Latest Report Update: Apr 19, 2021

Colombia - Crude Palm Oil - 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: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Colombia

The Colombian crude palm oil market shrank modestly to $X in 2019, declining by -X% against the previous year. In general, the total consumption indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Crude palm oil consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Crude Palm Oil Production in Colombia

In value terms, crude palm oil production contracted to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Crude Palm Oil Exports

Exports from Colombia

In 2019, shipments abroad of crude palm oil decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2018, and then fell in the following year.

In value terms, crude palm oil exports dropped dramatically to $X in 2019. Overall, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018, and then dropped markedly in the following year.

Exports by Country

The Netherlands (X tonnes) was the main destination for crude palm oil exports from Colombia, with a X% share of total exports. Moreover, crude palm oil exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tonnes), twofold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Mexico (+X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for crude palm oil exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

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

Export Prices by Country

The average crude palm oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price showed a pronounced downturn. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2019, the countries with the highest prices were Ecuador ($X per tonne) and the Dominican Republic ($X per tonne), while the average price for exports to Spain ($X per tonne) and Mexico ($X per tonne) were 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 a decline.

Crude Palm Oil Imports

Imports into Colombia

In 2019, after seven years of growth, there was significant decline in overseas purchases of crude palm oil, when their volume decreased by -X% to X tonnes. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018, and then declined remarkably in the following year.

In value terms, crude palm oil imports plummeted to $X in 2019. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2018, and then reduced markedly in the following year.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest crude palm oil supplier to Colombia, accounting for a X% share of total imports. Moreover, crude palm oil imports from Ecuador exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), twofold. Peru (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 Ecuador stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Peru (+X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of crude palm oil to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Peru (+X% per year).

Import Prices by Country

The average crude palm oil import price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Peru ($X per tonne) and Ecuador ($X per tonne), while the price for Honduras ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, 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 crude palm oil in the world?
+
Indonesia (36M tonnes) constituted the country with the largest volume of crude palm oil consumption, accounting for 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. India (6.6M tonnes) ranked third in terms of total consumption with a 8.5% share.
What are the largest producers of crude palm oil in the world?
+
Indonesia (44M tonnes) remains the largest crude palm oil producing country worldwide, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.
What are the leading suppliers of crude palm oil to Colombia?
+
In value terms, Ecuador ($53M) constituted the largest supplier of crude palm oil to Colombia, comprising 57% of total imports. The second position in the ranking was occupied by Brazil ($23M), with a 24% share of total imports. It was followed by Peru, with a 14% share.
What are the leading importers of crude palm oil from Colombia?
+
In value terms, the Netherlands ($116M) remains the key foreign market for crude palm oil exports from Colombia, comprising 42% of total exports. The second position in the ranking was occupied by Spain ($46M), with a 17% share of total exports. It was followed by Mexico, with a 13% share.
What is the average export price for crude palm oil in Colombia?
+
The average crude palm oil export price stood at $499 per tonne in 2019, dropping by -18.1% against the previous year.
What is the average import price for crude palm oil in Colombia?
+
In 2019, the average crude palm oil import price amounted to $610 per tonne, reducing by -6.8% against the previous year.

Product coverage:
• FCL 257 - Oil of palm

This report provides an in-depth analysis of the crude palm 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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



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



Tuesday, May 18th, 2021 @ 04:00 pm ET


Register

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



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



Tuesday, June 1st, 2021 @ 04:00 pm ET


Register

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



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



Thursday, June 10th, 2021 @ 04:00 pm ET


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