Colombia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Colombia

The Colombian glycosides and vegetable alkaloids market reached $X in 2023, remaining relatively unchanged against the previous year. In general, consumption, however, saw a resilient increase. Over the period under review, the market attained the maximum level in 2023 and is likely to see steady growth in the near future.

Production of Glycosides And Vegetable Alkaloids in Colombia

In value terms, glycosides and vegetable alkaloids production dropped slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports from Colombia

In 2023, the amount of glycosides and vegetable alkaloids exported from Colombia fell significantly to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports, however, showed mild growth. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, glycosides and vegetable alkaloids exports shrank notably to $X in 2023. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Italy (X tons), India (X tons) and Indonesia (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Colombia, with a combined X% share of total exports. Peru, the Dominican Republic, Panama and Ecuador lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), India ($X) and Indonesia ($X) appeared to be the largest markets for glycosides and vegetable alkaloids exported from Colombia worldwide, together comprising X% of total exports. Peru, the Dominican Republic, Ecuador and Panama lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average glycosides and vegetable alkaloids export price amounted to $X per ton, falling by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, glycosides and vegetable alkaloids export price increased by X% against 2018 indices. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Colombia

After two years of growth, overseas purchases of glycosides and vegetable alkaloids decreased by X% to X tons in 2023. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then reduced in the following year.

In value terms, glycosides and vegetable alkaloids imports fell to $X in 2023. Over the period under review, total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest glycosides and vegetable alkaloids supplier to Colombia, accounting for a X% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, the largest glycosides and vegetable alkaloids suppliers to Colombia were Germany ($X), China ($X) and India ($X), together accounting for X% of total imports. Guatemala, the United States, Brazil and South Korea lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glycosides and vegetable alkaloids import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform