Report Update Nov 1, 2024

Colombia - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Tomato Juice Market 2024

Tomato Juice Market Size in Colombia

The Colombian tomato juice market dropped markedly to $X in 2022, with a decrease of -65% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a dramatic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tomato Juice Exports

Exports from Colombia

In 2022, tomato juice exports from Colombia soared to X tons, rising by 154% against the previous year's figure. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato juice exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X tons), the United States (X tons) and Switzerland (X kg) were the main destinations of tomato juice exports from Colombia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Aruba (with a CAGR of +60.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tomato juice exports from Colombia, comprising 83% of total exports. The second position in the ranking was held by Aruba ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+25.5% per year) and Switzerland (-14.8% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, which is down by -24.5% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to Aruba ($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 the United States (-3.0%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Colombia

In 2022, the amount of tomato juice imported into Colombia fell rapidly to X tons, declining by -26.8% compared with 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 202%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports reduced notably to $X in 2022. In general, imports faced a sharp contraction. The growth pace was the most rapid in 2019 with an increase of 238%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest tomato juice supplier to Colombia, with a 54% share of total imports. Moreover, tomato juice imports from Canada exceeded the figures recorded by the second-largest supplier, Panama (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-3.3% per year) and the United States (-28.1% per year).

In value terms, the largest tomato juice suppliers to Colombia were the United States ($X), Canada ($X) and Panama ($X), with a combined 88% share of total imports.

Among the main suppliers, Canada, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, reducing by -4.9% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato juice in the world?

The countries with the highest volumes of tomato juice consumption in 2021 were Russia, India and Japan, with a combined 53% share of global consumption.

What are the largest producers of tomato juice in the world?

The countries with the highest volumes of tomato juice production in 2021 were Russia, India and Japan, with a combined 52% share of global production. These countries were followed by Canada, Spain, France, the UK, Italy, Afghanistan, China, Turkey and Kenya, which together accounted for a further 32%.

What are the leading suppliers of tomato juice to Colombia?

In value terms, the United States constituted the largest supplier of tomato juice to Colombia, comprising 80% of total imports. The second position in the ranking was occupied by Panama, with a 14% share of total imports. It was followed by the UK, with a 3.9% share.

What are the leading importers of tomato juice from Colombia?

In value terms, the United States emerged as the key foreign market for tomato juice exports from Colombia, comprising 92% of total exports. The second position in the ranking was occupied by Aruba $206), with a 7.8% share of total exports.

What is the average export price for tomato juice in Colombia?

The average tomato juice export price stood at $1,348 per ton in 2021, with an increase of 14% against the previous year.

What is the average import price for tomato juice in Colombia?

The average tomato juice import price stood at $1,308 per ton in 2021, which is down by -25.5% against the previous year.

This report provides an in-depth analysis of the tomato juice 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 390 - Juice of Tomatoes

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