
Colombia - Sweet Corn Prepared or Preserved - Market Analysis, Forecast, Size, Trends and Insights
Colombia: Preserved Sweet Corn Market 2023
Preserved Sweet Corn Market Size in Colombia
The Colombian preserved sweet corn market fell modestly to $X in 2021, dropping by -2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a buoyant increase. Preserved sweet corn consumption peaked at $X in 2020, and then fell in the following year.
Preserved Sweet Corn Exports
Exports from Colombia
In 2021, shipments abroad of sweet corn prepared or preserved decreased by -40.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 1,370% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.
In value terms, preserved sweet corn exports declined notably to $X in 2021. Overall, exports recorded a mild setback. The pace of growth appeared the most rapid in 2019 with an increase of 537%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Chile (X tons), the United States (X tons) and Spain (X tons) were the main destinations of preserved sweet corn exports from Colombia, together comprising 83% of total exports. These countries were followed by Switzerland and Venezuela, which together accounted for a further 14%.
From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +42.2%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for preserved sweet corn exported from Colombia were Chile ($X), the United States ($X) and Spain ($X), together accounting for 83% of total exports. Switzerland and Venezuela lagged somewhat behind, together accounting for a further 15%.
Among the main countries of destination, Switzerland, with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2021, the average preserved sweet corn export price amounted to $X per ton, rising by 19% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved sweet corn export price increased by +171.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 129%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sweet Corn Imports
Imports into Colombia
Preserved sweet corn imports into Colombia rose slightly to X tons in 2021, surging by 4.7% on the previous year's figure. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 126%. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, preserved sweet corn imports shrank modestly to $X in 2021. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 122% against the previous year. Imports peaked at $X in 2020, and then reduced modestly in the following year.
Imports by Country
The United States (X tons), Thailand (X tons) and China (X tons) were the main suppliers of preserved sweet corn imports to Colombia, with a combined 97% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), Thailand ($X) and China ($X) appeared to be the largest preserved sweet corn suppliers to Colombia, with a combined 97% share of total imports.
China, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average preserved sweet corn import price amounted to $X per ton, waning by -7.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved sweet corn 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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