Report Update Nov 1, 2024

Colombia - Cereal Germ - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Cereal Germ Market 2024

Cereal Germ Market Size in Colombia

In 2021, the Colombian cereal germ market decreased by -12% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Cereal Germ Production in Colombia

In value terms, cereal germ production shrank to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 45% against the previous year. Cereal germ production peaked at $X in 2020, and then reduced in the following year.

Cereal Germ Exports

Exports from Colombia

Cereal germ exports from Colombia totaled X tons in 2021, leveling off at 2020 figures. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 412% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cereal germ exports totaled $X in 2021. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 390%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Venezuela (X tons) was the main destination for cereal germ exports from Colombia, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Venezuela was relatively modest.

From 2013 to 2021, the average annual growth rate of value to Venezuela was relatively modest.

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, flattening at the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2016 a decrease of -0.5% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2013 to 2021, the rate of growth in terms of prices for Curacao amounted to +0.6% per year.

Cereal Germ Imports

Imports into Colombia

In 2021, imports of cereal germ into Colombia reached X tons, standing approx. at the previous year. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 436%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports expanded modestly to $X in 2021. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 441%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of cereal germ to Colombia, with a 51% share of total imports. Moreover, cereal germ imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +22.7%.

In value terms, France ($X) constituted the largest supplier of cereal germ to Colombia, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +11.4%.

Import Prices by Country

In 2021, the average cereal germ import price amounted to $X per ton, surging by 4.1% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-5.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cereal germ in the world?

China remains the largest cereal germ consuming country worldwide, comprising approx. 16% of total volume. Moreover, cereal germ consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of cereal germ in the world?

The country with the largest volume of cereal germ production was China, accounting for 16% of total volume. Moreover, cereal germ production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of cereal germ to Colombia?

In value terms, France constituted the largest supplier of cereal germ to Colombia.

What is the average export price for cereal germ in Colombia?

The average cereal germ export price stood at $2,614 per ton in 2021, leveling off at the previous year.

What is the average import price for cereal germ in Colombia?

In 2021, the average cereal germ import price amounted to $2,275 per ton, picking up by 6.6% against the previous year.

This report provides an in-depth analysis of the cereal germ 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:

Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023