Colombia - Wheat Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWheat Starch Price in Colombia - 2022
Contents:
- Wheat Starch Price in Colombia (CIF) - 2022
- Wheat Starch Price in Colombia (FOB) - 2022
- Wheat Starch Imports in Colombia
- Wheat Starch Exports in Colombia
Wheat Starch Price in Colombia (CIF) - 2022
In February 2022, the average wheat starch import price amounted to $695 per ton, remaining relatively unchanged against the previous month. Overall, import price indicated a measured increase from February 2021 to February 2022: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, wheat starch import price increased by +73.2% against April 2021 indices. The pace of growth was the most pronounced in August 2021 an increase of 31% m-o-m. The import price peaked at $701 per ton in January 2022, and then fell slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Argentina ($728 per ton), while the price for Belgium amounted to $626 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Wheat Starch Price in Colombia (FOB) - 2022
In 2022, the average wheat starch export price amounted to $1,903 per ton, waning by -15.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 145%. Over the period under review, the average export prices reached the maximum at $3,982 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +33.1% per year.
Wheat Starch Imports in Colombia
Wheat starch imports into Colombia dropped to 4.3K tons in 2022, waning by -13.4% against 2021 figures. The total import volume increased at an average annual rate of +5.0% over the period 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 37%. As a result, imports reached the peak of 5K tons, and then reduced in the following year.
In value terms, wheat starch imports reduced sharply to $1.9M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 increased by +32.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports reached the peak of $2.4M, and then declined significantly in the following year.
| Import of Wheat Starch in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,156 | 1,093 | 1,949 | 1,409 | 6.8% |
| Canada | 199 | 220 | 275 | 219 | 3.2% |
| Hungary | N/A | 23.3 | 42.6 | 110 | 117.3% |
| Australia | 31.4 | 32.3 | 37.5 | 27.7 | -4.1% |
| Others | 101 | 97.3 | 125 | 182 | 21.7% |
| Total | 1,487 | 1,466 | 2,429 | 1,948 | 9.4% |
Top Suppliers of Wheat Starch to Colombia in 2022:
- Argentina (3222.3 tons)
- Canada (655.4 tons)
- Hungary (142.7 tons)
- Australia (62.4 tons)
Wheat Starch Exports in Colombia
In 2022, approx. 300 kg of wheat starch were exported from Colombia; reducing by -25.4% on 2021. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 102%. As a result, the exports attained the peak of 402 kg, and then shrank dramatically in the following year.
In value terms, wheat starch exports declined sharply to $571 in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 284%. As a result, the exports attained the peak of $906, and then shrank dramatically in the following year.
| Export of Wheat Starch in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 288 | 185 | 906 | 571 | 25.6% |
| Curacao | N/A | 51.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 288 | 236 | 906 | 571 | 25.6% |
Top Export Markets for Wheat Starch from Colombia in 2022:
- Aruba (300.0 kg)
This report provides an in-depth analysis of the wheat starch 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 10621111 - Wheat starch
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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