Colombia: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Colombia

The Colombian homogenised jam and marmalade market fell slightly to $X in 2022, leveling off at the previous year. In general, consumption saw a deep slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Colombia

In value terms, homogenised jam and marmalade production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Homogenised jam and marmalade production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Colombia

In 2022, the amount of homogenised preparations of jams, fruit jellies and marmalades exported from Colombia reduced to X tons, falling by -13.6% compared with 2021. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 64%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, homogenised jam and marmalade exports fell rapidly to $X in 2022. In general, exports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2021 when exports increased by 68%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The United States (X tons), Cuba (X tons) and the Dominican Republic (X tons) were the main destinations of homogenised jam and marmalade exports from Colombia, with a combined 69% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +52.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for homogenised jam and marmalade exported from Colombia were the United States ($X), Cuba ($X) and Peru ($X), together comprising 68% of total exports. The Dominican Republic, Bolivia, Ecuador, Suriname, Venezuela, Haiti and Guatemala lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +41.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average homogenised jam and marmalade export price stood at $X per ton in 2022, shrinking by -7.6% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Haiti ($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 Guatemala (+12.3%), while the prices for the other major destinations experienced a decline.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Colombia

Homogenised jam and marmalade imports into Colombia surged to X tons in 2022, jumping by 155% on the previous year's figure. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 563% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, homogenised jam and marmalade imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 463% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest homogenised jam and marmalade supplier to Colombia, with a 85% share of total imports. Moreover, homogenised jam and marmalade imports from Mexico exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+25.3% per year) and Spain (+142.1% per year).

In value terms, Mexico ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to Colombia, comprising 83% of total imports. The second position in the ranking was taken by Spain ($X), with a 4.7% share of total imports. It was followed by Lebanon, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+134.8% per year) and Lebanon (+103.8% per year).

Import Prices by Country

The average homogenised jam and marmalade import price stood at $X per ton in 2022, falling by -17.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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