Non-Liquid Margarine Price in Colombia - 2022
Contents:
- Non-Liquid Margarine Price in Colombia (FOB) - 2022
- Non-Liquid Margarine Price in Colombia (CIF) - 2022
- Non-Liquid Margarine Exports in Colombia
- Non-Liquid Margarine Imports in Colombia
Non-Liquid Margarine Price in Colombia (FOB) - 2022
The average non-liquid margarine export price stood at $1,674 per ton in February 2022, surging by 28% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($1,831 per ton), while the average price for exports to Venezuela ($1,079 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Colombia (CIF) - 2022
In 2022, the average non-liquid margarine import price amounted to $1,521 per ton, waning by -18.9% against the previous year. Overall, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 36%. The import price peaked at $2,226 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($3,032 per ton), while the price for Ecuador ($1,255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Liquid Margarine Exports in Colombia
In 2022, exports of non-liquid margarine from Colombia skyrocketed to 8.9K tons, increasing by 24% on the year before. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-liquid margarine exports reached $11M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.1% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 92%. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Non-Liquid Margarine in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 1.5 | 3.4 | 3.2 | 6.2 | 60.5% |
| United States | 1.0 | 1.6 | 0.6 | 1.1 | 3.2% |
| Panama | 1.3 | 1.1 | 0.4 | 0.9 | -11.5% |
| Chile | 1.4 | 1.2 | 0.5 | 0.9 | -13.7% |
| Venezuela | 0.3 | 0.5 | 0.4 | 0.8 | 38.7% |
| Brazil | 0.4 | 0.6 | 0.3 | 0.5 | 7.7% |
| Dominican Republic | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Ecuador | N/A | 3.1 | 4.2 | N/A | 35.5% |
| Others | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| Total | 6.3 | 12.1 | 9.9 | 11.0 | 20.4% |
Top Export Markets for Non-Liquid Margarine from Colombia in 2022:
- Peru (4.7K tons)
- United States (0.9K tons)
- Venezuela (0.9K tons)
- Chile (0.8K tons)
- Panama (0.8K tons)
- Brazil (0.3K tons)
- Dominican Republic (0.2K tons)
Non-Liquid Margarine Imports in Colombia
In 2022, non-liquid margarine imports into Colombia soared to 720 tons, with an increase of 75% compared with 2021 figures. Overall, imports, however, continue to indicate a pronounced shrinkage.
In value terms, non-liquid margarine imports surged to $1.1M in 2022. Over the period under review, imports, however, continue to indicate a noticeable setback.
| Import of Non-Liquid Margarine in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 627 | 983 | 361 | 649 | 1.2% |
| United States | 465 | 380 | 370 | 402 | -4.7% |
| Canada | 45.7 | 25.0 | 29.1 | 33.0 | -10.3% |
| Brazil | 36.6 | 30.5 | N/A | N/A | -16.7% |
| Others | 23.2 | 0.8 | 10.2 | 10.7 | -22.7% |
| Total | 1,198 | 1,419 | 770 | 1,094 | -3.0% |
Top Suppliers of Non-Liquid Margarine to Colombia in 2022:
- Ecuador (516.8 tons)
- United States (183.5 tons)
- Canada (10.9 tons)
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