Colombia: Green Bean Market 2022

Green Bean Market Size in Colombia

In 2021, the Colombian green bean market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped significantly in the following year.

Green Bean Exports

Exports from Colombia

In 2021, exports of green beans from Colombia rose notably to X tonnes, increasing by X% compared with the year before. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. The exports peaked at X tonnes in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, green bean exports amounted to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tonnes) was the main destination for green bean exports from Colombia, accounting for a X% share of total exports. Moreover, green bean exports to the United States exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. Qatar (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Qatar (+X% per year).

In value terms, the largest markets for green bean exported from Colombia were the United States ($X), Qatar ($X) and Panama ($X), with a combined X% share of total exports.

Among the main countries of destination, Qatar, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average green bean export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2018 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Panama ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+X%), while the prices for the other major destinations experienced a decline.

Green Bean Imports

Imports into Colombia

In 2021, after three years of growth, there was significant decline in purchases abroad of green beans, when their volume decreased by -X% to X tonnes. In general, imports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2019 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2020, and then shrank markedly in the following year.

In value terms, green bean imports plummeted to $X in 2021. Over the period under review, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, the United States (X tonnes) was the main supplier of green bean to Colombia, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of green bean to Colombia.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%.

Import Prices by Country

In 2021, the average green bean import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Source: IndexBox Platform