Colombia: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Colombia

The Colombian beet-pulp and bagasse market totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beet-pulp and bagasse consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Beet-Pulp And Bagasse Production in Colombia

In value terms, beet-pulp and bagasse production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Colombia

In 2022, approx. X tons of beet-pulp and bagasse were exported from Colombia; jumping by 645% compared with 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,496% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, beet-pulp and bagasse exports expanded modestly to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,330%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for beet-pulp and bagasse exports from Colombia, accounting for a 89% share of total exports. Moreover, beet-pulp and bagasse exports to Spain exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +56.0%.

In value terms, the largest markets for beet-pulp and bagasse exported from Colombia were Germany ($X) and Spain ($X).

In terms of the main countries of destination, Spain, with a CAGR of +51.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, falling by -85.9% against the previous year. In general, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 228% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.3%).

Beet-Pulp And Bagasse Imports

Imports into Colombia

In 2022, supplies from abroad of beet-pulp and bagasse decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 216%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, beet-pulp and bagasse imports shrank to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 190%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest beet-pulp and bagasse supplier to Colombia, accounting for a 47% share of total imports. Moreover, beet-pulp and bagasse imports from Spain exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-5.8% per year) and Brazil (+22.8% per year).

In value terms, Spain ($X) constituted the largest supplier of beet-pulp and bagasse to Colombia, comprising 44% of total imports. The second position in the ranking was held by Brazil ($X), with a 6.3% share of total imports. It was followed by Chile, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+18.9% per year) and Chile (-7.5% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, waning by -9.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :