Colombia: Meat Market 2024

Meat Market Size in Colombia

In 2022, the Colombian meat market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Meat Production in Colombia

In value terms, meat production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of meat in Colombia shrank modestly to X kg per head in 2022, leveling off at the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The meat yield peaked at X kg per head in 2015; however, from 2016 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for meat production in Colombia fell to X heads in 2022, approximately equating the previous year's figure. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then reduced slightly in the following year.

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Meat Exports

Exports from Colombia

In 2022, after five years of growth, there was significant decline in overseas shipments of meat, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, meat exports fell markedly to $X in 2022. Overall, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for meat exports from Colombia, with a X% share of total exports. Moreover, meat exports to Russia exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was held by Lebanon (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Lebanon (X% per year).

In value terms, Russia ($X) remains the key foreign market for meat exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Colombia

In 2022, approx. X tons of meat were imported into Colombia; increasing by X% on the previous year's figure. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, meat imports rose markedly to $X in 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of meat to Colombia, with a X% share of total imports. Moreover, meat imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), sevenfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Canada (X% per year).

In value terms, the United States ($X) constituted the largest supplier of meat to Colombia, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Chile ($X per ton), while the price for Canada ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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