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Colombia - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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Sweet Potato Market Size in Colombia
After four years of growth, the Colombian sweet potato market decreased by -8.3% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 9.7%. Sweet potato consumption peaked at $X in 2020, and then declined in the following year.
Sweet Potato Production in Colombia
In value terms, sweet potato production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.
In 2021, the average sweet potato yield in Colombia was estimated at less than X kg per ha, standing approx. at 2020 figures. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The sweet potato harvested area in Colombia amounted to less than X ha in 2021, leveling off at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.
Sweet Potato Exports
Exports from Colombia
In 2021, shipments abroad of sweet potatoes increased by 2,918% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted modest growth. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, sweet potato exports soared to $X in 2021. Overall, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
The United States (X tons), Australia (X tons) and Panama (X tons) were the main destinations of sweet potato exports from Colombia.
From 2012 to 2021, the biggest increases were recorded for Curacao (with a CAGR of +77.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), Australia ($X) and Panama ($X) constituted the largest markets for sweet potato exported from Colombia worldwide.
Curacao, with a CAGR of +96.9%, 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 sweet potato export price stood at $X per ton in 2021, rising by 80% against the previous year. Over the period under review, the export price saw strong growth. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Sweet Potato Imports
Imports into Colombia
In 2021, the amount of sweet potatoes imported into Colombia stood at X kg, approximately mirroring the previous year's figure. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2015 with an increase of 1,130% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, sweet potato imports totaled $X in 2021. Over the period under review, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of 172%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
Imports by Country
The Dominican Republic (X kg), the United States (X kg) and Peru (X kg) were the main suppliers of sweet potato imports to Colombia.
From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +1.0%), while purchases for the other leaders experienced a decline.
In value terms, the United States ($X) constituted the largest supplier of sweet potatoes to Colombia, comprising 534% of total imports. The second position in the ranking was taken by Peru ($X), with a 95% share of total imports. It was followed by Costa Rica, with a 19% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+5.7% per year) and Costa Rica (-3.4% per year).
Import Prices by Country
The average sweet potato import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 3,004%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for the Dominican Republic ($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 United States (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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