Colombia - Sausages And Similar Products Of Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Colombia - Sausages And Similar Products Of Meat - Market Analysis, Forecast, Size, Trends and Insights

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Processed Meat Price in Colombia - 2022

Contents:

  1. Processed Meat Price in Colombia (CIF) - 2022
  2. Processed Meat Price in Colombia (FOB) - 2022
  3. Processed Meat Imports in Colombia
  4. Processed Meat Exports in Colombia

Processed Meat Price in Colombia (CIF) - 2022

In 2022, the average processed meat import price amounted to $2,027 per ton, rising by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. The import price peaked at $2,272 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($12,341 per ton), while the price for Chile ($777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Processed Meat Price in Colombia (FOB) - 2022

The average processed meat export price stood at $2,989 per ton in 2022, waning by -3.7% against the previous year. Over the period under review, the export price recorded a mild decrease. The growth pace was the most rapid in 2018 when the average export price increased by 59%. The export price peaked at $3,629 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($9,780 per ton), while the average price for exports to Curacao ($1,376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Processed Meat Imports in Colombia

In 2022, imports of processed meat into Colombia contracted markedly to 36K tons, declining by -23.6% on the previous year's figure. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 90%. As a result, imports attained the peak of 47K tons, and then dropped markedly in the following year.

In value terms, processed meat imports shrank significantly to $73M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. As a result, imports attained the peak of $92M, and then contracted remarkably in the following year.

Import of Processed Meat in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States33.024.632.929.8-3.3%
Chile11.910.714.510.6-3.8%
Spain6.58.46.65.7-4.3%
Netherlands1.42.15.85.355.9%
Canada3.43.64.85.114.5%
Others4.14.527.516.659.4%
Total60.454.092.273.16.6%

Top Suppliers of Processed Meat to Colombia in 2022:

  1. Chile (13.6K tons)
  2. United States (12.4K tons)
  3. Netherlands (1.6K tons)
  4. Canada (1.0K tons)
  5. Spain (0.5K tons)

Processed Meat Exports in Colombia

After two years of decline, overseas shipments of processed meat increased by 13% to 147 tons in 2022. In general, exports, however, showed a abrupt downturn.

In value terms, processed meat exports totaled $439K in 2022. Overall, exports, however, continue to indicate a abrupt slump.

Export of Processed Meat in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR11920515317313.3%
Venezuela12910289.61464.2%
Germany18.216.817.232.921.8%
Chile9.26.816.330.549.1%
Guatemala48.021.923.922.6-22.2%
Curacao1.07.510.78.2101.7%
Vietnam148N/AN/AN/A0%
Others15011492.725.2-44.8%
Total622474404439-11.0%

Top Export Markets for Processed Meat from Colombia in 2022:

  1. Hong Kong SAR (97.0 tons)
  2. Venezuela (23.4 tons)
  3. Guatemala (7.2 tons)
  4. Chile (6.0 tons)
  5. Curacao (5.9 tons)
  6. Germany (3.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the processed meat 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 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
  • Prodcom 10851100 - Prepared meals and dishes based on meat, meat offal or blood
  • Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
  • Prodcom 100000Z1 - Prepared and preserved meat, meat offal or blood, including prepared meat and offal dishes
  • Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
  • Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
  • Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
  • Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
  • Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
  • Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
  • Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
  • Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
  • Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
  • Prodcom 10851410 - Cooked or uncooked pasta stuffed with meat, fish, cheese or other substances in any proportion
  • Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
  • Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
  • Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
  • Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked
  • Prodcom 10131300 - Meat salted, in brine, dried or smoked, edible flours and meals of meat or meat offal (excluding pig meat, beef and veal salted, in brine, dried or smoked)
  • Prodcom 10131430 - Liver sausages and similar products and food preparations based thereon (excluding prepared meals and dishes)
  • Prodcom 10131460 - Sausages and similar products of meat, offal or blood and food preparations based thereon (excluding liver sausages and prepared meals and dishes)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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Free Data: Processed Meat - Colombia