
- Panama (1.7 tons)
- Venezuela (1.5 tons)
This report provides an in-depth analysis of the quinoa 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 92 - Quinoa
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
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