Liqueurs and Cordials Price in Colombia - 2022
Contents:
- Liqueurs and Cordials Price in Colombia (CIF) - 2022
- Liqueurs and Cordials Price in Colombia (FOB) - 2022
- Liqueurs and Cordials Imports in Colombia
- Liqueurs and Cordials Exports in Colombia
Liqueurs and Cordials Price in Colombia (CIF) - 2022
In February 2022, the average liqueurs and cordials import price amounted to $5.9 per litre, surging by 69% against the previous month. Over the period under review, import price indicated a pronounced increase from February 2021 to February 2022: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, liqueurs and cordials import price increased by +68.5% against January 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($10.6 per litre), while the price for Free Zones ($2.1 per litre) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Colombia (FOB) - 2022
The average liqueurs and cordials export price stood at $2.4 per litre in 2022, which is down by -13.4% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $6.8 per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6.3 per litre), while the average price for exports to Peru ($2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-8.2%), while the prices for the other major destinations experienced a decline.
Liqueurs and Cordials Imports in Colombia
After three years of growth, purchases abroad of liqueurs and cordialses decreased by -31.2% to 2.6M litres in 2022. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports reached the peak of 3.8M litres, and then contracted markedly in the following year.
In value terms, liqueurs and cordials imports contracted notably to $10M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +39.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 43%. As a result, imports reached the peak of $12M, and then reduced markedly in the following year.
| Import of Liqueurs and Cordials in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | N/A | 2.5 | 2.7 | 8.0% |
| United States | 1.7 | 1.0 | 1.2 | 2.2 | 9.0% |
| Ireland | 2.7 | 5.1 | 4.9 | 1.4 | -19.7% |
| Mexico | 0.2 | 0.3 | 0.4 | 0.9 | 65.1% |
| Germany | 0.6 | 0.7 | 1.0 | 0.9 | 14.5% |
| Panama | 1.0 | 0.3 | 0.7 | 0.7 | -11.2% |
| Free Zones | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Others | 0.7 | 0.7 | 1.0 | 1.1 | 16.3% |
| Total | 7.3 | 8.4 | 12.0 | 10.2 | 11.8% |
Top Suppliers of Liqueurs and Cordials to Colombia in 2022:
- Dominican Republic (1030.0K litres)
- Ireland (424.1K litres)
- Mexico (358.6K litres)
- United States (177.7K litres)
- Free Zones (152.4K litres)
- Germany (144.4K litres)
- Panama (128.4K litres)
Liqueurs and Cordials Exports in Colombia
In 2022, liqueurs and cordials exports from Colombia contracted to 2.8M litres, which is down by -7% on 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs at 3.3M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, liqueurs and cordials exports reduced rapidly to $6.7M in 2022. In general, exports recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. As a result, the exports reached the peak of $8.4M, and then contracted remarkably in the following year.
| Export of Liqueurs and Cordials in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,142 | 986 | 2,256 | 1,929 | -3.4% |
| Ecuador | 1,143 | 614 | 2,056 | 1,759 | 15.5% |
| Panama | 201 | 308 | 529 | 1,141 | 78.4% |
| Chile | 767 | 580 | 843 | 605 | -7.6% |
| United States | 2,751 | 1,873 | 1,804 | 367 | -48.9% |
| Bolivia | 42.7 | 116 | 67.6 | 213 | 70.9% |
| Peru | 234 | 161 | 139 | 157 | -12.5% |
| Others | 422 | 474 | 658 | 560 | 9.9% |
| Total | 7,703 | 5,113 | 8,351 | 6,732 | -4.4% |
Top Export Markets for Liqueurs and Cordials from Colombia in 2022:
- Spain (829.2K litres)
- Ecuador (811.9K litres)
- Panama (531.4K litres)
- Chile (228.8K litres)
- Bolivia (92.3K litres)
- Peru (77.2K litres)
- United States (58.5K litres)
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