Colombia: Vinegar Market 2024

Vinegar Market Size in Colombia

The Colombian vinegar market totaled $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vinegar Production in Colombia

In value terms, vinegar production reached $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Vinegar production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vinegar Exports

Exports from Colombia

In 2022, exports of vinegar from Colombia surged to X tons, increasing by X% on 2021 figures. In general, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vinegar exports reduced modestly to $X in 2022. Overall, exports continue to indicate pronounced growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Curacao (X tons), Ecuador (X tons) and the United States (X tons) were the main destinations of vinegar exports from Colombia, with a combined X% share of total exports. Venezuela and Aruba lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Curacao ($X) and Venezuela ($X) were the largest markets for vinegar exported from Colombia worldwide, with a combined X% share of total exports.

Venezuela, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vinegar export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar Imports

Imports into Colombia

For the third consecutive year, Colombia recorded growth in overseas purchases of vinegar, which increased by X% to X tons in 2022. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vinegar imports soared to $X in 2022. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Italy (X tons) and Panama (X tons) were the main suppliers of vinegar imports to Colombia, together accounting for X% of total imports.

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

In value terms, the largest vinegar suppliers to Colombia were Italy ($X), the United States ($X) and Spain ($X), with a combined X% share of total imports. China, France and Panama lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vinegar import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Panama ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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