Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (CIF) - 2022
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,881 per ton in 2022, rising by 24% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +82.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bolivia ($2,383 per ton) and Chile ($2,062 per ton), while the average price for exports to Venezuela ($1,651 per ton) and Free Zones ($1,688 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (CIF) - 2022
In February 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,473 per ton, with an increase of 22% against the previous month. In general, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in June 2021 an increase of 54% month-to-month. The import price peaked at $3,860 per ton in February 2021; however, from March 2021 to February 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was France ($3,360 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 Bolivia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Colombia reached 28K tons, flattening at 2021 figures. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $52M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 6.2 | 12.8 | 16.9 | 17.4 | 41.1% |
| Venezuela | 0.9 | 0.3 | 3.8 | 11.2 | 131.7% |
| United States | 1.1 | 1.3 | 4.5 | 6.2 | 78.0% |
| Chile | 2.7 | 3.5 | 4.7 | 6.1 | 31.2% |
| Guatemala | 1.7 | 2.2 | 3.7 | 4.0 | 33.0% |
| Dominican Republic | 0.2 | 0.7 | 1.2 | 2.5 | 132.1% |
| Free Zones | 1.2 | 1.7 | 1.1 | 1.2 | 0.0% |
| Bolivia | 1.7 | 1.2 | 1.9 | 0.5 | -33.5% |
| Ecuador | 0.4 | 2.7 | 3.4 | N/A | 191.5% |
| Others | 0.2 | 0.2 | 0.5 | 3.2 | 152.0% |
| Total | 16.3 | 26.4 | 41.7 | 52.3 | 47.5% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Colombia in 2022:
- Panama (8.9K tons)
- Venezuela (6.8K tons)
- United States (3.3K tons)
- Chile (3.0K tons)
- Guatemala (2.1K tons)
- Dominican Republic (1.3K tons)
- Free Zones (0.7K tons)
- Bolivia (0.2K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia
In 2022, after three years of growth, there was significant decline in overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -21.5% to 4.8K tons. The total import volume increased at an average annual rate of +4.1% 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 2020 when imports increased by 20% against the previous year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats rose notably to $12M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 2.0 | 1.5 | 3.8 | 4.9 | 34.8% |
| Mexico | 0.3 | 0.3 | 0.8 | 1.9 | 85.0% |
| France | 0.8 | 0.6 | 1.2 | 1.8 | 31.0% |
| United States | 0.8 | 0.3 | 1.3 | 1.5 | 23.3% |
| Netherlands | 0.1 | N/A | 0.1 | 0.6 | 81.7% |
| Indonesia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Spain | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Ecuador | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Free Zones | 1.8 | N/A | N/A | N/A | 0% |
| Argentina | N/A | 4.3 | 2.7 | N/A | -37.2% |
| Others | 0.3 | 0.1 | 0.4 | 0.6 | 26.0% |
| Total | 6.4 | 7.3 | 10.5 | 11.9 | 23.0% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Colombia in 2022:
- Bolivia (2869.0 tons)
- Mexico (789.0 tons)
- France (512.2 tons)
- United States (170.8 tons)
- Netherlands (161.4 tons)
- Indonesia (110.0 tons)
- Spain (80.9 tons)
- Ecuador (8.6 tons)
799
This report provides an in-depth analysis of the margarine and shortening market in Colombia.
281
This report provides an in-depth analysis of the margarine spread market in Colombia.
2041
This report provides an in-depth analysis of the global margarine and shortening market.
578
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
799
This report provides an in-depth analysis of the margarine and shortening market in Colombia.
281
This report provides an in-depth analysis of the margarine spread market in Colombia.
2041
This report provides an in-depth analysis of the global margarine and shortening market.
578
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
122
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5368
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4515
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
122
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5368
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4515
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
