Report Update Nov 1, 2024

Colombia - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Potato Starch Market 2024

Potato Starch Market Size in Colombia

The Colombian potato starch market was estimated at $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption, however, posted a buoyant expansion. Potato starch consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Potato Starch Production in Colombia

In value terms, potato starch production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Colombia

In 2019, potato starch exports from Colombia was estimated at X kg, leveling off at the previous year. In general, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2014 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2019, the growth of the exports failed to regain momentum.

In value terms, potato starch exports stood at $X in 2019. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 69%. As a result, the exports attained the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for potato starch exports from Colombia, with a 89% share of total exports. Moreover, potato starch exports to Aruba exceeded the volume sent to the second major destination, Peru (X kg), eightfold.

From 2013 to 2019, the average annual growth rate of volume to Aruba was relatively modest.

From 2013 to 2019, the average annual growth rate of value to Aruba was relatively modest.

Export Prices by Country

In 2019, the average potato starch export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price posted resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Colombia

In 2021, supplies from abroad of potato starch was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Mexico (X tons) and Germany (X tons) were the main suppliers of potato starch imports to Colombia, together comprising 49% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Mexico ($X) constituted the largest potato starch suppliers to Colombia, with a combined 51% share of total imports.

Poland, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 potato starch import price amounted to $X per ton, waning by -29.5% against the previous year. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and France ($X per ton), while the price for Austria ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato starch in the world?

China constituted the country with the largest volume of potato starch consumption, accounting for 19% of total volume. Moreover, potato starch consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of potato starch in the world?

China constituted the country with the largest volume of potato starch production, accounting for 19% of total volume. Moreover, potato starch production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the leading suppliers of potato starch to Colombia?

In value terms, the largest potato starch suppliers to Colombia were Germany, Mexico and Poland, together accounting for 73% of total imports.

What is the average export price for potato starch in Colombia?

In 2019, the average potato starch export price amounted to $2,841 per ton, approximately mirroring the previous year.

What is the average import price for potato starch in Colombia?

In 2021, the average potato starch import price amounted to $886 per ton, surging by 13% against the previous year.

This report provides an in-depth analysis of the potato starch market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621115 - Potato starch

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023