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Colombia - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Almond Market Overview 2021

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Almond Market Size in Colombia

The Colombian almond market surged to $X in 2019, rising by X% against the previous year. Overall, consumption enjoyed a significant increase. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in years to come.

Almond Production in Colombia

In value terms, almond production amounted to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a buoyant expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Almond production peaked in 2019 and is expected to retain growth in the immediate term.

The average yield of almonds in Colombia was estimated at X kg per ha in 2019, therefore, remained relatively stable against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of almonds were harvested in Colombia; flattening at 2018. Overall, the harvested area showed a relatively flat trend pattern.

Almond Exports

Exports from Colombia

In 2019, almond exports from Colombia contracted markedly to X tonnes, with a decrease of -X% compared with the previous year. In general, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, almond exports shrank to $X in 2019. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Bermuda (X tonnes) was the main destination for almond exports from Colombia, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Bermuda was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Bermuda was relatively modest.

Export Prices by Country

In 2019, the average almond export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price showed significant growth. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Bermuda.

From 2007 to 2019, the rate of growth in terms of prices for Bermuda amounted to X% per year.

Almond Imports

Imports into Colombia

In 2019, purchases abroad of almonds increased by X% to X tonnes, rising for the second year in a row after five years of decline. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, almond imports soared to $X in 2019. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of almond to Colombia, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of almond to Colombia.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average almond import price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, comprising approx. 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. The third position in this ranking was occupied by Iran (182K tonnes), with a 5.3% share.
What are the largest producers of almonds in the world?
+
The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, accounting for 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. Iran (177K tonnes) ranked third in terms of total production with a 5.1% share.
What are the leading suppliers of almonds to Colombia?
+
In value terms, the U.S. ($3.2M) constituted the largest supplier of almond to Colombia.
What is the average export price for almonds in Colombia?
+
The average almond export price stood at $13,372 per tonne in 2019, surging by 15% against the previous year.
What is the average import price for almonds in Colombia?
+
In 2019, the average almond import price amounted to $4,687 per tonne, leveling off at the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond 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 2025.


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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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