Colombia - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights

Colombia: Nuts Market Overview 2020

Nuts Market Size in Colombia

The revenue of the nuts market in Colombia amounted to $X in 2018, growing by X% against the previous year. Over the period under review, the total market indicated conspicuous growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nuts consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. In that year, the nuts market reached its peak level of $X. From 2016 to 2018, the growth of the nuts market failed to regain its momentum.

Nuts Production in Colombia

In value terms, nuts production stood at $X in 2018 estimated in export prices. Over the period under review, nuts production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when production volume increased by X% against the previous year. Nuts production peaked at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Nuts Exports

Exports from Colombia

In 2018, the amount of nuts (prepared or preserved) exported from Colombia stood at X tonnes, surging by X% against the previous year. Over the period under review, nuts exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, nuts exports totaled $X in 2018. In general, nuts exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, nuts exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

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. Jamaica, Panama, Guatemala, Canada, Bolivia, Ecuador, Costa Rica and Spain lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Canada (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), the U.S. ($X) and Mexico ($X) appeared to be the largest markets for nuts exported from Colombia worldwide, together accounting for X% of total exports. These countries were followed by Panama, Guatemala, Canada, Costa Rica, Bolivia, Ecuador, Jamaica and Spain, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average nuts export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price indicated a moderate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, nuts export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. In that year, the average export prices for nuts (prepared or preserved) attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for nuts (prepared or preserved) failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per tonne), while the average price for exports to Jamaica ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Panama, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Colombia

In 2018, the amount of nuts (prepared or preserved) imported into Colombia stood at X tonnes, falling by -X% against the previous year. In general, nuts imports, however, continue to indicate outstanding growth. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, nuts imports totaled $X in 2018. Overall, nuts imports, however, continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, nuts imports reached their maximum at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest supplier of nuts to Colombia, accounting for 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), ninefold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Mexico (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from the U.S. totaled +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 2018, rising by X% against the previous year. In general, the nuts import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for nuts (prepared or preserved) reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform