Report Update: May 3, 2024

Colombia - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights

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Maize Starch Price in Colombia - 2022

Maize Starch Price in Colombia (CIF) - 2022

In February 2022, the average maize starch import price amounted to $1,062 per ton, picking up by 23% against the previous month. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in November 2021 an increase of 25% against the previous month. The import price peaked in February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($1,289 per ton), while the price for Argentina ($748 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 Paraguay (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Maize Starch Price in Colombia (FOB) - 2022

In 2022, the average maize starch export price amounted to $455 per ton, shrinking by -12.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $646 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($816 per ton), while the average price for exports to Peru ($398 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (-1.5%), while the prices for the other major destinations experienced a decline.

Maize Starch Imports in Colombia

Maize starch imports into Colombia shrank remarkably to 10K tons in 2022, declining by -30.6% compared with the previous year's figure. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 157%. As a result, imports reached the peak of 15K tons, and then declined sharply in the following year.

In value terms, maize starch imports declined markedly to $5.7M in 2022. In general, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 198% against the previous year. As a result, imports attained the peak of $8.5M, and then contracted markedly in the following year.

Import of Maize Starch in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	1,980	1,553	4,415	2,864	13.1%
Argentina	316	328	2,497	1,620	72.4%
Mexico	69.4	67.9	968	628	108.4%
France	401	476	396	271	-12.2%
United States	511	25.2	33.9	121	-38.1%
Paraguay	142	359	26.3	112	-7.6%
Others	241	35.5	131	39.0	-45.5%
Total	3,660	2,845	8,467	5,656	15.6%

Top Suppliers of Maize Starch to Colombia in 2022:

Brazil (4.3K tons)
Argentina (3.7K tons)
Mexico (1.4K tons)
France (0.3K tons)
United States (0.2K tons)
Paraguay (0.2K tons)

Maize Starch Exports in Colombia

In 2022, maize starch exports from Colombia skyrocketed to 8.2K tons, with an increase of 21% against the previous year's figure. Over the period under review, exports, however, showed a pronounced shrinkage.

In value terms, maize starch exports amounted to $3.7M in 2022. In general, exports, however, saw a relatively flat trend pattern.

Export of Maize Starch in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	2,847	3,461	3,197	3,159	3.5%
Peru	803	74.0	109	320	-26.4%
United States	17.2	223	104	112	86.7%
Guyana	68.2	105	106	105	15.5%
Others	18.3	30.3	15.8	18.3	0.0%
Total	3,753	3,895	3,531	3,713	-0.4%

Top Export Markets for Maize Starch from Colombia in 2022:

Ecuador (7.0K tons)
Peru (0.8K tons)
United States (0.2K tons)
Guyana (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the maize starch 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 10621113 - Maize (corn) starch

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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023