Colombia: Orange Juice Market Overview 2020

Orange Juice Market Size in Colombia

The revenue of the orange juice market in Colombia amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, orange juice consumption, however, continues to indicate a strong increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Orange juice consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Orange Juice Exports

Exports from Colombia

In 2018, approx. X tonnes of orange juice were exported from Colombia; reducing by -X% against the previous year. Over the period under review, orange juice exports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. In that year, orange juice exports attained their peak of X tonnes. From 2012 to 2018, the growth of orange juice exports remained at a somewhat lower figure.

In value terms, orange juice exports amounted to $X in 2018. Over the period under review, orange juice exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

El Salvador (X tonnes), the U.S. (X tonnes) and Brazil (X tonnes) were the main destinations of orange juice exports from Colombia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Brazil, while the other leaders experienced mixed trend patterns.

In value terms, El Salvador ($X) remains the key foreign market for orange juice exports from Colombia, comprising X% of total orange juice exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to El Salvador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

The average orange juice export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the export price indicated a temperate expansion 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, orange juice export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per tonne), while the average price for exports to the U.S. ($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 Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Orange Juice Imports

Imports into Colombia

Orange juice imports into Colombia amounted to X tonnes in 2018, coming down by -X% against the previous year. In general, orange juice imports, however, continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, orange juice imports reached their maximum at X tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, orange juice imports amounted to $X in 2018. Overall, orange juice imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tonnes), Brazil (X tonnes) and the U.S. (X tonnes) were the main suppliers of orange juice imports to Colombia, together accounting for X% of total imports. Argentina and Spain lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice suppliers to Colombia were Mexico ($X), Brazil ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by Argentina and Spain, which together accounted for a further X recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orange juice import price stood at $X per tonne in 2018, leveling off at the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. The import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Mexico ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform