Colombia: Frozen Orange Juice Market 2020

Frozen Orange Juice Market Size in Colombia

The revenue of the frozen orange juice market in Colombia amounted to $X in 2018, standing approx. at the previous year. In general, frozen orange juice consumption continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Over the period under review, the frozen orange juice market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Frozen Orange Juice Production in Colombia

In value terms, frozen orange juice production amounted to $X in 2018 estimated in export prices. Over the period under review, frozen orange juice production continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2012 when production volume increased by X% against the previous year. Over the period under review, frozen orange juice production attained its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Frozen Orange Juice Exports

Exports from Colombia

In 2018, the exports of frozen unconcentrated orange juice from Colombia stood at X tons, falling by -X% against the previous year. Over the period under review, frozen orange juice exports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. In that year, frozen orange juice exports attained their peak of X tons. From 2012 to 2018, the growth of frozen orange juice exports remained at a lower figure.

In value terms, frozen orange juice exports stood at $X in 2018. In general, frozen orange juice exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

El Salvador (X tons), the U.S. (X tons) and Brazil (X tons) were the main destinations of frozen orange juice exports from Colombia, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Brazil, while the other leaders experienced mixed trend patterns.

In value terms, El Salvador ($X) remains the key foreign market for frozen orange juice exports from Colombia, comprising X% of total frozen orange juice exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value to El Salvador totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2018, the average frozen orange juice export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Mexico ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Orange Juice Imports

Imports into Colombia

In 2018, the amount of frozen unconcentrated orange juice imported into Colombia totaled X tons, declining by -X% against the previous year. In general, frozen orange juice imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, frozen orange juice imports reached their peak figure at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, frozen orange juice imports totaled $X in 2018. In general, frozen orange juice imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), Brazil (X tons) and the U.S. (X tons) were the main suppliers of frozen orange juice imports to Colombia, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Mexico, while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the largest frozen orange juice suppliers to Colombia, together comprising X% of total imports.

In terms of the main suppliers, Mexico recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average frozen orange juice import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the frozen orange juice import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform