Report Update Nov 1, 2024

Colombia - Salmon (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Preserved Salmon Market 2024

Preserved Salmon Market Size in Colombia

After five years of decline, the Colombian preserved salmon market increased by 2.6% to $X in 2021. Over the period under review, consumption, however, saw a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Preserved Salmon Production in Colombia

In value terms, preserved salmon production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 12%. Preserved salmon production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Salmon Exports

Exports from Colombia

In 2021, exports of salmon (prepared or preserved) from Colombia totaled X kg, almost unchanged from 2020. Overall, exports continue to indicate a sharp downturn. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, preserved salmon exports stood at $X in 2021. In general, exports showed a dramatic setback. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for preserved salmon exports from Colombia, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Venezuela was relatively modest.

From 2013 to 2021, the average annual growth rate of value to Venezuela was relatively modest.

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2013 to 2021, the rate of growth in terms of prices for Costa Rica amounted to 0.0% per year.

Preserved Salmon Imports

Imports into Colombia

In 2021, overseas purchases of salmon (prepared or preserved) decreased by -33.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 291% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved salmon imports declined remarkably to $X in 2021. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 311%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) was the main supplier of preserved salmon to Colombia, accounting for a 92% share of total imports. Moreover, preserved salmon imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.8% per year) and the UK (-5.9% per year).

In value terms, Chile ($X) constituted the largest supplier of salmon (prepared or preserved) to Colombia, comprising 92% of total imports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Chile stood at +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.2% per year) and the UK (-1.8% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salmon (prepared or preserved) in the world?

The country with the largest volume of preserved salmon consumption was Norway, comprising approx. 60% of total volume. Moreover, preserved salmon consumption in Norway exceeded the figures recorded by the second-largest consumer, China, eightfold. The third position in this ranking was occupied by the United States, with a 4% share.

What are the largest producers of salmon (prepared or preserved) in the world?

Norway constituted the country with the largest volume of preserved salmon production, accounting for 61% of total volume. Moreover, preserved salmon production in Norway exceeded the figures recorded by the second-largest producer, China, eightfold. The third position in this ranking was occupied by the United States, with a 4.3% share.

What are the leading suppliers of salmon (prepared or preserved) to Colombia?

In value terms, Chile constituted the largest supplier of preserved salmon to Colombia, comprising 68% of total imports. The second position in the ranking was occupied by the United States, with a 29% share of total imports. It was followed by the UK, with a 3.6% share.

What is the average import price for salmon (prepared or preserved) in Colombia?

The average preserved salmon import price stood at $9,864 per ton in 2021, increasing by 20% against the previous year.

This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)

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