Report Update: May 1, 2024

Colombia - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Corn Flakes and Cereal Products in Colombia - 2022

Price for Corn Flakes and Cereal Products in Colombia (CIF) - 2022

The average import price for cereal grain products (including corn flakes) stood at $1,068 per ton in February 2022, surging by 19% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,446 per ton), while the price for the UK ($690 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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Corn Flakes and Cereal Products in Colombia (FOB) - 2022

In February 2022, the average export price for cereal grain products (including corn flakes) amounted to $1,987 per ton, declining by -30.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 32% month-to-month. As a result, the export price attained the peak level of $2,842 per ton, and then shrank dramatically in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Bolivia ($4,945 per ton), while the average price for exports to Ecuador ($1,103 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 Venezuela (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Corn Flakes and Cereal Products in Colombia

In 2022, the amount of cereal grain products (including corn flakes) imported into Colombia totaled 67K tons, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of 68K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, corn flakes and cereal products imports shrank slightly to $58M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%.

Import of Corn Flakes and Cereal Products in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	27.6	35.4	36.0	35.6	8.9%
United Kingdom	N/A	1.6	6.5	6.3	98.4%
Mexico	5.4	5.3	4.3	3.7	-11.8%
United States	4.9	4.0	4.3	3.1	-14.2%
Trinidad and Tobago	3.1	2.4	0.5	2.5	-6.9%
Canada	0.9	3.2	2.0	1.9	28.3%
Germany	2.2	2.2	1.3	1.4	-14.0%
Others	5.3	3.4	3.6	3.5	-12.9%
Total	49.5	57.6	58.4	58.0	5.4%

Top Suppliers of Corn Flakes and Cereal Products to Colombia in 2022:

Chile (47.9K tons)
United Kingdom (9.5K tons)
Canada (3.3K tons)
Mexico (1.5K tons)
Trinidad and Tobago (1.4K tons)
United States (1.1K tons)
Germany (1.1K tons)

Exports of Corn Flakes and Cereal Products in Colombia

In 2022, approx. 8.2K tons of cereal grain products (including corn flakes) were exported from Colombia; growing by 3% on 2021. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 27%. As a result, the exports reached the peak of 8.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, corn flakes and cereal products exports expanded modestly to $24M in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $25M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Corn Flakes and Cereal Products in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	5.3	7.8	6.9	12.4	32.8%
Peru	3.4	4.5	5.6	3.9	4.7%
Ecuador	2.7	3.9	2.9	2.1	-8.0%
Bolivia	2.1	2.9	2.5	1.6	-8.7%
United States	0.8	1.6	2.0	1.2	14.5%
Panama	1.2	1.7	1.1	0.9	-9.1%
Costa Rica	0.9	0.5	0.7	0.6	-12.6%
Mexico	N/A	N/A	N/A	0.1	0%
Others	1.7	1.9	2.2	1.5	-4.1%
Total	18.1	24.8	23.8	24.3	10.3%

Top Export Markets for Corn Flakes and Cereal Products from Colombia in 2022:

Chile (3181.4 tons)
Ecuador (1261.6 tons)
Peru (1035.2 tons)
United States (698.2 tons)
Mexico (512.2 tons)
Bolivia (463.9 tons)
Panama (278.4 tons)
Costa Rica (206.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for corn flakes and cereal products 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 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)

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.

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