Colombia: Candied Fruit Market 2024

Candied Fruit Market Size in Colombia

The Colombian candied fruit market shrank slightly to $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Candied fruit consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Candied Fruit Production in Colombia

In value terms, candied fruit production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Candied fruit production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Candied Fruit Exports

Exports from Colombia

In 2021, approx. X tons of candied fruits were exported from Colombia; surging by 347% on the previous year. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 480%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, candied fruit exports skyrocketed to $X in 2021. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 414%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for candied fruit exports from Colombia, with a 72% share of total exports. Moreover, candied fruit exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Canada (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+16.9% per year) and Canada (+25.4% per year).

In value terms, the United States ($X) remains the key foreign market for candied fruit exports from Colombia, comprising 72% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by Canada, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+14.9% per year) and Canada (+23.0% per year).

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, which is down by -5.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 16%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($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 the United States (-0.1%), while the prices for the other major destinations experienced a decline.

Candied Fruit Imports

Imports into Colombia

Candied fruit imports into Colombia contracted to X tons in 2021, which is down by -10.9% against 2020 figures. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 248% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, candied fruit imports reached $X in 2021. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 257%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of candied fruit to Colombia, with a 87% share of total imports. Moreover, candied fruit imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +161.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-0.0% per year) and Brazil (-30.9% per year).

In value terms, China ($X) constituted the largest supplier of candied fruit to Colombia, comprising 90% of total imports. The second position in the ranking was held by Peru ($X), with a 3.9% share of total imports. It was followed by Chile, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +128.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-1.5% per year) and Chile (-24.5% per year).

Import Prices by Country

In 2021, the average candied fruit import price amounted to $X per ton, rising by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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