Colombia: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Colombia

In 2021, after two years of growth, there was significant decline in the Colombian grapefruit juice (single strength) market, when its value decreased by -6.4% to $X. In general, consumption recorded a abrupt descent. Grapefruit juice (single strength) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Grapefruit Juice (Single Strength) in Colombia

In value terms, grapefruit juice (single strength) production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.9% against 2017 indices. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from Colombia

In 2021, approx. X kg of grapefruit juice (single strength) were exported from Colombia; picking up by 74% on 2020 figures. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grapefruit juice (single strength) exports surged to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 94%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

France (X kg) was the main destination for grapefruit juice (single strength) exports from Colombia, with a 54% share of total exports. Moreover, grapefruit juice (single strength) exports to France exceeded the volume sent to the second major destination, Curacao (X kg), twofold.

From 2015 to 2021, the average annual growth rate of volume to France amounted to +27.0%.

In value terms, France ($X) and Curacao ($X) constituted the largest markets for grapefruit juice (single strength) exported from Colombia worldwide.

Among the main countries of destination, Curacao, with a CAGR of +178.6%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to France totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+39.8%).

Imports of Grapefruit Juice (Single Strength)

Imports into Colombia

In 2021, purchases abroad of grapefruit juice (single strength) decreased by -14.7% to X tons, falling for the seventh consecutive year after three years of growth. In general, imports saw a precipitous slump. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports soared to $X in 2021. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of grapefruit juice (single strength) to Colombia, with a 68% share of total imports. Moreover, grapefruit juice (single strength) imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.1% per year) and Mexico (-34.5% per year).

In value terms, the United States ($X), Germany ($X) and Mexico ($X) constituted the largest grapefruit juice (single strength) suppliers to Colombia.

In terms of the main suppliers, Germany, with a CAGR of +12.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, picking up by 79% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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