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Colombia - Wheat Or Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Wheat Flour Market Overview 2021

Wheat Flour Market Size in Colombia

In 2019, the Colombian wheat flour market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Wheat flour consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Wheat Flour Production in Colombia

In value terms, wheat flour production expanded slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Wheat Flour Exports

Exports from Colombia

In 2019, approx. X tonnes of wheat or meslin flour were exported from Colombia; shrinking by -X% against the year before. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

In value terms, wheat flour exports reduced modestly to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X tonnes) was the main destination for wheat flour exports from Colombia, accounting for a X% share of total exports. Moreover, wheat flour exports to Venezuela exceeded the volume sent to the second major destination, Curacao (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to Venezuela amounted to +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 ($X) remains the key foreign market for wheat flour exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Curacao ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Venezuela stood at +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).

Export Prices by Country

The average wheat flour export price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, export price indicated a tangible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, wheat flour export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Ecuador ($X per tonne), while the average price for exports to Curacao ($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 Venezuela, while the prices for the other major destinations experienced more modest paces of growth.

Wheat Flour Imports

Imports into Colombia

For the third year in a row, Colombia recorded decline in purchases abroad of wheat or meslin flour, which decreased by -X% to X tonnes in 2019. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, wheat flour imports fell remarkably to $X in 2019. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest wheat flour supplier to Colombia, with a X% share of total imports. Moreover, wheat flour imports from the U.S. exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. totaled -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

In 2019, the average wheat flour import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat or meslin flour in the world?
+
The country with the largest volume of wheat flour consumption was China (74M tonnes), comprising approx. 20% of total volume. Moreover, wheat flour consumption in China exceeded the figures recorded by the second-largest consumer, India (22M tonnes), threefold. Indonesia (16M tonnes) ranked third in terms of total consumption with a 4.3% share.
What are the largest producers of wheat or meslin flour in the world?
+
China (74M tonnes) constituted the country with the largest volume of wheat flour production, comprising approx. 20% of total volume. Moreover, wheat flour production in China exceeded the figures recorded by the second-largest producer, India (22M tonnes), threefold. Indonesia (16M tonnes) ranked third in terms of total production with a 4.3% share.
What are the leading suppliers of wheat or meslin flour to Colombia?
+
In value terms, the U.S. ($181K) constituted the largest supplier of wheat flour to Colombia, comprising 68% of total imports. The second position in the ranking was occupied by Italy ($79K), with a 30% share of total imports.
What are the leading importers of wheat or meslin flour from Colombia?
+
In value terms, Venezuela ($756K) remains the key foreign market for wheat flour exports from Colombia, comprising 93% of total exports. The second position in the ranking was occupied by Curacao ($36K), with a 4.4% share of total exports.
What is the average export price for wheat or meslin flour in Colombia?
+
In 2019, the average wheat flour export price amounted to $618 per tonne, growing by 3.6% against the previous year.
What is the average import price for wheat or meslin flour in Colombia?
+
In 2019, the average wheat flour import price amounted to $498 per tonne, waning by -10.8% against the previous year.

Product coverage:
• Prodcom 10612100 - Wheat or meslin flour

This report provides an in-depth analysis of the wheat flour 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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