Colombia: Pulses Market 2024

Pulses Market Size in Colombia

The Colombian pulses market soared to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Pulses Production in Colombia

In value terms, pulses production rose sharply to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of pulses in Colombia stood at X tons per ha in 2022, standing approx. at 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average pulses 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 total area harvested in terms of pulses production in Colombia totaled X ha, picking up by X% compared with the year before. In general, the harvested area, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pulses production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Pulses Exports

Exports from Colombia

In 2022, the amount of pulses exported from Colombia surged to X tons, picking up by X% compared with 2021. Overall, exports recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, pulses exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Venezuela (X tons), the United States (X tons) and Costa Rica (X tons) were the main destinations of pulses exports from Colombia, together accounting for X% of total exports. Curacao, Spain and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Curacao (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Venezuela ($X) and Spain ($X) appeared to be the largest markets for pulses exported from Colombia worldwide, together accounting for X% of total exports. Costa Rica, Curacao and Italy lagged somewhat behind, together accounting for a further X%.

Curacao, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pulses export price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Spain ($X per ton), while the average price for exports to Costa Rica ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Colombia

In 2022, approx. X tons of pulses were imported into Colombia; picking up by X% against the previous year. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, pulses imports soared to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest pulses supplier to Colombia, accounting for a X% share of total imports. Moreover, pulses imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

In value terms, Canada ($X) constituted the largest supplier of pulses to Colombia, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pulses import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Ecuador ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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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