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Colombia - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Peanut Butter Market Overview 2021

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Peanut Butter Market Size in Colombia

In 2019, the Colombian peanut butter market decreased by -X% to $X, falling for the third consecutive year after six years of growth. In general, the total consumption indicated a measured 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 2016 indices. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Peanut butter consumption peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Peanut Butter Production in Colombia

In value terms, peanut butter production amounted to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a perceptible 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, production decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

Peanut Butter Exports

Exports from Colombia

For the fourth consecutive year, Colombia recorded growth in shipments abroad of peanut butter and prepared or preserved groundnuts, which increased by X% to X tonnes in 2019. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2019 and are likely to see gradual growth in years to come.

In value terms, peanut butter exports skyrocketed to $X in 2019. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tonnes) was the main destination for peanut butter exports from Colombia, with a X% share of total exports. Moreover, peanut butter exports to Mexico exceeded the volume sent to the second major destination, Panama (X tonnes), fourfold. The third position in this ranking was occupied by Chile (X tonnes), with a X% share.

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

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

From 2007 to 2019, the average annual rate of growth in terms of value to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2019, the average peanut butter export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Panama ($X per tonne), while the average price for exports to Mexico ($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 Panama, while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Colombia

In 2019, after three years of growth, there was significant decline in overseas purchases of peanut butter and prepared or preserved groundnuts, when their volume decreased by -X% to X tonnes. In general, imports showed a noticeable contraction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, peanut butter imports contracted rapidly to $X in 2019. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Argentina (X tonnes) constituted the largest supplier of peanut butter to Colombia, with a X% share of total imports. Moreover, peanut butter imports from Argentina exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fivefold. India (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 Argentina stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

In value terms, the largest peanut butter suppliers to Colombia were Argentina ($X), the U.S. ($X) and Mexico ($X), together accounting for X% of total imports. These countries were followed by India, Brazil and China, which together accounted for a further X terms of the main suppliers, India (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average peanut butter import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
The country with the largest volume of peanut butter consumption was China (859K tonnes), accounting for 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. The third position in this ranking was occupied by India (332K tonnes), with a 6.5% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
China (1.2M tonnes) remains the largest peanut butter producing country worldwide, comprising approx. 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. The third position in this ranking was occupied by India (352K tonnes), with a 6.7% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Colombia?
+
In value terms, Argentina ($1.9M), the U.S. ($1.1M) and Mexico ($248K) constituted the largest peanut butter suppliers to Colombia, with a combined 89% share of total imports. These countries were followed by India, Brazil and China, which together accounted for a further 11%.
What are the leading importers of peanut butter and prepared or preserved groundnuts from Colombia?
+
In value terms, Mexico ($1.4M) remains the key foreign market for peanut butter exports from Colombia, comprising 42% of total exports. The second position in the ranking was occupied by Panama ($578K), with a 18% share of total exports. It was followed by Chile, with a 8.4% share.
What is the average export price for peanut butter and prepared or preserved groundnuts in Colombia?
+
The average peanut butter export price stood at $3,639 per tonne in 2019, declining by -1.6% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Colombia?
+
In 2019, the average peanut butter import price amounted to $2,025 per tonne, rising by 6.8% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter 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

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