Report Update Nov 1, 2024

Colombia - Wheat Starch - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Wheat Starch Market 2024

Wheat Starch Market Size in Colombia

In 2021, the Colombian wheat starch market decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.5% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Wheat Starch Production in Colombia

In value terms, wheat starch production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 23%. Wheat starch production peaked at $X in 2020, and then shrank in the following year.

Wheat Starch Exports

Exports from Colombia

Wheat starch exports from Colombia soared to X kg in 2021, with an increase of 102% compared with 2020. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 594%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, wheat starch exports soared to $X in 2021. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Aruba (X kg) was the main destination for wheat starch exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Aruba totaled +52.5%.

In value terms, Aruba ($X) also remains the key foreign market for wheat starch exports from Colombia.

From 2012 to 2021, the average annual growth rate of value to Aruba amounted to +113.1%.

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2021, rising by 90% against the previous year. In general, the export price showed a slight increase. The most prominent rate of growth was recorded in 2015 an increase of 145% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to +40.0% per year.

Wheat Starch Imports

Imports into Colombia

In 2021, the amount of wheat starch imported into Colombia skyrocketed to X tons, picking up by 37% compared with the year before. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheat starch imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +124.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of wheat starch to Colombia, accounting for a 79% share of total imports. Moreover, wheat starch imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold. The third position in this ranking was held by Hungary (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+70.4% per year) and Hungary (+61.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of wheat starch to Colombia, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by China, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+51.2% per year) and China (-9.5% per year).

Import Prices by Country

The average wheat starch import price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the import price, however, saw a perceptible slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat starch in the world?

China constituted the country with the largest volume of wheat starch consumption, accounting for 16% of total volume. Moreover, wheat starch consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Germany, with a 4.6% share.

What are the largest producers of wheat starch in the world?

The country with the largest volume of wheat starch production was China, comprising approx. 16% of total volume. Moreover, wheat starch production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of wheat starch to Colombia?

In value terms, Argentina constituted the largest supplier of wheat starch to Colombia, comprising 74% of total imports. The second position in the ranking was occupied by Canada, with a 16% share of total imports. It was followed by China, with a 3.8% share.

What is the average export price for wheat starch in Colombia?

The average wheat starch export price stood at $1,186 per ton in 2020, approximately reflecting the previous year.

What is the average import price for wheat starch in Colombia?

In 2021, the average wheat starch import price amounted to $396 per ton, falling by -2% against the previous year.

This report provides an in-depth analysis of the wheat starch market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621111 - Wheat starch

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023