Colombia: Yams Market 2024

Yams Market Size in Colombia

The Colombian yams market shrank modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Yams Production in Colombia

In value terms, yams production declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Yams production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of yams in Colombia stood at X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average yams yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of yams were harvested in Colombia; approximately reflecting 2021. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The yams harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Yams Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of yams, when their volume decreased by X% to X tons. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, yams exports fell to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for yams exports from Colombia, with a X% share of total exports. It was followed by the Netherlands (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for yams exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

In 2022, the average yams export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yams export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Yams Imports

Imports into Colombia

In 2022, approx. X tons of yams were imported into Colombia; shrinking by X% against the previous year. Overall, imports showed a deep slump. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, yams imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of yams to Colombia, accounting for a approx. X% share of total imports.

From 2015 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X.0%.

In value terms, Brazil ($X) constituted the largest supplier of yams to Colombia.

From 2015 to 2022, the average annual growth rate of value from Brazil amounted to X.0%.

Import Prices by Country

In 2022, the average yams import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2015 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Source: IndexBox Platform

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