Colombia: Pork Market 2024

Pork Market Size in Colombia

The Colombian pork market dropped slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Pork consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pork Production in Colombia

In value terms, pork production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 when the production volume increased by X%. Pork production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of pork in Colombia dropped to X kg per head in 2022, remaining stable against the year before. Overall, the yield, however, recorded a mild increase. The growth pace was the most rapid in 2016 with an increase of X%. The pork yield peaked at X kg per head in 2021, and then shrank in the following year.

The number of animals slaughtered for pork production in Colombia contracted to X heads in 2022, reducing by X% compared with 2021 figures. In general, the total number of producing animals indicated a temperate increase from 2012 to 2022: its figure 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, number of animals slaughtered for pork production increased by X% against 2013 indices. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by X%. The number of animals slaughtered for pork production peaked at X heads in 2021, and then contracted modestly in the following year.

Pork Exports

Exports from Colombia

In 2022, the amount of pork exported from Colombia surged to X tons, rising by X% against the previous year. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, pork exports surged to $X in 2022. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X tons) was the main destination for pork exports from Colombia, with a X% share of total exports. Moreover, pork exports to Cuba exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba was relatively modest.

In value terms, Cuba ($X) emerged as the key foreign market for pork exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba was relatively modest.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell remarkably in the following year.

Average prices varied noticeably for the major export 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 Cuba amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Colombia

In 2022, imports of pork into Colombia expanded notably to X tons, picking up by X% compared with the year before. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pork imports expanded to $X in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of pork to Colombia, with a X% share of total imports. Moreover, pork imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Canada (X% per year).

In value terms, the United States ($X) constituted the largest supplier of pork to Colombia, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with an X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Chile ($X per ton), while the price for Canada ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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