Colombia - Potato Chips - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotato Chips Price in Colombia - 2022
Contents:
- Potato Chips Price in Colombia (CIF) - 2022
- Potato Chips Price in Colombia (FOB) - 2022
- Potato Chips Imports in Colombia
- Potato Chips Exports in Colombia
Potato Chips Price in Colombia (CIF) - 2022
In February 2022, the average potato chips import price amounted to $4,501 per ton, waning by -27.2% against the previous month. In general, the import price saw a mild curtailment. The pace of growth was the most pronounced in May 2021 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the maximum at $6,182 per ton in January 2022, and then contracted dramatically in the following month.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($5,311 per ton), while the price for the United States totaled $4,149 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Potato Chips Price in Colombia (FOB) - 2022
In February 2022, the average potato chips export price amounted to $4,346 per ton, with an increase of 32% against the previous month. Over the period under review, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 33% against the previous month. The export price peaked at $5,153 per ton in July 2021; however, from August 2021 to February 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($9,601 per ton), while the average price for exports to Chile ($2,626 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 the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Chips Imports in Colombia
In 2022, the amount of potato chips imported into Colombia contracted to 850 tons, shrinking by -14.3% compared with 2021. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of 993 tons, and then fell in the following year.
In value terms, potato chips imports reduced to $4.4M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $5.1M, and then declined in the following year.
| Import of Potato Chips in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,236 | 3,096 | 4,352 | 3,880 | 6.2% |
| Canada | 50.5 | 254 | 268 | 239 | 67.9% |
| Mexico | 138 | 84.1 | 206 | 184 | 10.1% |
| Spain | 187 | 79.6 | 89.2 | 104 | -17.8% |
| Chile | N/A | 146 | 158 | N/A | 8.2% |
| Others | 84.9 | 41.7 | 53.1 | 6.9 | -56.7% |
| Total | 3,697 | 3,701 | 5,127 | 4,414 | 6.1% |
Top Suppliers of Potato Chips to Colombia in 2022:
- United States (739.3 tons)
- Mexico (42.5 tons)
- Canada (36.8 tons)
- Spain (30.2 tons)
Potato Chips Exports in Colombia
Potato chips exports from Colombia declined sharply to 365 tons in 2022, waning by -25.8% compared with 2021. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 106% against the previous year. As a result, the exports reached the peak of 492 tons, and then fell sharply in the following year.
In value terms, potato chips exports fell dramatically to $1.7M in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.6% 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 increased by +42.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $2.2M, and then shrank dramatically in the following year.
| Export of Potato Chips in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 884 | 290 | 654 | 506 | -17.0% |
| United States | 260 | 371 | 587 | 454 | 20.4% |
| Venezuela | 219 | 279 | 476 | 368 | 18.9% |
| Chile | 71.8 | 146 | 215 | 166 | 32.2% |
| Spain | 31.3 | 57.4 | 143 | 111 | 52.5% |
| Others | 25.5 | 58.5 | 135 | 99.8 | 57.6% |
| Total | 1,492 | 1,201 | 2,209 | 1,705 | 4.5% |
Top Export Markets for Potato Chips from Colombia in 2022:
- Panama (116.0 tons)
- United States (107.5 tons)
- Venezuela (81.5 tons)
- Chile (27.9 tons)
- Spain (14.1 tons)
This report provides an in-depth analysis of the potato chips 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 10311430 - Potatoes prepared or preserved in the form of flour, meal or flakes (excluding frozen, crisps, by vinegar or acetic acid)
- Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)
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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