Colombia: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Colombia

For the fourth year in a row, the Colombian brazil nut market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption faced a dramatic decrease. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Brazil Nut Exports

Exports from Colombia

In 2019, shipments abroad of brazil nuts decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at X kg in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, brazil nut exports dropped to $X in 2019. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2011 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Curacao (X kg) was the main destination for brazil nut exports from Colombia, accounting for a approx. X% share of total exports.

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

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

Export Prices by Country

In 2019, the average brazil nut export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

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

Brazil Nut Imports

Imports into Colombia

Brazil nut imports into Colombia reduced sharply to X kg in 2019, with a decrease of -X% compared with the previous year's figure. In general, imports recorded a dramatic setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, brazil nut imports contracted to $X in 2019. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2015, the U.S. (X kg) was the main brazil nut supplier to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2015, the average annual growth rate of volume from the U.S. was relatively modest.

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

From 2007 to 2015, the average annual growth rate of value from the U.S. was relatively modest.

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2015, rising by X% against the previous year. In general, the import price posted a resilient expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2015 and is expected to retain growth in years to come.

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

From 2007 to 2015, 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 brazil nuts in the world?

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The countries with the highest volumes of brazil nut consumption in 2019 were Bolivia (31K tonnes), Brazil (28K tonnes) and Ghana (20K tonnes), with a combined 74% share of global consumption. Peru, Indonesia, Viet Nam and Afghanistan lagged somewhat behind, together comprising a further 19%.

What are the largest producers of brazil nuts in the world?

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The countries with the highest volumes of brazil nut production in 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), together accounting for 76% of global production. Indonesia, Peru, Afghanistan and Benin lagged somewhat behind, together comprising a further 19%.

What are the leading suppliers of brazil nuts to Colombia?

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In value terms, the U.S. ($3.1K) constituted the largest supplier of brazil nut to Colombia.

What is the average export price for brazil nuts in Colombia?

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The average brazil nut export price stood at $1,638 per tonne in 2019, shrinking by -2.1% against the previous year.

What is the average import price for brazil nuts in Colombia?

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The average brazil nut import price stood at $6,785 per tonne in 2015, rising by 11% against the previous year.