Colombia - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in Colombia - 2022
Contents:
- Whisky Price in Colombia (CIF) - 2022
- Whisky Price in Colombia (FOB) - 2022
- Whisky Imports in Colombia
- Whisky Exports in Colombia
Whisky Price in Colombia (CIF) - 2022
In February 2022, the average whisky import price amounted to $5.2 per litre, with an increase of 11% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 31% m-o-m. The import price peaked at $5.3 per litre in October 2021; however, from November 2021 to February 2022, import prices stood 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 the United States ($11.4 per litre), while the price for the UK stood at $4.7 per litre.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.0%).
Whisky Price in Colombia (FOB) - 2022
In 2022, the average whisky export price amounted to $7.9 per litre, rising by 8.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 31%. The export price peaked at $11 per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($23 per litre), while the average price for exports to Aruba ($2.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Whisky Imports in Colombia
In 2022, overseas purchases of whisky decreased by -12.1% to 16M litres for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 18M litres, and then contracted in the following year.
In value terms, whisky imports fell sharply to $71M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% 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 +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $86M, and then declined remarkably in the following year.
| Import of Whisky in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 48.4 | 51.7 | 73.1 | 63.1 | 9.2% |
| Panama | 8.1 | 2.8 | 7.7 | 4.8 | -16.0% |
| Aruba | 1.7 | 0.6 | 3.1 | 1.9 | 3.8% |
| Others | 2.1 | 2.0 | 2.0 | 1.5 | -10.6% |
| Total | 60.2 | 57.0 | 85.8 | 71.4 | 5.9% |
Top Suppliers of Whisky to Colombia in 2022:
- United Kingdom (14.7M litres)
- Panama (0.7M litres)
- Aruba (0.4M litres)
Whisky Exports in Colombia
In 2022, shipments abroad of whisky increased by 21% to 61K litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at 98K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, whisky exports soared to $477K in 2022. In general, exports, however, continue to indicate a abrupt contraction. The exports peaked at $816K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Whisky in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 577 | 435 | 262 | 332 | -16.8% |
| Guatemala | 108 | 85.6 | 54.4 | 72.7 | -12.4% |
| Ecuador | 16.0 | 5.7 | 22.3 | 29.8 | 23.0% |
| Aruba | 99.0 | 56.7 | 12.7 | 21.6 | -39.8% |
| Others | 16.4 | 6.9 | 12.7 | 21.1 | 8.8% |
| Total | 816 | 590 | 364 | 477 | -16.4% |
Top Export Markets for Whisky from Colombia in 2022:
- Panama (41.6K litres)
- Aruba (8.3K litres)
- Ecuador (5.7K litres)
- Guatemala (3.1K litres)
This report provides an in-depth analysis of the whisky 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 11011030 - Whisky (important: excluding alcohol duty)
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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