Colombia: Papaya Market 2024

Papaya Market Size in Colombia

The Colombian papaya market reached $X in 2022, increasing by 7.9% against the previous year. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Papaya Production in Colombia

In value terms, papaya production totaled $X in 2022 estimated in export price. Over the period under review, production showed notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average papaya yield in Colombia expanded remarkably to X tons per ha, growing by 14% against 2021 figures. Overall, the yield, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2020 when the yield increased by 27% against the previous year. The papaya yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the 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 papaya harvested area in Colombia expanded modestly to X ha, growing by 2.6% compared with the previous year. In general, the total harvested area indicated a tangible expansion from 2012 to 2022: its figure increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, papaya harvested area decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 32%. The papaya harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Papaya Exports

Exports from Colombia

In 2022, papaya exports from Colombia amounted to X tons, with an increase of 11% on 2021 figures. In general, exports posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 222% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, papaya exports rose slightly to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 308% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Curacao (X tons) was the main destination for papaya exports from Colombia, with a 54% share of total exports. Moreover, papaya exports to Curacao exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Ecuador (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Curacao totaled +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+84.9% per year) and Ecuador (+4.4% per year).

In value terms, Ecuador ($X) remains the key foreign market for papayas exports from Colombia, comprising 53% of total exports. The second position in the ranking was held by Curacao ($X), with a 19% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+33.7% per year) and the UK (+53.7% per year).

Export Prices by Country

In 2022, the average papaya export price amounted to $X per ton, dropping by -6.2% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 101% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Curacao ($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 (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

Papaya Imports

Imports into Colombia

In 2022, supplies from abroad of papayas decreased by -47.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,301%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank significantly in the following year.

In value terms, papaya imports declined sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 929% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

Costa Rica (X tons) and Ecuador (X tons) were the main suppliers of papaya imports to Colombia.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +20.6%).

In value terms, Costa Rica ($X) constituted the largest supplier of papayas to Colombia, comprising 91% of total imports. The second position in the ranking was held by Ecuador ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica stood at +11.4%.

Import Prices by Country

In 2022, the average papaya import price amounted to $X per ton, growing by 5.1% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 118%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Costa Rica ($X per ton), while the price for Ecuador amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-7.3%).

Source: IndexBox Platform

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