Colombia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Colombia

The Colombian wheat and meslin flour market expanded modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Wheat and Meslin Flour in Colombia

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Wheat and meslin flour production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Wheat and Meslin Flour

Exports from Colombia

In 2022, overseas shipments of wheat and meslin flour were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour exports surged to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X tons) was the main destination for wheat and meslin flour exports from Colombia, with a X% share of total exports. Moreover, wheat and meslin flour exports to Venezuela exceeded the volume sent to the second major destination, Curacao (X tons), fourfold. Ecuador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (X% per year) and Ecuador (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for wheat and meslin flour exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Cuba ($X), with a X% share of total exports. It was followed by Curacao, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X.6% per year) and Curacao (X% per year).

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wheat and Meslin Flour

Imports into Colombia

Wheat and meslin flour imports into Colombia surged to X tons in 2022, jumping by X% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports soared to $X in 2022. Overall, imports continue to indicate moderate growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main wheat and meslin flour supplier to Colombia, accounting for a X% share of total imports. Moreover, wheat and meslin flour imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of wheat and meslin flour to Colombia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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