Report Update: Apr 1, 2024

Colombia - Wheat and Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights

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Price for Wheat and Meslin Flour in Colombia - 2022

Price for Wheat and Meslin Flour in Colombia (FOB) - 2022

In February 2022, the average wheat and meslin flour export price amounted to $617 per ton, rising by 4.5% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in September 2021 when the average export price increased by 8% m-o-m. Over the period under review, the average export prices reached the peak figure in February 2022.

Average prices varied noticeably for the major export markets. In February 2022, the country with the highest price was Ecuador ($643 per ton), while the average price for exports to Venezuela ($583 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 (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Wheat and Meslin Flour in Colombia (CIF) - 2022

In 2022, the average wheat and meslin flour import price amounted to $684 per ton, surging by 2.8% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 an increase of 71%. As a result, import price reached the peak level of $1,205 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($791 per ton), while the price for Argentina ($129 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.

Exports of Wheat and Meslin Flour in Colombia

Wheat and meslin flour exports from Colombia skyrocketed to 206 tons in 2022, picking up by 239% on 2021 figures. Over the period under review, exports, however, continue to indicate a noticeable descent.

In value terms, wheat and meslin flour exports surged to $179K in 2022. Overall, exports, however, saw a slight slump.

Export of Wheat and Meslin Flour in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	180	292	50.1	160	-3.9%
Ecuador	N/A	N/A	N/A	11.5	0%
Curacao	8.5	10.8	2.9	7.5	-4.1%
Others	0.7	2.8	0.5	0.7	0.0%
Total	190	305	53.5	179	-2.0%

Top Export Markets for Wheat and Meslin Flour from Colombia in 2022:

Venezuela (190.4 tons)
Curacao (8.9 tons)
Ecuador (6.4 tons)

Imports of Wheat and Meslin Flour in Colombia

In 2022, imports of wheat and meslin flour into Colombia soared to 605 tons, jumping by 23% against the year before. In general, imports, however, continue to indicate a noticeable decrease.

In value terms, wheat and meslin flour imports soared to $414K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 decreased by -17.4% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 42%. As a result, imports reached the peak of $501K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Wheat and Meslin Flour in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	201	263	191	235	5.3%
United States	82.5	150	70.4	141	19.6%
Mexico	7.4	16.4	11.3	13.1	21.0%
Argentina	7.9	10.0	7.0	8.2	1.3%
Italy	23.2	31.4	19.1	6.2	-35.6%
Others	30.5	30.4	27.5	10.7	-29.5%
Total	352	501	327	414	5.6%

Top Suppliers of Wheat and Meslin Flour to Colombia in 2022:

Peru (301.5 tons)
United States (178.2 tons)
Argentina (63.9 tons)
Mexico (31.5 tons)
Italy (10.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wheat and meslin flour 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 16 - Flour of Wheat

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