Report Update: May 1, 2024

Colombia - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Mixed Condiment, Sause and Seasoning in Colombia - 2022

Price for Mixed Condiment, Sause and Seasoning in Colombia (CIF) - 2022

The average import price for mixed condiments, sauses and seasonings stood at $3,444 per ton in February 2022, dropping by -3.8% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2021 an increase of 28% month-to-month. Over the period under review, average import prices hit record highs at $3,581 per ton in January 2022, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Mexico ($5,019 per ton), while the price for Thailand ($2,372 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 Italy (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mixed Condiment, Sause and Seasoning in Colombia (FOB) - 2022

In February 2022, the average export price for mixed condiments, sauses and seasonings amounted to $2,196 per ton, shrinking by -31.3% against the previous month. Overall, the export price saw a noticeable setback. The growth pace was the most rapid in December 2021 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,326 per ton in February 2021; however, from March 2021 to February 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($4,863 per ton), while the average price for exports to Ecuador ($821 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 Pakistan (0.0%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Condiment, Sause and Seasoning in Colombia

In 2022, imports of mixed condiments, sauses and seasonings into Colombia dropped markedly to 13K tons, with a decrease of -15.4% on the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 15K tons, and then fell rapidly in the following year.

In value terms, mixed condiment, sause and seasoning imports plummeted to $36M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of $43M, and then reduced dramatically in the following year.

Import of Mixed Condiment, Sause and Seasoning in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	15.9	13.4	19.6	16.5	1.2%
Mexico	9.8	9.3	14.6	12.3	7.9%
Italy	1.2	1.7	1.5	1.3	2.7%
Spain	1.1	0.9	1.4	1.2	2.9%
Peru	0.2	0.2	0.6	0.5	35.7%
Thailand	0.4	0.4	0.6	0.5	7.7%
Others	3.6	3.7	4.7	4.2	5.3%
Total	32.2	29.6	43.1	36.4	4.2%

Top Suppliers of Mixed Condiment, Sause and Seasoning to Colombia in 2022:

United States (7.3K tons)
Mexico (3.2K tons)
Italy (0.4K tons)
Spain (0.3K tons)
Peru (0.2K tons)
Thailand (0.2K tons)

Exports of Mixed Condiment, Sause and Seasoning in Colombia

In 2022, after three years of growth, there was significant decline in overseas shipments of mixed condiments, sauses and seasonings, when their volume decreased by -13.3% to 4.7K tons. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.9% 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 +76.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 50%.

In value terms, mixed condiment, sause and seasoning exports fell to $14M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%.

Export of Mixed Condiment, Sause and Seasoning in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2,719	5,051	7,841	6,700	35.1%
Ecuador	1,541	1,110	1,543	1,319	-5.1%
Belgium	317	891	1,535	1,311	60.5%
Peru	806	719	1,096	937	5.1%
Panama	984	944	624	715	-10.1%
United Kingdom	550	598	382	428	-8.0%
Chile	16.5	84.2	475	406	190.9%
Sweden	174	276	375	320	22.5%
Venezuela	73.1	232	373	319	63.4%
Haiti	195	376	304	260	10.1%
Costa Rica	280	366	150	223	-7.3%
Curacao	146	180	252	215	13.8%
United Arab Emirates	18.7	196	210	180	112.7%
Others	591	1,014	1,061	795	10.4%
Total	8,411	12,037	16,222	14,129	18.9%

Top Export Markets for Mixed Condiment, Sause and Seasoning from Colombia in 2022:

United States (2329.4 tons)
Ecuador (420.5 tons)
Belgium (394.4 tons)
Panama (277.5 tons)
Peru (259.3 tons)
Venezuela (150.5 tons)
United Kingdom (128.9 tons)
Haiti (125.0 tons)
Chile (119.0 tons)
Curacao (117.2 tons)
Sweden (96.6 tons)
United Arab Emirates (81.1 tons)
Costa Rica (71.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)

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