Colombia: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Colombia

The Colombian preserved swine meat market expanded significantly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Preserved Swine Meat Production in Colombia

In value terms, preserved swine meat production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Preserved Swine Meat Exports

Exports from Colombia

In 2021, the amount of prepared or preserved hams and cuts of swine meat exported from Colombia skyrocketed to X kg, with an increase of X% on the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat exports totaled $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Panama (X kg) was the main destination for preserved swine meat exports from Colombia, with a X% share of total exports. It was followed by Aruba (X kg), with a X% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to Panama was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for prepared or preserved hams and cuts of swine meat exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Aruba ($X), with a X% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Aruba totaled $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%).

Preserved Swine Meat Imports

Imports into Colombia

In 2022, purchases abroad of prepared or preserved hams and cuts of swine meat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat imports surged to $X in 2022. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of preserved swine meat imports to Colombia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of prepared or preserved hams and cuts of swine meat to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports.

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

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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