Colombia: Cream Fresh Market 2024

Cream Fresh Market Size in Colombia

In 2023, the Colombian cream fresh market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Cream fresh consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Cream Fresh Production in Colombia

In value terms, cream fresh production skyrocketed to $X in 2023 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Cream Fresh Exports

Exports from Colombia

In 2023, overseas shipments of cream fresh decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, cream fresh exports skyrocketed to $X in 2023. Over the period under review, exports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Venezuela (X tons) was the main destination for cream fresh exports from Colombia, accounting for a X% share of total exports. Moreover, cream fresh exports to Venezuela exceeded the volume sent to the second major destination, Aruba (X tons), fivefold. The third position in this ranking was held by Curacao (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Curacao (X% per year).

In value terms, Venezuela ($X), Aruba ($X) and Curacao ($X) constituted the largest markets for cream fresh exported from Colombia worldwide, together accounting for X% of total exports.

Curacao, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average cream fresh export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cream Fresh Imports

Imports into Colombia

In 2023, after two years of growth, there was significant decline in overseas purchases of cream fresh, when their volume decreased by X% to X tons. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, cream fresh imports declined rapidly to $X in 2023. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) was the main cream fresh supplier to Colombia, accounting for a X% share of total imports. It was followed by Brazil (X kg), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of cream fresh to Colombia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

In 2023, the average cream fresh import price amounted to $X per ton, growing by X% against the previous year. In general, the import price posted a perceptible increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Source: IndexBox Platform