Colombia - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Colombia - 2022
Contents:
- Meat Price in Colombia (CIF) - 2022
- Meat Price in Colombia (FOB) - 2022
- Meat Imports in Colombia
- Meat Exports in Colombia
Meat Price in Colombia (CIF) - 2022
The average meat import price stood at $2,682 per ton in 2022, reducing by -1.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 16%. As a result, import price attained the peak level of $3,184 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($2,760 per ton) and Chile ($2,457 per ton), while the price for Canada ($2,165 per ton) and Spain ($2,259 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.
Meat Price in Colombia (FOB) - 2022
The average meat export price stood at $4,527 per ton in 2022, surging by 3.1% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $6,177 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($5,596 per ton), while the average price for exports to Egypt ($3,516 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 Jordan (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Imports in Colombia
In 2022, the amount of meat imported into Colombia totaled 136K tons, with an increase of 13% compared with the previous year. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.4% 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 +83.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, meat imports expanded sharply to $364M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +100.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 243 | 167 | 270 | 293 | 6.4% |
| Chile | 6.3 | 5.6 | 27.8 | 37.6 | 81.4% |
| Canada | 9.0 | 2.3 | 11.7 | 14.9 | 18.3% |
| Spain | 0.1 | N/A | 12.3 | 10.7 | 374.7% |
| Others | 5.1 | 6.5 | 6.3 | 8.3 | 17.6% |
| Total | 264 | 181 | 328 | 364 | 11.3% |
Top Suppliers of Meat to Colombia in 2022:
- United States (106.1K tons)
- Chile (15.3K tons)
- Canada (6.9K tons)
- Spain (4.8K tons)
Meat Exports in Colombia
In 2022, overseas shipments of meat decreased by -24.1% to 40K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66%.
In value terms, meat exports contracted sharply to $182M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 102%. As a result, the exports attained the peak of $233M, and then dropped notably in the following year.
| Export of Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 21.5 | 28.5 | 61.6 | 82.6 | 56.6% |
| Chile | N/A | 1.7 | 49.9 | 31.9 | 333.2% |
| Lebanon | 11.0 | 26.8 | 26.3 | 24.7 | 30.9% |
| Egypt | 9.3 | 9.2 | 31.7 | 10.0 | 2.4% |
| Libya | 1.6 | 4.5 | 12.7 | 9.0 | 77.8% |
| Saudi Arabia | N/A | 7.3 | 11.7 | 7.2 | -0.7% |
| United Arab Emirates | 2.1 | 8.2 | 7.1 | 4.4 | 28.0% |
| Jordan | 9.3 | 16.1 | 14.9 | 4.1 | -23.9% |
| Vietnam | 10.7 | 2.9 | 1.8 | 0.9 | -56.2% |
| Hong Kong SAR | 2.2 | 9.9 | 12.2 | 0.7 | -31.7% |
| Others | 0.2 | 0.1 | 3.1 | 6.6 | 220.8% |
| Total | 67.8 | 115 | 233 | 182 | 39.0% |
Top Export Markets for Meat from Colombia in 2022:
- Russia (19.5K tons)
- Chile (5.9K tons)
- Lebanon (4.4K tons)
- Egypt (2.8K tons)
- Libya (2.4K tons)
- Saudi Arabia (1.9K tons)
- Jordan (0.9K tons)
- United Arab Emirates (0.8K tons)
- Vietnam (0.2K tons)
- Hong Kong SAR (0.1K tons)
This report provides an in-depth analysis of the meat 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 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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