Colombia - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in Colombia - 2022
Contents:
- Margarine and Shortening Price in Colombia (FOB) - 2022
- Margarine and Shortening Price in Colombia (CIF) - 2022
- Margarine and Shortening Exports in Colombia
- Margarine and Shortening Imports in Colombia
Margarine and Shortening Price in Colombia (FOB) - 2022
The average margarine and shortening export price stood at $1,761 per ton in February 2022, growing by 12% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Bolivia ($2,471 per ton), while the average price for exports to Venezuela ($1,448 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 Bolivia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Margarine and Shortening Price in Colombia (CIF) - 2022
The average margarine and shortening import price stood at $2,520 per ton in February 2022, surging by 24% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2021 an increase of 62% against the previous month. Over the period under review, average import prices reached the maximum at $3,139 per ton in March 2021; however, from April 2021 to February 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($5,101 per ton), while the price for Bolivia ($1,699 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 Canada (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Margarine and Shortening Exports in Colombia
In 2022, exports of margarine and shortening from Colombia totaled 35K tons, standing approx. at the previous year. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. As a result, the exports attained the peak of 35K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, margarine and shortening exports reduced to $45M in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 70% against the previous year.
| Export of Margarine and Shortening in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 7.5 | 13.9 | 17.3 | 14.7 | 25.1% |
| Peru | 1.5 | 3.4 | 3.2 | 6.3 | 61.3% |
| United States | 2.1 | 2.9 | 5.1 | 4.8 | 31.7% |
| Chile | 4.1 | 4.7 | 5.1 | 4.7 | 4.7% |
| Venezuela | 1.2 | 0.8 | 4.2 | 4.0 | 49.4% |
| Guatemala | 1.7 | 2.2 | 3.7 | 3.0 | 20.8% |
| Ecuador | 0.4 | 5.7 | 7.5 | 2.8 | 91.3% |
| Bolivia | 1.7 | 1.2 | 2.0 | 1.6 | -2.0% |
| Dominican Republic | 0.4 | 0.8 | 1.3 | 1.2 | 44.2% |
| Free Zones | 1.2 | 1.7 | 1.1 | 1.1 | -2.9% |
| Others | 0.8 | 1.1 | 1.1 | 0.9 | 4.0% |
| Total | 22.7 | 38.5 | 51.6 | 45.1 | 25.7% |
Top Export Markets for Margarine and Shortening from Colombia in 2022:
- Panama (11.5K tons)
- Peru (4.7K tons)
- Chile (3.8K tons)
- United States (3.7K tons)
- Venezuela (3.2K tons)
- Ecuador (2.2K tons)
- Guatemala (2.0K tons)
- Bolivia (1.1K tons)
- Free Zones (1.1K tons)
- Dominican Republic (0.9K tons)
Margarine and Shortening Imports in Colombia
In 2022, after three years of growth, there was decline in supplies from abroad of margarine and shortening, when their volume decreased by -2.9% to 6.3K tons. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21%.
In value terms, margarine and shortening imports declined to $10M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $11M, and then reduced in the following year.
| Import of Margarine and Shortening in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 2.0 | 1.5 | 3.8 | 4.2 | 28.1% |
| United States | 1.2 | 0.6 | 1.6 | 1.8 | 14.5% |
| France | 0.8 | 0.6 | 1.2 | 1.3 | 17.6% |
| Mexico | 0.3 | 0.3 | 0.8 | 0.9 | 44.2% |
| Ecuador | 0.9 | 1.1 | 0.5 | 0.9 | 0.0% |
| Free Zones | 1.8 | N/A | N/A | N/A | 0% |
| Argentina | N/A | 4.3 | 2.7 | N/A | -37.2% |
| Others | 0.6 | 0.3 | 0.8 | 0.8 | 10.1% |
| Total | 7.6 | 8.8 | 11.3 | 10.0 | 9.6% |
Top Suppliers of Margarine and Shortening to Colombia in 2022:
- Bolivia (3.9K tons)
- Ecuador (0.8K tons)
- Mexico (0.5K tons)
- France (0.5K tons)
- United States (0.5K tons)
This report provides an in-depth analysis of the margarine and shortening 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:
- FCL 1242 - Margarine and Shortening
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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