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Colombia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Soya Bean Market Overview 2021

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Soya Bean Market Size in Colombia

In 2020, the Colombian soya bean market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated a measured increase from 2007 to 2020: its value 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. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Soya bean consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Soya Bean Production in Colombia

In value terms, soya bean production expanded markedly to $X in 2020 estimated in export prices. Over the period under review, production recorded a strong increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is likely to see steady growth in the near future.

The average yield of soya beans in Colombia expanded to X tonnes per ha in 2020, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the yield increased by X% against the previous year. Over the period under review, the average soya bean yield reached the peak level at X tonnes per ha in 2017; afterwards, it flattened through to 2020. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Colombia was estimated at X ha in 2020, growing by X% against 2019 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The soya bean harvested area peaked in 2020 and is expected to retain growth in the near future.

Soya Bean Exports

Exports from Colombia

In 2020, soya bean exports from Colombia dropped sharply to X tonnes, shrinking by -X% against 2019. In general, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, soya bean exports reduced markedly to $X in 2020. Overall, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Ecuador (X tonnes) was the main destination for soya bean exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Ecuador stood at -X%.

In value terms, Ecuador ($X) also remains the key foreign market for soya bean exports from Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value to Ecuador stood at -X%.

Export Prices by Country

The average soya bean export price stood at $X per tonne in 2020, approximately equating the previous year. In general, export price indicated a noticeable 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. Based on 2020 figures, soya bean export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne; afterwards, it flattened through to 2020.

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

From 2007 to 2020, the rate of growth in terms of prices for Ecuador amounted to +X% per year.

Soya Bean Imports

Imports into Colombia

In 2020, purchases abroad of soya beans decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, soya bean imports declined notably to $X in 2020. Overall, total imports indicated a noticeable increase 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, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of soya bean to Colombia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of soya bean to Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

In 2020, the average soya bean import price amounted to $X per tonne, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?
+
China (132M tonnes) constituted the country with the largest volume of soya bean consumption, comprising approx. 37% of total volume. Moreover, soya bean consumption in China exceeded the figures recorded by the second-largest consumer, Argentina (48M tonnes), threefold. The third position in this ranking was occupied by Brazil (46M tonnes), with a 13% share.
What are the largest producers of soya beans in the world?
+
The countries with the highest volumes of soya bean production in 2020 were Brazil (121M tonnes), the U.S. (99M tonnes) and Argentina (56M tonnes), together comprising 76% of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further 17%.
What are the leading suppliers of soya beans to Colombia?
+
In value terms, the U.S. ($191M) constituted the largest supplier of soya bean to Colombia.
What are the leading importers of soya beans from Colombia?
+
In value terms, Ecuador ($3.2K) remains the key foreign market for soya bean exports from Colombia.
What is the average export price for soya beans in Colombia?
+
The average soya bean export price stood at $1,651 per tonne in 2020, remaining relatively unchanged against the previous year.
What is the average import price for soya beans in Colombia?
+
The average soya bean import price stood at $377 per tonne in 2020, picking up by 3.2% against the previous year.

Product coverage:
• FCL 236 - Soybeans

This report provides an in-depth analysis of the soya bean 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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