Colombia: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Colombia

The Colombian non-wheat flour market fell to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption, however, continues to indicate a mild decrease. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Wheat Flour Production in Colombia

In value terms, non-wheat flour production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Non-Wheat Flour Exports

Exports from Colombia

In 2021, overseas shipments of non-wheat flours increased by 17% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 72%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, non-wheat flour exports rose sharply to $X in 2021. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 88% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Chile (X tons), Ecuador (X tons) and the United States (X tons) were the main destinations of non-wheat flour exports from Colombia, together comprising 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +61.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat flour exported from Colombia were Chile ($X), Ecuador ($X) and the United States ($X), together accounting for 75% of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +54.6%, saw the highest rates of growth with regard to 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

In 2021, the average non-wheat flour export price amounted to $X per ton, declining by -8.7% against the previous year. In general, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.3%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the average price for exports to Ecuador ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.6%), while the prices for the other major destinations experienced a decline.

Non-Wheat Flour Imports

Imports into Colombia

In 2021, imports of non-wheat flours into Colombia contracted to X tons, waning by -13.1% compared with the previous year's figure. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.7% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by 46%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, non-wheat flour imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Guyana (X tons) constituted the largest supplier of non-wheat flour to Colombia, accounting for a 53% share of total imports. Moreover, non-wheat flour imports from Guyana exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Guyana totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-0.7% per year) and the United States (+3.7% per year).

In value terms, the largest non-wheat flour suppliers to Colombia were the United States ($X), Chile ($X) and Guyana ($X), with a combined 77% share of total imports. Panama lagged somewhat behind, accounting for a further 4.8%.

In terms of the main suppliers, Panama, with a CAGR of +72.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-wheat flour import price amounted to $X per ton, growing by 41% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Guyana ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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