Colombia: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in Colombia

The Colombian tapioca and substitutes market expanded to $X in 2021, rising by 2.3% against the previous year. Overall, consumption posted a strong increase. Tapioca and substitutes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tapioca And Substitutes Production in Colombia

In value terms, tapioca and substitutes production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Tapioca And Substitutes Exports

Exports from Colombia

In 2021, overseas shipments of tapioca and substitutes increased by 115% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tapioca and substitutes exports soared to $X in 2021. In general, exports, however, showed a deep slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for tapioca and substitutes exports from Colombia, with a 63% share of total exports. Moreover, tapioca and substitutes exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Aruba (X kg) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.2% per year) and Aruba (+4.7% per year).

In value terms, the UK ($X) remains the key foreign market for tapioca and substitutes exports from Colombia, comprising 51% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.7% per year) and Mexico (+14.6% per year).

Export Prices by Country

In 2021, the average tapioca and substitutes export price amounted to $X per ton, with an increase of 10% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapioca and substitutes export price increased by +105.3% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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 Mexico ($X per ton), while the average price for exports to the UK ($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 Mexico (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Colombia

After two years of decline, supplies from abroad of tapioca and substitutes increased by 42% to X tons in 2021. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 532% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, tapioca and substitutes imports soared to $X in 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 565% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest tapioca and substitutes supplier to Colombia, accounting for a 60% share of total imports. Moreover, tapioca and substitutes imports from Brazil exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+34.0% per year) and Thailand (+0.6% per year).

In value terms, the largest tapioca and substitutes suppliers to Colombia were Taiwan (Chinese) ($X), Brazil ($X) and Thailand ($X), with a combined 89% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +36.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tapioca and substitutes import price stood at $X per ton in 2021, surging by 9.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 44% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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