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Colombia - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Sweet Potato Market Overview 2021

Sweet Potato Market Size in Colombia

The Colombian sweet potato market totaled $X in 2019, remaining constant against the previous year. Overall, consumption showed a relatively flat trend pattern. Sweet potato consumption peaked at $X in 2010; afterwards, it flattened through to 2019.

Sweet Potato Production in Colombia

In value terms, sweet potato production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the immediate term.

The average yield of sweet potato in Colombia was estimated at X kg per ha in 2020, remaining constant against the year before. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sweet potato harvested area in Colombia amounted to X ha in 2020, approximately mirroring 2019 figures. In general, the harvested area saw a relatively flat trend pattern.

Sweet Potato Exports

Exports from Colombia

For the third year in a row, Colombia recorded growth in overseas shipments of sweet potato, which increased by X% to X tonnes in 2020. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, sweet potato exports surged to $X in 2020. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average sweet potato export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2007 to 2020: its price 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, sweet potato export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per tonne), while the average price for exports to the Netherlands ($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 Canada, while the prices for the other major destinations experienced more modest paces of growth.

Sweet Potato Imports

Imports into Colombia

In 2020, sweet potato imports into Colombia dropped to X tonnes, reducing by -X% compared with the year before. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, sweet potato imports declined to $X in 2020. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2010 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of sweet potato to Colombia, accounting for a X% share of total imports. Moreover, sweet potato imports from the U.S. exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X kg), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to -X%.

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

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

Import Prices by Country

The average sweet potato import price stood at $X per tonne in 2020, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 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 the Dominican Republic stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sweet potato in the world?
+
China (50M tonnes) remains the largest sweet potato consuming country worldwide, accounting for 55% of total volume. Moreover, sweet potato consumption in China exceeded the figures recorded by the second-largest consumer, Malawi (6.2M tonnes), eightfold. Tanzania (4.3M tonnes) ranked third in terms of total consumption with a 4.7% share.
What are the largest producers of sweet potato in the world?
+
The country with the largest volume of sweet potato production was China (50M tonnes), comprising approx. 55% of total volume. Moreover, sweet potato production in China exceeded the figures recorded by the second-largest producer, Malawi (6.2M tonnes), eightfold. The third position in this ranking was occupied by Tanzania (4.3M tonnes), with a 4.7% share.
What are the leading suppliers of sweet potato to Colombia?
+
In value terms, the U.S. ($973) constituted the largest supplier of sweet potato to Colombia, comprising 97% of total imports. The second position in the ranking was occupied by the Dominican Republic ($4), with a 0.4% share of total imports.
What are the leading importers of sweet potato from Colombia?
+
In value terms, Canada ($192K) remains the key foreign market for sweet potato exports from Colombia, comprising 75% of total exports. The second position in the ranking was occupied by the Netherlands ($25K), with a 9.7% share of total exports. It was followed by the U.S., with a 6.8% share.
What is the average export price for sweet potato in Colombia?
+
The average sweet potato export price stood at $1,410 per tonne in 2020, surging by 19% against the previous year.
What is the average import price for sweet potato in Colombia?
+
The average sweet potato import price stood at $373 per tonne in 2020, leveling off at the previous year.

Product coverage:
• FCL 122 - Sweet potatoes

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

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 2030
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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