Colombia: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Colombia

In 2021, the Colombian breakfast cereal market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Colombia

In value terms, breakfast cereal production reached $X in 2021 estimated in export price. In general, production showed a prominent expansion. 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 attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Colombia

In 2021, approx. X tons of breakfast cereals were exported from Colombia; increasing by X% against the previous year. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, breakfast cereal exports reduced to $X in 2021. Overall, exports enjoyed a mild increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Chile (X tons), Ecuador (X tons) and Peru (X tons) were the main destinations of breakfast cereal exports from Colombia, together comprising X% of total exports. Mexico, Bolivia, Panama and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for breakfast cereal exported from Colombia were Chile ($X), Peru ($X) and Ecuador ($X), with a combined X% share of total exports. These countries were followed by Bolivia, the United States, Mexico and Panama, which together accounted for a further X terms of the main countries of destination, Mexico, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Colombia

In 2021, purchases abroad of breakfast cereals decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, breakfast cereal imports declined remarkably to $X in 2021. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of breakfast cereal to Colombia, accounting for a X% share of total imports. Moreover, breakfast cereal imports from Chile exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the United States (+X% per year).

In value terms, the largest breakfast cereal suppliers to Colombia were Chile ($X), Mexico ($X) and the United States ($X), with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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