Colombia - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Colombia - 2022
Contents:
- Breakfast Cereal Price in Colombia (CIF) - 2022
- Breakfast Cereal Price in Colombia (FOB) - 2022
- Breakfast Cereal Imports in Colombia
- Breakfast Cereal Exports in Colombia
Breakfast Cereal Price in Colombia (CIF) - 2022
The average breakfast cereal import price stood at $2,045 per ton in February 2022, shrinking by -18.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2022 when the average import price increased by 16% m-o-m. As a result, import price attained the peak level of $2,518 per ton, and then contracted sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,446 per ton), while the price for Turkey ($1,304 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Colombia (FOB) - 2022
In February 2022, the average breakfast cereal export price amounted to $2,626 per ton, declining by -9% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in May 2021 when the average export price increased by 37% m-o-m. As a result, the export price reached the peak level of $3,076 per ton. From June 2021 to February 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bolivia ($4,945 per ton), while the average price for exports to Ecuador ($1,930 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in Colombia
For the third consecutive year, Colombia recorded decline in purchases abroad of breakfast cereals, which decreased by -22.6% to 6.6K tons in 2022. Over the period under review, imports saw a deep reduction. The smallest decline of -13.3% was in 2021.
In value terms, breakfast cereal imports declined dramatically to $13M in 2022. In general, imports recorded a deep reduction. The smallest decline of -9.7% was in 2021.
| Import of Breakfast Cereal in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 4.5 | 4.5 | 5.2 | 3.8 | -5.5% |
| Mexico | 5.1 | 4.9 | 3.8 | 2.4 | -22.2% |
| United States | 4.2 | 3.5 | 3.5 | 1.7 | -26.0% |
| Trinidad and Tobago | 2.9 | 2.3 | 0.5 | 1.5 | -19.7% |
| Argentina | 2.0 | 0.7 | 1.0 | 1.0 | -20.6% |
| Germany | 2.1 | 1.3 | 1.3 | 0.9 | -24.6% |
| Others | 2.2 | 1.6 | 1.7 | 1.8 | -6.5% |
| Total | 22.9 | 18.8 | 17.0 | 13.1 | -17.0% |
Top Suppliers of Breakfast Cereal to Colombia in 2022:
- Chile (2150.4 tons)
- Mexico (1272.5 tons)
- Trinidad and Tobago (988.5 tons)
- United States (692.1 tons)
- Argentina (606.4 tons)
- Germany (316.3 tons)
Breakfast Cereal Exports in Colombia
In 2022, overseas shipments of breakfast cereals decreased by -8.2% to 6K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 7.3K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, breakfast cereal exports reduced sharply to $17M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $22M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Breakfast Cereal in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.0 | 7.1 | 6.3 | 8.7 | 20.3% |
| Peru | 2.8 | 4.1 | 5.1 | 2.7 | -1.2% |
| Ecuador | 2.6 | 3.1 | 2.5 | 1.5 | -16.8% |
| Bolivia | 2.0 | 2.7 | 2.4 | 1.2 | -15.7% |
| Panama | 1.1 | 1.5 | 1.0 | 0.7 | -14.0% |
| Mexico | N/A | N/A | N/A | 0.6 | 0% |
| United States | 0.7 | 1.4 | 1.6 | 0.6 | -5.0% |
| Brazil | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| Others | 1.5 | 1.7 | 2.1 | 1.2 | -7.2% |
| Total | 15.9 | 22.1 | 21.4 | 17.3 | 2.9% |
Top Export Markets for Breakfast Cereal from Colombia in 2022:
- Chile (3596.9 tons)
- Ecuador (742.4 tons)
- Peru (590.3 tons)
- Bolivia (278.0 tons)
- Panama (170.3 tons)
- United States (143.8 tons)
- Mexico (125.0 tons)
- Brazil (67.6 tons)
This report provides an in-depth analysis of the breakfast cereal 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 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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