Colombia: Nuts Market Overview 2021

Nuts Market Size in Colombia

The Colombian nuts market rose significantly to $X in 2019, surging by X% against the previous year. Overall, the total consumption indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2019 and is likely to continue growth in years to come.

Nuts Production in Colombia

In value terms, nuts production expanded sharply to $X in 2019 estimated in export prices. Over the period under review, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in years to come.

Nuts Exports

Exports from Colombia

In 2019, shipments abroad of nuts (prepared or preserved) increased by X% to X tonnes, rising for the second consecutive year after four years of decline. In general, exports saw perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, nuts exports rose remarkably to $X in 2019. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Peru (X tonnes), the U.S. (X tonnes) and Mexico (X tonnes) were the main destinations of nuts exports from Colombia, together accounting for X% of total exports. Ecuador, Canada, Barbados and Brazil lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Brazil (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts exported from Colombia were the U.S. ($X), Mexico ($X) and Ecuador ($X), together comprising X% of total exports. Peru, Canada, Barbados and Brazil lagged somewhat behind, together accounting for a further X the main countries of destination, Brazil (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average nuts export price amounted to $X per tonne, approximately equating the previous year. In general, export price indicated a pronounced expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, nuts export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Brazil ($X per tonne), while the average price for exports to Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Colombia

In 2019, approx. X tonnes of nuts (prepared or preserved) were imported into Colombia; increasing by X% against the previous year. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, nuts imports skyrocketed to $X in 2019. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest nuts supplier to Colombia, with a X% share of total imports. Moreover, nuts imports from the U.S. exceeded the figures recorded by the second-largest supplier, Costa Rica (X tonnes), sixfold. Brazil (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Brazil (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of nuts to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The average nuts import price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts consumption in 2019 were China (1.3M tonnes), the U.S. (711K tonnes) and Turkey (637K tonnes), together comprising 28% of global consumption. These countries were followed by India, Japan, Pakistan, Russia, Brazil, Indonesia, Italy, Bangladesh, France and Mexico, which together accounted for a further 29%.

What are the largest producers of nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts production in 2019 were China (1.4M tonnes), Turkey (766K tonnes) and the U.S. (757K tonnes), together accounting for 31% of global production. India, Russia, Pakistan, Japan, Brazil, Indonesia, Italy, Bangladesh, Mexico and France lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of nuts (prepared or preserved) to Colombia?

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In value terms, the U.S. ($7.2M) constituted the largest supplier of nuts to Colombia, comprising 75% of total imports. The second position in the ranking was occupied by Chile ($620K), with a 6.5% share of total imports. It was followed by Brazil, with a 6.1% share.

What are the leading importers of nuts (prepared or preserved) from Colombia?

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In value terms, the largest markets for nuts exported from Colombia were the U.S. ($478K), Mexico ($400K) and Ecuador ($397K), with a combined 60% share of total exports. These countries were followed by Peru, Canada, Barbados and Brazil, which together accounted for a further 34%.

What is the average export price for nuts (prepared or preserved) in Colombia?

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The average nuts export price stood at $5,826 per tonne in 2019, remaining constant against the previous year.

What is the average import price for nuts (prepared or preserved) in Colombia?

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The average nuts import price stood at $7,633 per tonne in 2019, with an increase of 18% against the previous year.