Colombia: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Colombia

The Colombian concentrated apple juice market amounted to $X in 2021, surging by 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Concentrated Apple Juice Exports

Exports from Colombia

In 2021, shipments abroad of concentrated apple juice increased by 74% to X tons, rising for the second year in a row after five years of decline. Overall, exports saw strong growth. The growth pace was the most rapid in 2014 with an increase of 1,488% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated apple juice exports soared to $X in 2021. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 770% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for concentrated apple juice exports from Colombia, with a 82% share of total exports. Moreover, concentrated apple juice exports to Saudi Arabia exceeded the volume sent to the second major destination, Canada (X tons), eightfold. The third position in this ranking was taken by Venezuela (X kg), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+13.2% per year) and Venezuela (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for concentrated apple juice exports from Colombia, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports. It was followed by Venezuela, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.5% per year) and Venezuela (0.0% per year).

Export Prices by Country

In 2021, the average concentrated apple juice export price amounted to $X per ton, with an increase of 36% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 Saudi Arabia (-14.0%), while the prices for the other major destinations experienced a decline.

Concentrated Apple Juice Imports

Imports into Colombia

Concentrated apple juice imports into Colombia rose notably to X tons in 2021, increasing by 14% compared with the previous year's figure. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports expanded remarkably to $X in 2021. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 62%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest concentrated apple juice supplier to Colombia, accounting for a 50% share of total imports. Moreover, concentrated apple juice imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Panama (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.6% per year) and Panama (+14.7% per year).

In value terms, Chile ($X) constituted the largest supplier of concentrated apple juice to Colombia, comprising 48% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.2% share of total imports. It was followed by Argentina, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Chile stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+35.1% per year) and Argentina (+32.4% per year).

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, dropping by -7.2% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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