Colombia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Colombia

The Colombian pasta and couscous market dropped to $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.5% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Colombia

In value terms, pasta and couscous production reduced to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from Colombia

Pasta and couscous exports from Colombia soared to X tons in 2022, with an increase of 40% compared with the previous year's figure. Overall, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 75% 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 lower figure.

In value terms, pasta and couscous exports soared to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2015 with an increase of 67%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Aruba (X tons) and France (X tons) were the main destinations of pasta and couscous exports from Colombia, together accounting for 84% of total exports. Panama, Chile and Guyana lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +12.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Aruba ($X) emerged as the key foreign market for stuffed pasta and couscous exports from Colombia, comprising 43% of total exports. The second position in the ranking was taken by Panama ($X), with a 21% share of total exports. It was followed by the United States, with a 20% share.

From 2012 to 2022, the average annual growth rate of value to Aruba amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+10.1% per year) and the United States (-2.9% per year).

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, shrinking by -10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 an increase of 21% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Guyana ($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 Panama (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Colombia

In 2022, supplies from abroad of stuffed pasta and couscous decreased by -2.3% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 83% against the previous year. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, pasta and couscous imports declined to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 115%. Imports peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of pasta and couscous to Colombia, accounting for a 52% share of total imports. Moreover, pasta and couscous imports from Brazil exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. Thailand (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +58.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.8% per year) and Thailand (+13.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of stuffed pasta and couscous to Colombia, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of total imports. It was followed by the United States, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +63.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.5% per year) and the United States (+3.1% per year).

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, which is down by -1.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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