Colombia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Colombia

The Colombian tomato ketchup market totaled $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Tomato Ketchup Production in Colombia

In value terms, tomato ketchup production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Colombia

In 2022, approx. X tons of tomato ketchup and tomato sauces were exported from Colombia; with an increase of 9.8% on 2021 figures. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports decreased by -8.0% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports expanded rapidly to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 112% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons) was the main destination for tomato ketchup exports from Colombia, with a 46% share of total exports. Moreover, tomato ketchup exports to Free Zones exceeded the volume sent to the second major destination, Curacao (X tons), fourfold. The third position in this ranking was held by Venezuela (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at +52.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+6.8% per year) and Venezuela (+4.4% per year).

In value terms, Free Zones ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Colombia, comprising 32% of total exports. The second position in the ranking was taken by Curacao ($X), with a 13% share of total exports. It was followed by Aruba, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+7.9% per year) and Aruba (+0.7% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, reducing by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the average price for exports to Bolivia ($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 Paraguay (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Colombia

In 2022, approx. X tons of tomato ketchup and tomato sauces were imported into Colombia; declining by -4.3% compared with the year before. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, tomato ketchup imports shrank to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 91% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

The United States (X tons), Italy (X tons) and Chile (X tons) were the main suppliers of tomato ketchup imports to Colombia, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup suppliers to Colombia were Italy ($X), the United States ($X) and Chile ($X), together comprising 65% of total imports.

Italy, with a CAGR of +22.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, waning by -2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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 Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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