Colombia: Beef Market Overview 2020

Beef Market Size in Colombia

The revenue of the beef market in Colombia amounted to $X in 2017, surging by X% against the previous year. Overall, beef consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. Colombia beef consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Beef Production in Colombia

Beef production in Colombia amounted to X tonnes in 2017, therefore, remained relatively stable against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. Over the period under review, the beef production attained its maximum volume in 2017, and is likely to see steady growth in the near future. Beef output in Colombia indicated a slight expansion, which was largely conditioned by a slight increase of the producing animals and a relatively flat trend pattern in yield figures.

Average yield of beef (cattle meat) in Colombia stood at X kg per head in 2017, going down by -X% against the previous year. Overall, beef yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when yield increased by X% against the previous year. Over the period under review, the beef yield attained its peak figure level of X kg per head in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In 2017, producing animals of beef (cattle meat) in Colombia totaled X head, lowering by -X% against the previous year. In general, beef producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. Colombia beef producing animals peaked of X heads in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Beef Exports from Colombia

In 2017, the amount of beef (cattle meat) exported from Colombia totaled X tonnes, coming up by X% against the previous year. In general, beef exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. In that year, the beef exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, beef exports stood at $X in 2017. In general, beef exports continue to indicate a strong expansion. In that year, the beef exports attained their peak level, and are likely to continue its growth in the immediate term.

Beef Exports by Country from Colombia

India (X tonnes), Brazil (X tonnes), Australia (X tonnes) and the U.S. (X tonnes) represented roughly X% of total exports of beef (cattle meat) in 2017. The Netherlands (X tonnes), New Zealand (X tonnes), Poland (X tonnes), Ireland (X tonnes), Paraguay (X tonnes), Canada (X tonnes), Uruguay (X tonnes) and Argentina (X tonnes) occupied the mild share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), Australia ($X) and Brazil ($X), together accounting for X% of total exports. India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina, Paraguay and Colombia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , India (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in Colombia

The beef export price in Colombia stood at $X per tonne in 2017, shrinking by -X% against the previous year. Overall, beef export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, an increase of X% y-o-y. In that year, the export prices for beef (cattle meat) reached their peak level of $X per tonne, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports into Colombia

Beef imports into Colombia stood at X tonnes in 2017, increasing by X% against the previous year. Overall, beef imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the beef imports attained its peak figure volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, beef imports stood at $X in 2017. In general, beef imports continue to indicate a remarkable growth. Colombia imports peaked in 2017, and are likely to see steady growth in the immediate term.

Beef Imports by Country into Colombia

In 2017, the U.S. (X tonnes), Viet Nam (X tonnes), China (X tonnes), Japan (X tonnes), China, Hong Kong SAR (X tonnes), Italy (X tonnes), South Korea (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Egypt (X tonnes), Russia (X tonnes) and the UK (X tonnes) were the key importers of beef (cattle meat) in the world, comprising X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Viet Nam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia, Egypt and Colombia lagged somewhat behind, together comprising a further X%.

Viet Nam (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Colombia

In 2017, the beef import price in Colombia amounted to $X per tonne, growing by X% against the previous year. In general, the import price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef import price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014, an increase of X% year-to-year. In that year, the import prices for beef (cattle meat) reached their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for beef (cattle meat) stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform