Colombia: Market for Crispbread, Rusks and Toasted Bread 2025

Market Size for Crispbread, Rusks and Toasted Bread in Colombia

The Colombian market for crispbread, rusks and toasted bread expanded rapidly to $X in 2022, with an increase of 6.5% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Crispbread, Rusks and Toasted Bread in Colombia

In value terms, crispbread, rusk and toasted bread production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Colombia

In 2022, approx. X tons of crispbread, rusks and toasted bread were exported from Colombia; stabilizing at the year before. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports declined modestly to $X in 2022. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 98%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for crispbread, rusk and toasted bread exports from Colombia, with a 84% share of total exports. Moreover, crispbread, rusk and toasted bread exports to the United States exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold. Spain (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-26.2% per year) and Spain (+2.1% per year).

In value terms, the United States ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Colombia, comprising 84% of total exports. The second position in the ranking was taken by Spain ($X), with a 5.5% share of total exports. It was followed by Ecuador, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1.8% per year) and Ecuador (-25.3% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, with a decrease of -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Colombia

In 2022, purchases abroad of crispbread, rusks and toasted bread decreased by -21.2% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, crispbread, rusk and toasted bread imports declined significantly to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Colombia, with a 62% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +43.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.8% per year) and China (+69.9% per year).

In value terms, Spain ($X), the United States ($X) and China ($X) constituted the largest crispbread, rusk and toasted bread suppliers to Colombia, together comprising 89% of total imports.

Among the main suppliers, China, with a CAGR of +77.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, which is down by -3.8% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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