Colombia: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Colombia

In 2022, the Colombian market for pasta stuffed with meat, fish and cheese decreased by -2.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a pronounced downturn. Meat, fish or cheese pasta consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Colombia

In 2022, shipments abroad of pasta stuffed with meat, fish and cheese was finally on the rise to reach X kg after six years of decline. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 226% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat, fish or cheese pasta exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2015 when exports increased by 173%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Aruba (X kg) and the United States (X kg) were the main destinations of meat, fish or cheese pasta exports from Colombia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +54.4%).

In value terms, Aruba ($X) remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Colombia, comprising 96% of total exports. The second position in the ranking was held by the United States ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba amounted to +8.0%.

Export Prices by Country

The average export price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2020 an increase of 91%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Colombia

In 2022, approx. X tons of pasta stuffed with meat, fish and cheese were imported into Colombia; picking up by 3.5% against 2021. Overall, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta imports reduced slightly to $X in 2022. In general, imports, however, showed a slight downturn. The growth pace was the most rapid in 2018 with an increase of 101% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest meat, fish or cheese pasta supplier to Colombia, accounting for a 36% share of total imports. Moreover, meat, fish or cheese pasta imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and China (-3.2% per year).

In value terms, the largest meat, fish or cheese pasta suppliers to Colombia were Italy ($X), the United States ($X) and China ($X), together comprising 57% of total imports.

Among the main suppliers, the United States, with a CAGR of +6.5%, 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 a decline.

Import Prices by Country

The average import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, falling by -8.1% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat, fish or cheese pasta import price increased by +9.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 45%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while the price for China ($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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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