Colombia: Quinoa Market 2025

Quinoa Market Size in Colombia

The Colombian quinoa market dropped to $X in 2021, with a decrease of -11.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed mild growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Quinoa Exports

Exports from Colombia

After two years of growth, shipments abroad of quinoa decreased by -60.4% to X tons in 2021. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 211%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, quinoa exports soared to $X in 2021. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 354%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for quinoa exports from Colombia, with a 58% share of total exports. Moreover, quinoa exports to Guatemala exceeded the volume sent to the second major destination, Panama (X tons), threefold. The third position in this ranking was taken by Costa Rica (X tons), with a 13% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to Guatemala totaled +456.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+436.6% per year) and Costa Rica (+103.1% per year).

In value terms, the largest markets for quinoa exported from Colombia were Guatemala ($X), Panama ($X) and Costa Rica ($X), with a combined 90% share of total exports.

Panama, with a CAGR of +437.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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 quinoa export price stood at $X per ton in 2021, with an increase of 224% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1,782.7%), while the prices for the other major destinations experienced more modest paces of growth.

Quinoa Imports

Imports into Colombia

In 2021, the amount of quinoa imported into Colombia shrank remarkably to X tons, waning by -31.7% against 2020 figures. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 167%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, quinoa imports dropped rapidly to $X in 2021. Overall, imports, however, showed a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 118% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Bolivia (X tons) constituted the largest quinoa supplier to Colombia, accounting for a 71% share of total imports. Moreover, quinoa imports from Bolivia exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bolivia stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-9.4% per year) and Peru (+62.5% per year).

In value terms, Bolivia ($X) constituted the largest supplier of quinoa to Colombia, comprising 76% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bolivia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-18.4% per year) and Peru (+32.8% per year).

Import Prices by Country

The average quinoa import price stood at $X per ton in 2021, shrinking by -7.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bolivia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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