Colombia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Colombia - 2022
Contents:
- Frozen Crustaceans Price in Colombia (CIF) - 2022
- Frozen Crustaceans Price in Colombia (FOB) - 2022
- Frozen Crustaceans Imports in Colombia
- Frozen Crustaceans Exports in Colombia
Frozen Crustaceans Price in Colombia (CIF) - 2022
The average frozen crustaceans import price stood at $5,423 per ton in February 2022, almost unchanged from the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 15% against the previous month. As a result, import price reached the peak level of $6,071 per ton. From November 2021 to February 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Venezuela ($6,486 per ton), while the price for Ecuador amounted to $5,382 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+43.8%).
Frozen Crustaceans Price in Colombia (FOB) - 2022
In February 2022, the average frozen crustaceans export price amounted to $6,215 per ton, declining by -47.7% against the previous month. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in January 2022 an increase of 71% month-to-month. As a result, the export price reached the peak level of $11,880 per ton, and then reduced sharply in the following month.
There were significant differences in the average prices for the major foreign markets. In February 2022, the country with the highest price was the United States ($22,431 per ton), while the average price for exports to Spain ($5,176 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 France (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in Colombia
For the fourth year in a row, Colombia recorded growth in purchases abroad of frozen crustaceans, which increased by 2.7% to 11K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, frozen crustaceans imports amounted to $61M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Frozen Crustaceans in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 36.8 | 37.6 | 54.4 | 56.8 | 15.6% |
| Venezuela | 1.5 | 1.0 | 0.7 | 1.4 | -2.3% |
| Others | 1.5 | 1.8 | 2.2 | 2.8 | 23.1% |
| Total | 39.9 | 40.4 | 57.3 | 61.0 | 15.2% |
Top Suppliers of Frozen Crustaceans to Colombia in 2022:
- Ecuador (10.9K tons)
- Venezuela (0.3K tons)
Frozen Crustaceans Exports in Colombia
In 2022, the amount of frozen crustaceans exported from Colombia rose remarkably to 3.8K tons, growing by 11% compared with 2021 figures. Over the period under review, exports, however, showed a abrupt setback.
In value terms, frozen crustaceans exports declined modestly to $23M in 2022. Overall, exports, however, faced a abrupt decrease.
| Export of Frozen Crustaceans in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 9.4 | 11.4 | 9.1 | 10.7 | 4.4% |
| Spain | 13.0 | 5.7 | 7.9 | 7.9 | -15.3% |
| United States | 5.9 | 5.5 | 4.8 | 3.1 | -19.3% |
| South Korea | 2.7 | 4.5 | N/A | 0.4 | -47.1% |
| Others | 1.4 | 1.9 | 1.4 | 0.4 | -34.1% |
| Total | 32.5 | 29.0 | 23.1 | 22.5 | -11.5% |
Top Export Markets for Frozen Crustaceans from Colombia in 2022:
- France (2102.9 tons)
- Spain (1516.5 tons)
- United States (72.4 tons)
- South Korea (57.8 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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.
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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
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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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