Colombia: Apple Juice Market 2024

Apple Juice Market Size in Colombia

The Colombian apple juice market expanded slightly to $X in 2021, growing by 3.8% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Apple Juice Production in Colombia

In value terms, apple juice production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Apple Juice Exports

Exports from Colombia

Apple juice exports from Colombia soared to X tons in 2021, rising by 95% on the previous year's figure. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, apple juice exports surged to $X in 2021. In general, exports enjoyed notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for apple juice exports from Colombia, accounting for a 85% share of total exports. Moreover, apple juice exports to the United States exceeded the volume sent to the second major destination, Luxembourg (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +6.7%.

In value terms, the United States ($X) remains the key foreign market for apple juice (single strength) exports from Colombia, comprising 79% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +3.2%.

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, picking up by 33% against the previous year. Overall, the export price, however, saw a noticeable descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.3%).

Apple Juice Imports

Imports into Colombia

In 2021, the amount of apple juice (single strength) imported into Colombia rose slightly to X tons, increasing by 4.4% on the previous year's figure. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 56%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, apple juice imports rose sharply to $X in 2021. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest apple juice supplier to Colombia, with a 70% share of total imports. Moreover, apple juice imports from the United States exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold. The third position in this ranking was taken by Argentina (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+36.6% per year) and Argentina (+65.4% per year).

In value terms, the United States ($X) constituted the largest supplier of apple juice (single strength) to Colombia, comprising 76% of total imports. The second position in the ranking was taken by Argentina ($X), with a 5.5% share of total imports. It was followed by Austria, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+30.3% per year) and Austria (+17.6% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, surging by 4.2% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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