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Colombia - Tea - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Tea Market Overview 2020

Tea Market Size in Colombia

The revenue of the tea market in Colombia amounted to $X in 2018, jumping by X% against the previous year. In general, tea consumption continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Tea consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Tea Production in Colombia

In value terms, tea production stood at $X in 2018 estimated in export prices. Over the period under review, tea production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when production volume increased by X% against the previous year. In that year, tea production reached its peak level of $X. From 2013 to 2018, tea production growth failed to regain its momentum.

In 2018, the average yield of tea in Colombia stood at X tonne per ha, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Tea yield peaked in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Tea harvested area in Colombia totaled X ha in 2018, remaining relatively unchanged against the previous year. In general, the tea harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to tea production reached its maximum at X ha in 2015; however, from 2016 to 2018, harvested area failed to regain its momentum.

Tea Exports

Exports from Colombia

In 2018, the tea exports from Colombia totaled X tonnes, jumping by X% against the previous year. Over the period under review, tea exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, tea exports attained their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, tea exports totaled $X in 2018. In general, tea exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

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

From 2007 to 2018, the average annual rate of growth in terms of volume to Pakistan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+X% per year) and Panama (+X% per year).

In value terms, Panama ($X), Venezuela ($X) and Pakistan ($X) appeared to be the largest markets for tea exported from Colombia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Pakistan experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tea export price stood at $X per tonne in 2018, rising by X% against the previous year. Over the period under review, the tea export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. In that year, the average export prices for tea reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for tea remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per tonne), while the average price for exports to Mali ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Colombia

In 2018, approx. X tonnes of tea were imported into Colombia; rising by X% against the previous year. Overall, tea imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, tea imports stood at $X in 2018. In general, tea imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. In that year, tea imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

India (X tonnes), Ecuador (X tonnes) and the U.S. (X tonnes) were the main suppliers of tea imports to Colombia, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Poland ($X) and Chile ($X) appeared to be the largest tea suppliers to Colombia, together comprising X% of total imports.

The U.S. experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average tea import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the tea import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:
• FCL 667 - Tea

This report provides an in-depth analysis of the tea 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.


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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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