Colombia: Root And Tuber Market 2024

Root And Tuber Market Size in Colombia

The Colombian root and tuber market dropped to $X in 2022, remaining constant against the previous year. In general, consumption, however, recorded a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Colombia

In value terms, root and tuber production fell to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Root and tuber production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of roots and tubers in Colombia contracted to X tons per ha, leveling off at 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average root and tuber yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in Colombia was estimated at X ha, increasing by X% on the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of X%. The root and tuber harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Colombia

After two years of growth, shipments abroad of roots and tubers decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined significantly in the following year.

In value terms, root and tuber exports contracted rapidly to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for root and tuber exports from Colombia, accounting for a X% share of total exports. It was followed by Ecuador (X tons), with a X% share of total exports. Aruba (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Aruba (X% per year).

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Aruba, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Aruba (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Aruba ($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 Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Colombia

In 2022, the amount of roots and tubers imported into Colombia contracted remarkably to X tons, waning by X% against the previous year. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, root and tuber imports declined sharply to $X in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ecuador (X tons) and Spain (X tons) were the main suppliers of root and tuber imports to Colombia.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%).

In value terms, Spain ($X) and Ecuador ($X) appeared to be the largest root and tuber suppliers to Colombia.

In terms of the main suppliers, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Ecuador totaled $X per ton.

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

Source: IndexBox Platform

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