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Colombia - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Colombia

The Colombian vegetable oils market reached $X in 2019, rising by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Vegetable oils consumption peaked at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Vegetable Oils Production in Colombia

In value terms, vegetable oils production stood at $X in 2019 estimated in export prices. Overall, production continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Vegetable oils production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Vegetable Oils Exports

Exports from Colombia

Vegetable oils exports from Colombia shrank sharply to X tonnes in 2019, dropping by -X% against the previous year. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, vegetable oils exports contracted rapidly to $X in 2019. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X tonnes), Chile (X tonnes) and the Dominican Republic (X tonnes) were the main destinations of vegetable oils exports from Colombia, together comprising X% of total exports. These countries were followed by the U.S., Venezuela and Panama, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S. (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for vegetable oils exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Trinidad and Tobago amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-X% per year) and the Dominican Republic (-X% per year).

Export Prices by Country

The average vegetable oils export price stood at $X per tonne in 2019, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago, while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Oils Imports

Imports into Colombia

In 2019, purchases abroad of vegetable fats and oils increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Overall, imports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, vegetable oils imports contracted to $X in 2019. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest vegetable oils supplier to Colombia, accounting for a X% share of total imports. Moreover, vegetable oils imports from Ecuador exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), eightfold.

From 2007 to 2019, the average annual growth rate of volume from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Denmark (+X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of vegetable oils to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2019, the average vegetable oils import price amounted to $X per tonne, falling by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Denmark ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in the world?
+
The countries with the highest volumes of vegetable oils consumption in 2019 were China (1.7M tonnes), the U.S. (837K tonnes) and India (633K tonnes), together comprising 30% of global consumption. Japan, Russia, the Netherlands, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, France and Nigeria lagged somewhat behind, together comprising a further 26%.
What are the largest producers of vegetable fats and oils in the world?
+
China (1.5M tonnes) remains the largest vegetable oils producing country worldwide, comprising approx. 16% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, the U.S. (673K tonnes), twofold. India (664K tonnes) ranked third in terms of total production with a 7.1% share.
What are the leading suppliers of vegetable fats and oils to Colombia?
+
In value terms, Ecuador ($5.2M) constituted the largest supplier of vegetable oils to Colombia, comprising 64% of total imports. The second position in the ranking was occupied by Indonesia ($1.1M), with a 13% share of total imports.
What are the leading importers of vegetable fats and oils from Colombia?
+
In value terms, Trinidad and Tobago ($1.3M) emerged as the key foreign market for vegetable oils exports from Colombia, comprising 52% of total exports. The second position in the ranking was occupied by Chile ($440K), with a 18% share of total exports. It was followed by the Dominican Republic, with a 9.3% share.
What is the average export price for vegetable fats and oils in Colombia?
+
In 2019, the average vegetable oils export price amounted to $1,134 per tonne, surging by 6.1% against the previous year.
What is the average import price for vegetable fats and oils in Colombia?
+
The average vegetable oils import price stood at $1,408 per tonne in 2019, declining by -14.5% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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