Colombia: Market for Peel Of Citrus Fruit Or Melons 2022

Market Size for Peel Of Citrus Fruit Or Melons in Colombia

After two years of growth, the Colombian market for peel of citrus fruit or melons decreased by -2.4% to $X in 2021. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Peel Of Citrus Fruit Or Melons in Colombia

In value terms, citrus fruit or melons peel production declined modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 50%. Citrus fruit or melons peel production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Colombia

In 2021, shipments abroad of peel of citrus fruit or melons was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 867%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports surged to $X in 2021. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 930%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for citrus fruit or melons peel exports from Colombia, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica stood at +27.6%.

In value terms, Costa Rica ($X) also remains the key foreign market for citrus fruit or melons peel exports from Colombia.

From 2012 to 2021, the average annual rate of growth in terms of value to Costa Rica amounted to +31.0%.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, with an increase of 5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 6.5%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +2.7% per year.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Colombia

After four years of growth, supplies from abroad of peel of citrus fruit or melons decreased by -98.9% to X kg in 2021. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 316% against the previous year. Imports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, citrus fruit or melons peel imports declined significantly to $X in 2021. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 148%. Imports peaked at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

In 2021, Italy (X kg) was the main supplier of citrus fruit or melons peel to Colombia, with a 97% share of total imports. It was followed by Belgium (X kg), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of citrus fruit or melons peel to Colombia, comprising 97% of total imports. The second position in the ranking was held by Belgium ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest.

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, increasing by 1,369% against the previous year. In general, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-10.8%).

Source: IndexBox Market Intelligence Platform

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