Russia Is the Major Foreign Market for Colombian Beef

Cattle And Buffaloes June 29, 2018
Colombia - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "Colombia: Beef (Cattle Meat) - Market Report. Analysis And Forecast To •••". Here is a summary of the report’s key findings.

Cattle Meat Consumption Contracted Slightly

In wholesale prices, the Colombian cattle meat market accounted for $••• in 2016, which approx. reflected the level of the previous year. It reduced sharply from 2012 to 2015, due to a decline in producer prices, following a period of steady growth over the previous three years. In physical terms, consumption remained relatively stable over the last five years with only mild fluctuations, totalling ••• tonnes in 2016, •••% less than the previous year (IndexBox estimates). The slight decline in consumption can be explained by the negative impact exerted by several economic factors, such as high unemployment, poor consumer confidence and tax reform, resulting in reduced consumer spending, also on cattle meat.

Modest Consumption Growth with Regard to Cattle Meat Is Forecast in Colombia 

Beef is a staple food in Colombia, where per capita consumption averages ••• kg; this figure is significantly higher than the global average. The Colombian beef (cattle meat) market is fully supplied by domestic production. This is feasible as a result of the country’s high volume of available grazing pasture areas, favourable climatic conditions, and sizeable livestock herds with a sound genetic lineage; Colombia also boasts a strong tradition of raising livestock. Beef cattle meat production is an established industry in Colombia and no significant changes in cattle meat consumption are anticipated in the immediate term. Population growth and increased household income, therefore, are set to be the main impetus factors spurring market development. 

Colombia's rate of economic growth is expected to accelerate in the near future: an improved labour market, combined with the stabilization of the exchange rate and a weakening inflation rate will boost private consumption; a rise in oil prices will promote export growth. Household disposable income is set to increase, against improved economic performance and employment, thereby driving the increased consumption of cattle meat. 

Driven by population growth and an increase in disposable incomes due to the current economic recovery in Colombia, cattle meat consumption overall is expected to continue an upward consumption trend over the next nine year period. Market performance is forecast to accelerate, with an anticipated CAGR of +•••% for the period from 2016 to •••, which is expected to lead the market volume to ••• tonnes by •••.

Beef Production in Colombia Contracted due to Drought-induced Cattle Losses

From 2007 to 2016, Colombian cattle meat output totalled ••• tonnes in 2016. Production declined from 2009 to 2010, and then recovered over the next three years, with furher mild fluctuations though to 2016. Over the last year, the production volume contracted by •••%, due to a reduction in the numbers of animals being slaughtered for cattle meat production. The 2015 drought in Colombia, durng which a high volume of livestock perished, can be quoted as being the reason for the reduced output figures. 

Despite this, however, Colombia remains one of the key cattle meat producing regions in Latin America, second only in terms of volume of production to Brazil, Argentina and Mexico. In addition, production in Colombia is more profitable: according to data released in 2016, the average producer prices in Colombia appeared significantly lower than in the countries listed above; producer prices in the largest cattle meat producing region, namely the U.S., exceeded Colombian producer prices by approx. •••%. 

The Colombian Cattle Meat Market Remains Buoyed by the Domestic Supply

The Colombian cattle meat market remains completely supplied by domestic production and appears unreliant on imports. Colombia boasts its own production capability, which satisfies the relatively stable domestic market. A negligible volume of imports is supplied largely from the United States. The weakening of the Colombian peso over the 2013-2016 period resulted in a rise in the cost of imports, which, combined with adequate domestic production, buoyed the independence of the domestic cattle meat market in Colombia. 

Beef Imports into Colombia Remain Negligible

The volume of total beef imports in Colombia totalled ••• tonnes in 2016, which equated to $••• in value terms. After a sharp contraction observed in 2008, the volume of imports remained relatively stable from 2009-2015 and increased rapidly in 2016; this, however, remained insufficient for imports to attain their pre-crisis level of 2007. These figures remain insignificant in terms of the total market volume and, therefore, fail to make any tangible impact on the market.

The U.S. remains a key supplier of beef to Colombia, accounting for •••% of total imports in 2016. Paraguay (•••%) and Chile (•••%) lagged far behind in terms of the volume of imports, followed by Argentina (•••%) and Uruguay (•••%). 

From 2007 to 2016, the U.S. (+•••%) posted the highest rates of growth in terms of imports, but prior to 2012, supplies from the U.S. remained negligible. Conseqently, the share of the U.S. in terms of total imports increased by ••• percentage points from 2007-2016. By contrast, Argentina, which dominanted Colombian imports in 2007, and Paraguay dramatically lost their share in 2016, by -••• percentage points and -••• percentage points, respectively. 

Russia, Jordan, Curacao and Hong-Kong Constitute Major Foreign Markets for Colombian Beef

Colombia exported ••• tonnes of beef in 2016, which equated to $•••; this figure, however, accounted for less than •••% of the country’s output. The volume of exports was quite tangible prior to 2010, thanks to sizeable exports to Venezuela; these exports then ceased and the total figure fell abruptly that year to a negligible volume of ••• tonnes. The political tension between Colombia and Venezuela can be cited as the reason for this, caused in itself by apportioning blame to Venezuela for supporting illegal armed groups in Colombia. 

Exports then increased gradually through to 2016, with the only exception of a short-term peak in 2013. Since exports maintained only a small share in total output, they do not constitute a major driver of the beef industry.

In 2016, Russia (•••% of total exports) constituted the main destination for beef exports, followed by Jordan (•••%), Curacao (•••%) and Hong Kong (•••%). All these countries were not represented in the exports structure in 2007: after exports to Venezuela ceased in 2010, the geographical scope in terms of the foreign markets changed significantly.

Do you want to know more about the beed market in Colombia market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • beef market share
  • beef prices
  • beef industry
  • beef sales
  • beef import
  • beef export
  • beef market forecast
  • beef price forecast

Source: Colombia: Beef (Cattle Meat) - Market Report. Analysis And Forecast To •••

Product coverage: beef (cattle meat).

This report provides an in-depth analysis of the beef 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 2025.

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

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION, PRODUCING ANIMALS AND YIELD

8. IMPORTS
The Largest Import Supplying Countries
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
The Largest Destinations for Exports
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PRICES AND PRICE DEVELOPMENT
The Best Market Prices and Their Trend Patterns
10.1 PRODUCER PRICES
10.2 PRODUCER PRICES INDEX

11. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION


LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Yield And Growth
Figure 15: Exports And Growth
Figure 16: Export Prices And Growth
Figure 17: Market Size And Growth
Figure 18: Per Capita Consumption
Figure 19: Imports And Growth
Figure 20: Import Prices
Figure 21: Production, In Physical Terms, 2007–2017
Figure 22: Production, In Value Terms, 2007–2017
Figure 23: Producing Animals Slaughtered, 2007–2017
Figure 24: Yield, 2007–2017
Figure 25: Imports, In Physical Terms, 2007–2017
Figure 26: Imports, In Value Terms, 2007–2017
Figure 27: Imports, In Physical Terms, By Country, 2017
Figure 28: Imports, In Physical Terms, By Country, 2007–2017
Figure 29: Imports, In Value Terms, By Country, 2007–2017
Figure 30: Import Prices, By Country Of Origin, 2007–2017
Figure 31: Exports, In Physical Terms, 2007–2017
Figure 32: Exports, In Value Terms, 2007–2017
Figure 33: Exports, In Physical Terms, By Country, 2017
Figure 34: Exports, In Physical Terms, By Country, 2007–2017
Figure 35: Exports, In Value Terms, By Country, 2007–2017
Figure 36: Export Prices, By Country Of Destination, 2007–2017