Colombia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Colombia

The Colombian market for chocolate bars with cereals, fruit or nuts was estimated at $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.1% against 2020 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Colombia

In value terms, production of chocolate bars with cereals, fruit or nuts shrank slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Colombia

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -22.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Over the period under review, the exports of reached the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, exports of chocolate bars with cereals, fruit or nuts reduced remarkably to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The United States (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Colombia, together accounting for 72% of total exports. Mexico, Panama, Spain, Costa Rica, Venezuela and Peru lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +79.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal, fruit or nut chocolate bar exported from Colombia were the United States ($X), Ecuador ($X) and Chile ($X), with a combined 70% share of total exports. Mexico, Costa Rica, Panama, Spain, Venezuela and Peru lagged somewhat behind, together accounting for a further 21%.

Mexico, with a CAGR of +80.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, surging by 7.7% against the previous year. Overall, the export price continues to indicate a slight increase. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Colombia

In 2022, imports of chocolate bars with cereals, fruit or nuts into Colombia skyrocketed to X tons, jumping by 76% against the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by +64.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest cereal, fruit or nut chocolate bar supplier to Colombia, accounting for a 57% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sevenfold. Brazil (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+44.2% per year) and Brazil (+0.1% per year).

In value terms, the United States ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Colombia, comprising 58% of total imports. The second position in the ranking was taken by France ($X), with an 8% share of total imports. It was followed by Brazil, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.1% per year) and Brazil (+6.6% per year).

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, shrinking by -9.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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