Colombia: Mixed Juices Market 2024

Mixed Juices Market Size in Colombia

The Colombian mixed juices market declined to $X in 2022, with a decrease of -2.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Mixed Juices Production in Colombia

In value terms, mixed juices production contracted modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Mixed Juices Exports

Exports from Colombia

In 2022, the amount of mixtures of fruit and vegetable juices exported from Colombia declined sharply to X tons, which is down by -30% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 154% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports dropped significantly to $X in 2022. In general, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2014 with an increase of 172%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Canada (X tons) and Jamaica (X tons) were the main destinations of mixed juices exports from Colombia, with a combined 86% 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 Jamaica (with a CAGR of +8.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Jamaica ($X) appeared to be the largest markets for mixed juices exported from Colombia worldwide, together comprising 79% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +5.2%, 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 mixed juices export price stood at $X per ton in 2022, surging by 3.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Jamaica ($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 Trinidad and Tobago (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Juices Imports

Imports into Colombia

Mixed juices imports into Colombia fell to X tons in 2022, with a decrease of -12.9% against the previous year's figure. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 192%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, mixed juices imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by 116%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of mixed juices to Colombia, with a 79% share of total imports. Moreover, mixed juices imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+24.1% per year) and South Africa (+101.2% per year).

In value terms, the United States ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Colombia, comprising 84% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.4% share of total imports. It was followed by South Africa, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.3% per year) and South Africa (+53.3% per year).

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, dropping by -3.3% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 10%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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