Colombia: Groundnuts Market 2025

Groundnuts Market Size in Colombia

The Colombian groundnuts market declined to $X in 2022, shrinking by -14.5% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Groundnuts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Groundnuts Production in Colombia

In value terms, groundnuts production fell dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 88% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of ground-nut (in-shell) in Colombia fell to X tons per ha in 2022, with a decrease of -8.5% against the year before. Overall, the yield, however, saw a pronounced increase. The pace of growth was the most pronounced in 2017 when the yield increased by 89% against the previous year. The groundnuts yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The groundnuts harvested area in Colombia dropped to X ha in 2022, with a decrease of -2.1% against 2021. In general, the harvested area saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 157% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the groundnuts harvested area remained at a lower figure.

Groundnuts Exports

Exports from Colombia

After three years of growth, shipments abroad of ground-nut (in-shell) decreased by -8.5% to X kg in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4,200% against the previous year. As a result, the exports attained the peak of X kg, and then fell in the following year.

In value terms, groundnuts exports contracted to $X in 2022. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 3,900%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for groundnuts exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled +229.2%.

In value terms, Aruba ($X) also remains the key foreign market for ground-nut (in-shell) exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Aruba amounted to +191.0%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, picking up by 6% against the previous year. Overall, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 165%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +17.9% per year.

Groundnuts Imports

Imports into Colombia

In 2022, groundnuts imports into Colombia contracted sharply to X tons, waning by -23.2% against 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 433% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports fell notably to $X in 2022. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2014 when imports increased by 426%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of groundnuts to Colombia, accounting for a 100% share of total imports. It was followed by Brazil (X kg), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.8%.

In value terms, China ($X) constituted the largest supplier of ground-nut (in-shell) to Colombia, comprising 100% of total imports. The second position in the ranking was taken by Brazil ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +19.0%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, dropping by -18.9% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 48%. The import price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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