Colombia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Colombia

In 2021, the Colombian market for concentrated lemon and other citrus fruit juice was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Colombia

In 2021, overseas shipments of concentrated lemon and other citrus fruit juice were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 238% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of concentrated lemon and other citrus fruit juice soared to $X in 2021. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 216% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Colombia, with a 78% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to the UK exceeded the volume sent to the second major destination, Curacao (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (-20.2% per year) and France (+1,344.0% per year).

In value terms, the UK ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Colombia, comprising 70% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.2% share of total exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+134.5% per year) and the United States (-11.2% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, growing by 6.4% against the previous year. Over the period under review, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Curacao ($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 Curacao (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Colombia

In 2021, supplies from abroad of concentrated lemon and other citrus fruit juice was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced setback. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice surged to $X in 2021. Overall, imports, however, recorded a pronounced curtailment. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Colombia, accounting for a 59% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Spain exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-7.7% per year) and the Netherlands (+25.0% per year).

In value terms, Spain ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Colombia, comprising 56% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Peru, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.9% per year) and Peru (-18.1% per year).

Import Prices by Country

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, dropping by -8.6% against the previous year. Overall, the import price saw a mild downturn. The pace of growth was the most pronounced in 2016 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Peru ($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 (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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