Starches; Inulin Price in Colombia - 2022
Contents:
- Starches; Inulin Price in Colombia (CIF) - 2022
- Starches; Inulin Price in Colombia (FOB) - 2022
- Starches; Inulin Imports in Colombia
- Starches; Inulin Exports in Colombia
Starches; Inulin Price in Colombia (CIF) - 2022
The average starches; inulin import price stood at $1,043 per ton in February 2022, with an increase of 19% against the previous month. Over the period under review, import price indicated a strong increase from February 2021 to February 2022: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, starches; inulin import price increased by +45.6% against July 2021 indices. The pace of growth was the most pronounced in July 2021 when the average import price increased by 24% month-to-month. The import price peaked in February 2022.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,843 per ton), while the price for Nicaragua ($667 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Colombia (FOB) - 2022
The average starches; inulin export price stood at $607 per ton in February 2022, rising by 9% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in June 2021 an increase of 24% m-o-m. Over the period under review, the average export prices attained the peak figure at $683 per ton in November 2021; however, from December 2021 to February 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In February 2022, the country with the highest price was Panama ($1,271 per ton), while the average price for exports to Ecuador ($582 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 Panama (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Colombia
In 2022, the amount of starches; inulins imported into Colombia fell slightly to 27K tons, which is down by -4.5% compared with 2021 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.8%. As a result, imports attained the peak of 29K tons, and then contracted modestly in the following year.
In value terms, starches; inulin imports shrank to $17M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $18M, and then shrank in the following year.
| Import of Starches; Inulin in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.2 | 2.4 | 5.4 | 4.0 | 22.1% |
| Paraguay | 7.5 | 6.8 | 1.1 | 3.8 | -20.3% |
| Argentina | 1.8 | 1.7 | 4.7 | 3.5 | 24.8% |
| Mexico | 1.1 | 0.6 | 1.9 | 1.4 | 8.4% |
| Poland | 0.8 | 0.6 | 0.9 | 0.7 | -4.4% |
| Germany | 0.6 | 0.6 | 0.8 | 0.6 | 0.0% |
| Nicaragua | N/A | 0.2 | 0.4 | 0.3 | 22.5% |
| Others | 2.8 | 2.3 | 3.3 | 2.5 | -3.7% |
| Total | 16.9 | 15.5 | 18.5 | 17.0 | 0.2% |
Top Suppliers of Starches; Inulin to Colombia in 2022:
- Argentina (7.6K tons)
- Paraguay (6.8K tons)
- Brazil (5.9K tons)
- Mexico (2.4K tons)
- Poland (0.9K tons)
- Germany (0.9K tons)
- Nicaragua (0.5K tons)
Starches; Inulin Exports in Colombia
In 2022, approx. 8.8K tons of starches; inulins were exported from Colombia; with an increase of 19% against the year before. Overall, exports, however, saw a pronounced downturn.
In value terms, starches; inulin exports rose notably to $4.4M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 7.4%. As a result, the exports reached the peak of $4.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Starches; Inulin in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 2,878 | 3,491 | 3,253 | 3,271 | 4.4% |
| Peru | 806 | 75.2 | 109 | 327 | -26.0% |
| United States | 248 | 358 | 199 | 266 | 2.4% |
| Venezuela | 66.1 | 94.6 | 164 | 165 | 35.7% |
| Panama | 107 | 117 | 117 | 118 | 3.3% |
| Others | 305 | 600 | 287 | 286 | -2.1% |
| Total | 4,411 | 4,735 | 4,129 | 4,432 | 0.2% |
Top Export Markets for Starches; Inulin from Colombia in 2022:
- Ecuador (7.1K tons)
- Peru (0.8K tons)
- United States (0.3K tons)
- Venezuela (0.2K tons)
- Panama (0.1K tons)
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