
Colombia - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights
Colombia: Oleo Oils Market 2022
Oleo Oils Market Size in Colombia
The Colombian oleo oils market fell to $X in 2021, waning by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.
Oleo Oils Production in Colombia
In value terms, oleo oils production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.
Oleo Oils Exports
Exports from Colombia
In 2021, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -X% to X kg, falling for the second consecutive year after four years of growth. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, oleo oils exports contracted dramatically to $X in 2021. In general, exports faced a sharp decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Aruba (X kg) was the main destination for oleo oils exports from Colombia, accounting for a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Aruba amounted to -X%.
In value terms, Aruba ($X) also remains the key foreign market for oleo oils exports from Colombia.
From 2012 to 2021, the average annual growth rate of value to Aruba stood at -X%.
Export Prices by Country
In 2021, the average oleo oils export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the 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 Aruba.
From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to -X% per year.
Oleo Oils Imports
Imports into Colombia
In 2021, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a notable expansion. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.
In value terms, oleo oils imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, the United States (X tons) was the main oleo oils supplier to Colombia, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%.
In value terms, the United States ($X) constituted the largest supplier of oleo oils to Colombia.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +X%.
Import Prices by Country
In 2021, the average oleo oils import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleo oils import price increased by +X% against 2013 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the oleo oils 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global oleo oils market.
This report provides an in-depth analysis of the oleo oils market in the EU.
This report provides an in-depth analysis of the oleo oils market in Asia.
This report provides an in-depth analysis of the oleo oils market in the U.S..
This report provides an in-depth analysis of the oleo oils market in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET