Colombia: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Colombia

In 2021, after two years of decline, there was growth in the Colombian uncooked pasta market, when its value increased by 3.7% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Uncooked Pasta Production in Colombia

In value terms, uncooked pasta production rose remarkably to $X in 2021 estimated in export price. Overall, production showed a mild contraction. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Uncooked Pasta Exports

Exports from Colombia

For the third year in a row, Colombia recorded growth in overseas shipments of uncooked pasta, which increased by 22% to X tons in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 582% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, uncooked pasta exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 441% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta exports from Colombia, with a 52% share of total exports. Moreover, uncooked pasta exports to the United States exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. Panama (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +165.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+60.8% per year) and Panama (+154.5% per year).

In value terms, the United States ($X) remains the key foreign market for uncooked pasta exports from Colombia, comprising 41% of total exports. The second position in the ranking was taken by Chile ($X), with an 18% share of total exports. It was followed by Cuba, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +131.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+41.2% per year) and Cuba (+578.6% per year).

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, surging by 5.7% against the previous year. Overall, the export price, however, saw a perceptible descent. The growth pace was the most rapid in 2014 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Panama ($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 Free Zones (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Colombia

After five years of growth, purchases abroad of uncooked pasta decreased by -5.5% to X tons in 2021. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 30%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, uncooked pasta imports rose sharply to $X in 2021. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 23%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta to Colombia, with a 65% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Slovenia (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.6% per year) and Slovenia (+104.9% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to Colombia, comprising 68% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by Slovenia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.1% per year) and Slovenia (+107.6% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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