Colombia: Mushroom And Truffle Market 2022

Mushroom And Truffle Market Size in Colombia

For the fourth consecutive year, the Colombian mushroom and truffle market recorded growth in sales value, which increased by less than X% to $X in 2021. Overall, consumption showed a remarkable increase. Mushroom and truffle consumption peaked in 2021 and is expected to retain growth in the immediate term.

Mushroom And Truffle Production in Colombia

In value terms, mushroom and truffle production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

In 2021, the average yield of mushrooms and truffles in Colombia was estimated at less than X kg per ha, remaining stable against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the mushroom and truffle harvested area in Colombia stood at less than X ha, remaining relatively unchanged against 2020 figures. Overall, the harvested area showed a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Colombia

In 2021, the amount of mushrooms and truffles exported from Colombia declined to X tons, falling by -X% against the previous year's figure. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mushroom and truffle exports dropped notably to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for mushroom and truffle exports from Colombia, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Costa Rica exceeded the volume sent to the second major destination, Panama (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Costa Rica amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-X% per year) and the United States (+X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for mushroom and truffle exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Costa Rica amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Panama (-X% per year).

Export Prices by Country

In 2021, the average mushroom and truffle export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($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 Guatemala (-X%), while the prices for the other major destinations experienced a decline.

Mushroom And Truffle Imports

Imports into Colombia

Mushroom and truffle imports into Colombia dropped remarkably to X kg in 2021, declining by -X% against the previous year's figure. Over the period under review, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mushroom and truffle imports shrank markedly to $X in 2021. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X kg) was the main supplier of mushroom and truffle to Colombia, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -X%.

In value terms, Italy ($X) constituted the largest supplier of mushroom and truffle to Colombia.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -X%.

Import Prices by Country

In 2021, the average mushroom and truffle import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a significant increase. 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 Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +X% per year.

Source: IndexBox Market Intelligence Platform