Colombia - Nuts - Market Analysis, Forecast, Size, Trends and Insights

Colombia: Nut Market Overview 2019

Nut Market Size in Colombia

The revenue of the nut market in Colombia amounted to $X in 2017, approximately equating the previous year. Overall, nut consumption continues to indicate an outstanding growth. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Colombia nut consumption peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Nut Production in Colombia

In 2017, the amount of nuts produced in Colombia stood at X kg, stabilizing at the previous year. Overall, nut production continues to indicate a precipitous deduction. Over the period under review, the nut production attained its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Nut output in Colombia indicated a sharp deduction, which was largely conditioned by a dramatic curtailment of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average yield of nuts in Colombia stood at X kg per ha, remaining relatively unchanged against the previous year. Overall, nut yield continues to indicate 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 2017, harvested area of nuts in Colombia amounted to X ha, approximately equating the previous year. In general, nut harvested area continues to indicate a relatively flat trend pattern.

Nut Exports from Colombia

In 2017, approx. X tonnes of nuts were exported from Colombia; waning by -X% against the previous year. Overall, nut exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. Over the period under review, the nut exports attained its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, nut exports totaled $X in 2017. In general, nut exports continue to indicate a remarkable increase. Over the period under review, the nut exports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Nut Exports by Country from Colombia

In 2017, the U.S. (X tonnes) was the major exporter for nuts, generating X% of total exports. It was distantly followed by China, Hong Kong SAR (X tonnes), comprising X% share of total exports. The following exporters - China (X tonnes), Chile (X tonnes), Australia (X tonnes), Mexico (X tonnes), France (X tonnes), Tanzania (X tonnes), Benin (X tonnes), Italy (X tonnes), Cote d'Ivoire (X tonnes) and the United Arab Emirates (X tonnes) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to nut exports from the U.S. stood at +X%. At the same time, Tanzania (+X%), Chile (+X%), Australia (+X%), the United Arab Emirates (+X%), Mexico (+X%), Cote d'Ivoire (+X%), Italy (+X%) and Benin (+X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. China, Hong Kong SAR, France and China experienced a relatively flat trend pattern. While the share of Mexico (-X%), Tanzania (-X%), Australia (-X%), Chile (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest nut supplier from Colombia, making up X% of global exports. The second position in the ranking was occupied by Tanzania ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., nut exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (+X% per year) and China, Hong Kong SAR (-X% per year).

Nut Export Prices by Country in Colombia

The nut export price in Colombia stood at $X per tonne in 2017, picking up by X% against the previous year. In general, nut export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% against the previous year. Colombia export price peaked of $X per tonne in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per kg), while Benin ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Nut Imports into Colombia

In 2017, nut imports into Colombia stood at X tonnes, going up by X% against the previous year. Overall, nut imports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2017, with an increase of X% against the previous year. Colombia imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, nut imports amounted to $X in 2017. Overall, the total imports indicated a measured growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the nut imports decreased by -X% against 2015 indices. Over the period under review, the nut imports reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Nut Imports by Country into Colombia

India (X tonnes) and Viet Nam (X tonnes) were the largest importers of nuts in 2017, resulting at near X% and X% of total imports, respectively. China, Hong Kong SAR (X tonnes) held the second position in the ranking, followed by Italy (X tonnes). All these countries together took approx. X% share of total imports. China (X tonnes), the United Arab Emirates (X tonnes), Germany (X tonnes), the U.S. (X tonnes), Turkey (X tonnes), Spain (X tonnes), Mexico (X tonnes) and Sierra Leone (X tonnes) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Viet Nam ($X) and China, Hong Kong SAR ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Italy, Germany, China, Spain, the U.S., Turkey, the United Arab Emirates, Mexico, Sierra Leone and Colombia, which together accounted for a further X%.

In terms of the main importing countries , Turkey (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Nut Import Prices by Country in Colombia

In 2017, the nut import price in Colombia amounted to $X per tonne, coming down by -X% against the previous year. Overall, nut import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015, when the import prices increased by X% year-to-year. In that year, the import prices for nuts reached their peak level of $X per tonne. From 2016 to 2017, growth of the import prices for nuts stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform