Colombia: Canned Meat Market 2025

Canned Meat Market Size in Colombia

After three years of decline, the Colombian canned meat market increased by 8.9% to $X in 2021. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.3% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Canned Meat Production in Colombia

In value terms, canned meat production rose sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 47%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Canned Meat Exports

Exports from Colombia

In 2021, shipments abroad of canned meat increased by 11% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 74% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, canned meat exports reached $X in 2021. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 96%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for canned meat exports from Colombia, accounting for a 67% share of total exports. Moreover, canned meat exports to Ecuador exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was held by Panama (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-10.4% per year) and Panama (+103.5% per year).

In value terms, Ecuador ($X) remains the key foreign market for canned meat exports from Colombia, comprising 86% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.6% share of total exports. It was followed by Panama, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-9.9% per year) and Panama (+111.0% per year).

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price, however, saw tangible growth. The pace of growth was the most pronounced in 2017 an increase of 48% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Hong Kong SAR ($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 Panama (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Colombia

In 2021, supplies from abroad of canned meat decreased by -0.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2015 with an increase of 14%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, canned meat imports soared to $X in 2021. In general, imports continue to indicate a noticeable contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of canned meat to Colombia, accounting for a 78% share of total imports. Moreover, canned meat imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.1% per year) and Spain (+18.2% per year).

In value terms, Chile ($X), the United States ($X) and Spain ($X) appeared to be the largest canned meat suppliers to Colombia, together comprising 93% of total imports. Panama lagged somewhat behind, accounting for a further 3.8%.

Panama, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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