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Colombia - Fruit Flour - Market Analysis, Forecast, Size, Trends and Insights
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View PricingColombia: Fruit Flour Market 2024
Fruit Flour Market Size in Colombia
The Colombian fruit flour market rose modestly to $X in 2022, with an increase of 3% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.
Fruit Flour Production in Colombia
In value terms, fruit flour production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 49%. Fruit flour production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.
Fruit Flour Exports
Exports from Colombia
Fruit flour exports from Colombia fell significantly to X tons in 2022, with a decrease of -16.1% against 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 227%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell significantly in the following year.
In value terms, fruit flour exports fell remarkably to $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 247%. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.
Exports by Country
Ecuador (X tons) was the main destination for fruit flour exports from Colombia, with a 47% share of total exports. Moreover, fruit flour exports to Ecuador exceeded the volume sent to the second major destination, Panama (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 12% share.
From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+382.6% per year) and Germany (-6.2% per year).
In value terms, Ecuador ($X), the United States ($X) and Panama ($X) appeared to be the largest markets for fruit flour exported from Colombia worldwide, together comprising 76% of total exports.
Panama, with a CAGR of +392.5%, recorded the highest rates of growth with regard to 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 2022, the average fruit flour export price amounted to $X per ton, dropping by -13.1% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fruit Flour Imports
Imports into Colombia
In 2022, approx. X tons of fruit flour were imported into Colombia; surging by 14% compared with the year before. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 103% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, fruit flour imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of 139% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, the United States (X tons) constituted the largest fruit flour supplier to Colombia, with a 78% share of total imports. Moreover, fruit flour imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), ninefold. Vietnam (X tons) ranked third in terms of total imports with a 4.8% share.
From 2012 to 2022, the average annual growth rate of volume from the United States stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+68.7% per year) and Vietnam (+48.6% per year).
In value terms, the United States ($X) constituted the largest supplier of fruit flour to Colombia, comprising 79% of total imports. The second position in the ranking was held by Chile ($X), with an 8.8% share of total imports. It was followed by Vietnam, with a 5.6% share.
From 2012 to 2022, the average annual growth rate of value from the United States stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+71.3% per year) and Vietnam (+59.9% per year).
Import Prices by Country
The average fruit flour import price stood at $X per ton in 2022, surging by 1.9% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fruit flour 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 624 - Flour of Fruits
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
- 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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