Report Colombia - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Colombia - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Grain Market 2022

Grain Market Size in Colombia

In 2021, the Colombian grain market increased by 1.7% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Grain consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Grain Production in Colombia

In value terms, grain production stood at $X in 2021 estimated in export price. In general, production recorded a slight decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 89%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

The average yield of cereal grains in Colombia dropped to X tons per ha in 2021, with a decrease of -2.2% compared with the previous year. The yield figure increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 26%. Over the period under review, the average grain yield hit record highs at X tons per ha in 2020, and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the grain harvested area in Colombia shrank slightly to X ha, which is down by -2.8% on 2020. In general, the harvested area recorded a perceptible decline. The pace of growth was the most pronounced in 2016 when the harvested area increased by 8.6%. The grain harvested area peaked at X ha in 2013; however, from 2014 to 2021, the harvested area failed to regain momentum.

Grain Exports

Exports from Colombia

In 2021, shipments abroad of cereal grains increased by 62% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, continue to indicate a pronounced downturn. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, grain exports soared to $X in 2021. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 85% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for grain exports from Colombia, accounting for a 39% share of total exports. Moreover, grain exports to Venezuela exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Venezuela stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+203.2% per year) and the United States (+32.9% per year).

In value terms, Venezuela ($X) remains the key foreign market for grain exports from Colombia, comprising 71% of total exports. The second position in the ranking was held by Peru ($X), with a 16% share of total exports. It was followed by Panama, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.6% per year) and Panama (+125.4% per year).

Export Prices by Country

The average grain export price stood at $X per ton in 2021, which is down by -13.3% against the previous year. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in 2014 an increase of 136%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Colombia

In 2021, overseas purchases of cereal grains decreased by -2.5% to X tons for the first time since 2014, thus ending a six-year rising trend. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.5% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 26%. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, grain imports soared to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest grain supplier to Colombia, accounting for a 57% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. Argentina (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+7.6% per year) and Argentina (-10.8% per year).

In value terms, the United States ($X) constituted the largest supplier of grain to Colombia, comprising 61% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports. It was followed by Argentina, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+6.4% per year) and Argentina (-9.0% per year).

Import Prices by Country

The average grain import price stood at $X per ton in 2021, rising by 25% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Canada ($X per ton) and Brazil ($X per ton), while the price for Paraguay ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cereal grains in the world?
+
China remains the largest grain consuming country worldwide, accounting for 22% of total volume. Moreover, grain consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by India, with an 11% share.
What are the largest producers of cereal grains in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and India, together accounting for 46% of global production. These countries were followed by Russia, Brazil, Argentina, Indonesia, Ukraine, France, Canada, Bangladesh, Vietnam and Germany, which together accounted for a further 25%.
What are the leading suppliers of cereal grains to Colombia?
+
In value terms, the United States constituted the largest supplier of grain to Colombia, comprising 61% of total imports. The second position in the ranking was taken by Canada, with a 20% share of total imports. It was followed by Argentina, with an 18% share.
What are the leading importers of cereal grains from Colombia?
+
In value terms, Venezuela remains the key foreign market for grain exports from Colombia, comprising 71% of total exports. The second position in the ranking was held by Peru, with a 16% share of total exports. It was followed by Panama, with a 5% share.
What is the average export price for cereal grains in Colombia?
+
The average grain export price stood at $1,945 per ton in 2021, reducing by -13.3% against the previous year.
What is the average import price for cereal grains in Colombia?
+
In 2021, the average grain import price amounted to $270 per ton, picking up by 25% against the previous year.

This report provides an in-depth analysis of the grain 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:
• FCL 108 - Cereals, nes
• FCL 103 - Mixed grain
• FCL 92 - Quinoa
• FCL 15 - Wheat
• FCL 71 - Rye
• FCL 44 - Barley
• FCL 75 - Oats
• FCL 56 - Maize
• FCL 27 - Rice, paddy
• FCL 83 - Sorghum
• FCL 89 - Buckwheat
• FCL 101 - Canary seed
• FCL 94 - Fonio
• FCL 97 - Triticale
• FCL 79 - Millet
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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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