Colombia: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Colombia

In 2021, the Colombian market for uncooked pasta (not containing eggs) decreased by -3.9% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Uncooked pasta (not containing eggs) consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in Colombia

In value terms, uncooked pasta (not containing eggs) production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Colombia

For the third consecutive year, Colombia recorded growth in shipments abroad of uncooked pasta (not containing eggs), which increased by 23% to X tons in 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 582% against the previous year. The exports peaked at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, uncooked pasta (not containing eggs) exports soared to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 441% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Colombia, accounting for a 52% share of total exports. Moreover, uncooked pasta (not containing eggs) 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 amounted to +68.9%. 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 ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Colombia, comprising 41% of total exports. The second position in the ranking was held by Chile ($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 totaled +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+41.1% per year) and Cuba (+94.3% per year).

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, picking up by 6.1% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 an increase of 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Colombia

After five years of growth, purchases abroad of uncooked pasta (not containing eggs) decreased by -9.6% to X tons in 2021. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, uncooked pasta (not containing eggs) imports expanded rapidly to $X in 2021. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 36%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to Colombia, accounting for a 79% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), sevenfold. The third position in this ranking was taken by Mexico (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+104.9% per year) and Mexico (+27.7% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Colombia, comprising 80% of total imports. The second position in the ranking was taken by Slovenia ($X), with an 8.5% share of total imports. It was followed by Mexico, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+107.6% per year) and Mexico (+28.3% per year).

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, with an increase of 19% against the previous year. Overall, the import price, however, saw a pronounced contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Peru ($X per ton), while the price for Mexico ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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