Latest Report Update: Mar 31, 2021

Colombia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Colombia: Virgin Olive Oil Market Overview 2021

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global palm oil market.

Thursday, May 6th, 2021 @ 10:00 am ET

Register Now

Virgin Olive Oil Market Size in Colombia

In 2019, the Colombian virgin olive oil market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Over the period under review, consumption recorded prominent growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018, and then reduced in the following year.

Virgin Olive Oil Exports

Exports from Colombia

In 2019, overseas shipments of olive oil (virgin) increased by X% to X tonnes, rising for the fourth consecutive year after eight years of decline. Overall, exports, however, continue to indicate a abrupt decline. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, virgin olive oil exports soared to $X in 2019. Over the period under review, exports, however, showed a pronounced decrease. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Guatemala (X tonnes) was the main destination for virgin olive oil exports from Colombia, accounting for a X% share of total exports. It was followed by Spain (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Guatemala totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Canada (-X% per year).

In value terms, Guatemala ($X) remains the key foreign market for virgin olive oil exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Guatemala totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Canada (+X% per year).

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, export price indicated strong growth 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, virgin olive oil export price increased by +X% against 2007 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Guatemala ($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 Canada, while the prices for the other major destinations experienced mixed trend patterns.

Virgin Olive Oil Imports

Imports into Colombia

In 2019, the amount of olive oil (virgin) imported into Colombia rose markedly to X tonnes, picking up by X% on the previous year's figure. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, virgin olive oil imports dropped to $X in 2019. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018, and then declined in the following year.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of virgin olive oil to Colombia, accounting for a X% share of total imports. Moreover, virgin olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Italy (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of virgin olive oil to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average virgin olive oil import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olive oil (virgin) in the world?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), together accounting for 55% of global consumption. These countries were followed by the U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany, which together accounted for a further 28%.
What are the largest producers of olive oil (virgin) in the world?
+
Spain (1.7M tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of olive oil (virgin) to Colombia?
+
In value terms, Spain ($16M) constituted the largest supplier of virgin olive oil to Colombia, comprising 86% of total imports. The second position in the ranking was occupied by Argentina ($1M), with a 5.5% share of total imports.
What are the leading importers of olive oil (virgin) from Colombia?
+
In value terms, Guatemala ($36K) remains the key foreign market for virgin olive oil exports from Colombia, comprising 86% of total exports. The second position in the ranking was occupied by Spain ($4.1K), with a 10% share of total exports.
What is the average export price for olive oil (virgin) in Colombia?
+
In 2019, the average virgin olive oil export price amounted to $5,853 per tonne, increasing by 9% against the previous year.
What is the average import price for olive oil (virgin) in Colombia?
+
The average virgin olive oil import price stood at $4,096 per tonne in 2019, dropping by -18.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global palm oil market.



Thursday, May 6th, 2021 @ 10:00 am ET


Register

Webinar: Global Gym and Fitness Equipment Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global gym and fitness equipment market.



Thursday, April 22nd, 2021 @ 10:00 am ET


Register

Webinar: Global Fertilizer Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global fertilizer market.



Thursday, May 13th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data