Colombia: Glucose Market 2025

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

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