Report Update Feb 1, 2025

Colombia - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Sugar Beet Market 2025

Sugar Beet Market Size in Colombia

The Colombian sugar beet market stood at $X in 2022, approximately equating the previous year. In general, consumption, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.6% against the previous year. Sugar beet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Beet Production in Colombia

In value terms, sugar beet production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of sugar beet in Colombia stood at X tons per ha in 2022, approximately equating the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 5.2% against the previous year. The sugar beet yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar beet in Colombia dropped modestly to X ha, standing approx. at 2021 figures. Overall, the harvested area continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 3% against the previous year. Over the period under review, the harvested area dedicated to sugar beet production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Beet Exports

Exports from Colombia

In 2022, after four years of growth, there was significant decline in shipments abroad of sugar beet, when their volume decreased by -19% to X tons. Over the period under review, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 502% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar beet exports contracted markedly to $X in 2022. Overall, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 422%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Curacao (X tons) was the main destination for sugar beet exports from Colombia, accounting for a 73% share of total exports. Moreover, sugar beet exports to Curacao exceeded the volume sent to the second major destination, Aruba (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Curacao totaled +25.3%.

In value terms, Curacao ($X) and Aruba ($X) were the largest markets for sugar beet exported from Colombia worldwide.

Curacao, with a CAGR of +23.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2022, picking up by 2.3% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 108%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Curacao stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (-1.3%).

Sugar Beet Imports

Imports into Colombia

In 2022, approx. X kg of sugar beet were imported into Colombia; approximately mirroring the previous year's figure. Overall, imports recorded a dramatic downturn. The smallest decline of 99.9% was in 2021. Imports peaked at X kg in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sugar beet imports amounted to $X in 2022. In general, imports faced a sharp downturn. The smallest decline of 99.9% was in 2021. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X kg) was the main supplier of sugar beet to Colombia, accounting for a approx. 100% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of sugar beet to Colombia.

From 2020 to 2022, the average annual rate of growth in terms of value from Turkey was relatively modest.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2020 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar beet in the world?

The countries with the highest volumes of sugar beet consumption in 2020 were Russia, the United States and Germany, together accounting for 37% of global consumption. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the largest producers of sugar beet in the world?

The countries with the highest volumes of sugar beet production in 2020 were Russia, the United States and Germany, with a combined 37% share of global production. France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium lagged somewhat behind, together accounting for a further 48%.

What are the leading suppliers of sugar beet to Colombia?

In value terms, Spain $259) constituted the largest supplier of sugar beet to Colombia.

What are the leading importers of sugar beet from Colombia?

In value terms, the largest markets for sugar beet exported from Colombia were Aruba and Curacao.

What is the average export price for sugar beet in Colombia?

In 2020, the average sugar beet export price amounted to $451 per ton, picking up by 28% against the previous year.

What is the average import price for sugar beet in Colombia?

In 2020, the average sugar beet import price amounted to $1,811 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the sugar beet 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:

FCL 157 - Sugar beet

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024