Colombia: Yams Market 2024

Yams Market Size in Colombia

The Colombian yams market shrank slightly to $X in 2022, declining by -2.5% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Yams Production in Colombia

In value terms, yams production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

The average yield of yams in Colombia stood at X tons per ha in 2022, approximately equating the previous year. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, the average yams yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of yams were harvested in Colombia; remaining constant against 2021. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. The yams harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Yams Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in overseas shipments of yams, when their volume decreased by -5.4% to X tons. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 155% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, yams exports expanded notably to $X in 2022. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 153% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for yams exports from Colombia, accounting for a 98% share of total exports. It was followed by the Netherlands (X tons), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +21.7%.

In value terms, the United States ($X) remains the key foreign market for yams exports from Colombia, comprising 98% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +19.7%.

Export Prices by Country

In 2022, the average yams export price amounted to $X per ton, increasing by 12% against the previous year. In general, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.7%).

Yams Imports

Imports into Colombia

In 2022, approx. X tons of yams were imported into Colombia; which is down by -21% against the previous year. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 217%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, yams imports fell dramatically to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 262%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Costa Rica (X tons) was the main supplier of yams to Colombia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Costa Rica stood at +14.5%.

In value terms, Costa Rica ($X) constituted the largest supplier of yams to Colombia.

From 2012 to 2022, the average annual growth rate of value from Costa Rica totaled +11.3%.

Import Prices by Country

The average yams import price stood at $X per ton in 2022, shrinking by -12.5% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 77%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -2.8% per year.

Source: IndexBox Platform

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