Colombia: Wheat Bran Market 2024

Wheat Bran Market Size in Colombia

The Colombian wheat bran market reached $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Wheat bran consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wheat Bran Production in Colombia

In value terms, wheat bran production amounted to $X in 2022 estimated in export price. Overall, the total production indicated slight growth 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 increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Wheat Bran Exports

Exports from Colombia

In 2022, shipments abroad of wheat bran increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wheat bran exports surged to $X in 2022. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for wheat bran exports from Colombia, accounting for a X% share of total exports. Moreover, wheat bran exports to Costa Rica exceeded the volume sent to the second major destination, Curacao (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica was relatively modest.

In value terms, Costa Rica ($X) emerged as the key foreign market for wheat bran exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Curacao ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica was relatively modest.

Export Prices by Country

The average wheat bran export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, posted temperate growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to Costa Rica totaled $X per ton.

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

Wheat Bran Imports

Imports into Colombia

Wheat bran imports into Colombia soared to X tons in 2022, increasing by X% against the previous year's figure. Overall, imports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheat bran imports surged to $X in 2022. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest wheat bran supplier to Colombia, accounting for a X% share of total imports. Moreover, wheat bran imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the Dominican Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Costa Rica (X% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of wheat bran to Colombia, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Dominican Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Costa Rica (X% per year).

Import Prices by Country

In 2022, the average wheat bran import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price 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, wheat bran import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Costa Rica ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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