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Colombia - Potato Chips - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Potato Chips Market Overview 2021

Potato Chips Market Size in Colombia

In 2020, after five years of growth, there was significant decline in the Colombian potato chips market, when its value decreased by -X% to $X. Overall, the total consumption indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Potato chips consumption peaked at $X in 2019, and then dropped in the following year.

Potato Chips Production in Colombia

In value terms, potato chips production shrank to $X in 2020 estimated in export prices. Over the period under review, the total production indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Potato chips production peaked at $X in 2019, and then reduced in the following year.

Potato Chips Exports

Exports from Colombia

In 2020, the amount of potato chips exported from Colombia shrank sharply to X tonnes, falling by -X% against the previous year's figure. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, potato chips exports shrank notably to $X in 2020. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Panama (X tonnes) was the main destination for potato chips exports from Colombia, with a X% share of total exports. Moreover, potato chips exports to Panama exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by Venezuela (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Panama totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Venezuela (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Panama amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Venezuela (-X% per year).

Export Prices by Country

The average potato chips export price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Spain ($X per tonne), while the average price for exports to Venezuela ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Colombia

In 2020, potato chips imports into Colombia contracted remarkably to X tonnes, which is down by -X% on 2019. In general, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2019, and then reduced remarkably in the following year.

In value terms, potato chips imports dropped markedly to $X in 2020. Overall, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then dropped rapidly in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of potato chips to Colombia, with a X% share of total imports. Moreover, potato chips imports from the U.S. exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Mexico (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of potato chips to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Mexico (-X% per year).

Import Prices by Country

In 2020, the average potato chips import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, import price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 an increase of X% y-o-y. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato chips in the world?
+
The countries with the highest volumes of potato chips consumption in 2020 were the U.S. (2.7M tonnes), China (2.5M tonnes) and India (999K tonnes), together comprising 38% of global consumption. Japan, Brazil, Italy, Germany, Indonesia, Bangladesh, Mexico, Pakistan and Ethiopia lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of potato chips in the world?
+
The countries with the highest volumes of potato chips production in 2020 were the U.S. (2.7M tonnes), China (2.5M tonnes) and India (1,000K tonnes), with a combined 38% share of global production. These countries were followed by Brazil, Japan, Indonesia, Italy, Germany, the Netherlands, Bangladesh, Mexico, Pakistan and Ethiopia, which together accounted for a further 24%.
What are the leading suppliers of potato chips to Colombia?
+
In value terms, the U.S. ($390K) constituted the largest supplier of potato chips to Colombia, comprising 90% of total imports. The second position in the ranking was occupied by Spain ($23K), with a 5.2% share of total imports.
What are the leading importers of potato chips from Colombia?
+
In value terms, Panama ($365K) remains the key foreign market for potato chips exports from Colombia, comprising 60% of total exports. The second position in the ranking was occupied by the U.S. ($107K), with a 18% share of total exports. It was followed by Venezuela, with a 15% share.
What is the average export price for potato chips in Colombia?
+
The average potato chips export price stood at $4,674 per tonne in 2020, waning by -12.7% against the previous year.
What is the average import price for potato chips in Colombia?
+
In 2020, the average potato chips import price amounted to $3,330 per tonne, reducing by -31.4% against the previous year.

Product coverage:
• Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)

This report provides an in-depth analysis of the potato chips 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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