Colombia - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSweet Biscuit Price in Colombia - 2022
Contents:
- Sweet Biscuit Price in Colombia (CIF) - 2022
- Sweet Biscuit Price in Colombia (FOB) - 2022
- Sweet Biscuit Imports in Colombia
- Sweet Biscuit Exports in Colombia
Sweet Biscuit Price in Colombia (CIF) - 2022
In February 2022, the average sweet biscuit import price amounted to $2,673 per ton, growing by 11% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 16% m-o-m. As a result, import price attained the peak level of $2,754 per ton. From August 2021 to February 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 February 2022, the country with the highest price was Denmark ($7,207 per ton), while the price for Peru ($2,040 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 Mexico (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Biscuit Price in Colombia (FOB) - 2022
In February 2022, the average sweet biscuit export price amounted to $2,169 per ton, remaining stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2021 an increase of 13% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,685 per ton in September 2021; however, from October 2021 to February 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Chile ($2,992 per ton), while the average price for exports to the Dominican Republic ($1,452 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 Chile (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sweet Biscuit Imports in Colombia
In 2022, approx. 19K tons of sweet biscuits were imported into Colombia; rising by 20% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sweet biscuit imports soared to $47M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +51.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sweet Biscuit in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 16.8 | 16.6 | 19.7 | 29.4 | 20.5% |
| Turkey | 1.7 | 2.6 | 2.7 | 4.1 | 34.1% |
| Mexico | 0.3 | 2.1 | 1.6 | 2.2 | 94.3% |
| Spain | 1.5 | 1.4 | 2.0 | 1.9 | 8.2% |
| Costa Rica | 1.2 | 0.7 | 0.8 | 1.0 | -5.9% |
| Brazil | 0.6 | 2.0 | 0.4 | 0.8 | 10.1% |
| United States | 3.2 | 1.9 | 1.5 | 0.8 | -37.0% |
| Others | 5.8 | 4.9 | 6.4 | 6.9 | 6.0% |
| Total | 31.0 | 32.3 | 34.9 | 47.0 | 14.9% |
Top Suppliers of Sweet Biscuit to Colombia in 2022:
- Peru (14.1K tons)
- Turkey (0.9K tons)
- Mexico (0.7K tons)
- Spain (0.6K tons)
- Costa Rica (0.5K tons)
- Brazil (0.3K tons)
- United States (0.1K tons)
Sweet Biscuit Exports in Colombia
For the fourth consecutive year, Colombia recorded growth in overseas shipments of sweet biscuits, which increased by 4.6% to 15K tons in 2022. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, sweet biscuit exports skyrocketed to $37M in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sweet Biscuit in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 5.9 | 4.1 | 4.7 | 7.2 | 6.9% |
| United States | 5.6 | 5.0 | 4.9 | 7.0 | 7.7% |
| Venezuela | N/A | 0.3 | 1.1 | 2.6 | 194.4% |
| Panama | 1.8 | 2.2 | 1.7 | 2.4 | 10.1% |
| Guatemala | 1.0 | 1.6 | 1.2 | 1.7 | 19.3% |
| Haiti | 0.2 | 3.2 | 2.8 | 1.6 | 100.0% |
| Costa Rica | 1.4 | 1.8 | 1.2 | 1.2 | -5.0% |
| Chile | 0.7 | 1.2 | 1.3 | 1.2 | 19.7% |
| Peru | 1.0 | 1.0 | 1.0 | 1.1 | 3.2% |
| Spain | 0.5 | 0.9 | 1.1 | 1.1 | 30.1% |
| Nigeria | 0.5 | 0.8 | 1.4 | 1.0 | 26.0% |
| Jamaica | 0.7 | 0.6 | 0.6 | 0.8 | 4.6% |
| Gabon | 0.1 | 0.4 | 0.4 | 0.6 | 81.7% |
| Others | 8.2 | 6.6 | 6.5 | 7.2 | -4.2% |
| Total | 27.7 | 29.7 | 29.9 | 36.8 | 9.9% |
Top Export Markets for Sweet Biscuit from Colombia in 2022:
- Ecuador (2.6K tons)
- United States (2.4K tons)
- Panama (1.3K tons)
- Venezuela (1.0K tons)
- Haiti (0.9K tons)
- Costa Rica (0.6K tons)
- Guatemala (0.6K tons)
- Nigeria (0.5K tons)
- Jamaica (0.4K tons)
- Peru (0.4K tons)
- Spain (0.4K tons)
- Chile (0.4K tons)
- Gabon (0.3K tons)
This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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