Report Update Nov 1, 2024

Colombia - Glucose and Glucose Syrup - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Glucose Market 2024

Glucose Market Size in Colombia

In 2021, the Colombian glucose market increased by 1.6% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the market value increased by 5.1%. Glucose consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Glucose Production in Colombia

In value terms, glucose production amounted to less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Glucose Exports

Exports from Colombia

Glucose exports from Colombia fell slightly to X tons in 2021, waning by -3.9% against the previous year's figure. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by 56%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glucose exports surged to $X in 2021. Overall, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2015 when exports increased by 27%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for glucose exports from Colombia, with a 92% share of total exports. It was followed by the United States (X tons), with a 2.8% share of total exports. Peru (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+106.0% per year) and Peru (+257.4% per year).

In value terms, Ecuador ($X) remains the key foreign market for glucose and glucose syrup exports from Colombia, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with a 5.3% share of total exports. It was followed by Peru, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+122.0% per year) and Peru (+274.2% per year).

Export Prices by Country

In 2021, the average glucose export price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Peru ($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 Venezuela (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into Colombia

In 2021, supplies from abroad of glucose and glucose syrup increased by 62% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glucose imports surged to $X in 2021. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and France (X tons) were the main suppliers of glucose imports to Colombia, together comprising 83% of total imports. Turkey lagged somewhat behind, comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +121.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glucose suppliers to Colombia were China ($X), the United States ($X) and France ($X), with a combined 86% share of total imports. Turkey lagged somewhat behind, accounting for a further 9.4%.

Turkey, with a CAGR of +123.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glucose import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the United States ($X per ton), while the price for Turkey ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by Pakistan, Russia, Indonesia, Brazil, France, Mexico, Belgium, Germany, the UK and Canada, which together accounted for a further 32%.

What are the largest producers of glucose and glucose syrup in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 46% of global production.

What are the leading suppliers of glucose and glucose syrup to Colombia?

In value terms, the largest glucose suppliers to Colombia were China, the United States and France, together accounting for 89% of total imports.

What are the leading importers of glucose and glucose syrup from Colombia?

In value terms, the largest markets for glucose exported from Colombia were Ecuador, the United States and Honduras, together comprising 84% of total exports. Panama and El Salvador lagged somewhat behind, together accounting for a further 3.8%.

What is the average export price for glucose and glucose syrup in Colombia?

In 2021, the average glucose export price amounted to $688 per ton, increasing by 24% against the previous year.

What is the average import price for glucose and glucose syrup in Colombia?

In 2021, the average glucose import price amounted to $616 per ton, surging by 13% against the previous year.

This report provides an in-depth analysis of the glucose market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023