Colombia: Root And Tuber Market 2024

Root And Tuber Market Size in Colombia

The Colombian root and tuber market declined modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Colombia

In value terms, root and tuber production reduced to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The average yield of roots and tubers in Colombia reduced to X tons per ha in 2022, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average root and tuber yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in Colombia; with an increase of X% compared with the previous year. Over the period under review, the harvested area, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to root and tuber production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

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Root And Tuber Exports

Exports from Colombia

In 2022, overseas shipments of roots and tubers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, root and tuber exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for root and tuber exports from Colombia, accounting for a X% share of total exports. It was followed by Ecuador (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%).

Root And Tuber Imports

Imports into Colombia

In 2022, approx. X tons of roots and tubers were imported into Colombia; which is down by X% against 2021 figures. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports fell markedly to $X in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ecuador (X tons) and Spain (X tons) were the main suppliers of root and tuber imports to Colombia.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%).

In value terms, the largest root and tuber suppliers to Colombia were Spain ($X) and Ecuador ($X).

Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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