Maize bran, sharps and residues market in Colombia

Earlier Report Observations

From 2018 to 2022, the market for maize bran and residues in Colombia experienced steady expansion, with volume growing from 134 thousand tons to 208 thousand tons. The most significant annual increase occurred in 2022, when the market size rose by 11% to 208 thousand tons. This growth was driven by a heightened focus on utilizing agro-industrial waste for energy and biofuel production within the circular economy framework, which increased demand for maize residues as feedstock.

After several years of growth, the market stabilized in 2023, reaching 212 thousand tons. This leveling off followed the implementation of national plans in 2022 to monitor pesticide residues in crops like maize, which affected production and commercialization standards for agricultural residues.

Production maize bran, sharps and residues in Colombia

In kind, 2017-2020, K t

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

Colombia's production of maize bran, sharps, and residues has increased for the third consecutive year. In 2020, the country produced 168.1 thousand tons, marking a modest 5.3% rise compared to the previous year. From 2017 to 2020, production grew by 34.6%, which translates to an annualized growth rate of 10.4%.

Annual dynamics of production in Colombia in kind, 2017-2020, K t

Exports maize bran, sharps and residues from Colombia

Exports in kind, kg

The market exhibited volatility during the observed period. In 2019, exports reached their lowest point at 1 000 kg, with a significant decline of 86.1%. By 2020, exports surged to 33 000 kg, representing a dramatic increase of 3 200.0% from 2019. Overall, the period saw a 33-fold swing between the peak in 2020 and the trough in 2019.

Annual dynamics of product's exports from Colombia in kind, 2017-2020, kg

From 2017 to 2020, Ecuador remained the primary market for exports in kind, accounting for 80.1% of total flows. The remaining volume was distributed among numerous other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Colombia in kind, 2017-2020

Exports in value, $ US

Market behavior was characterized by volatility over these years. In 2019, export values hit a minimum of 491 US dollars, with a sharp decline of 93.3%. By 2020, exports climbed to a maximum of 9 570 US dollars, reflecting a substantial rise of 1 849.1% compared to the previous year. This resulted in a 19-fold shift between the peak in 2020 and the low in 2019.

Annual dynamics of product's exports from Colombia in value, 2017-2020, $ US

During 2017–2020, Ecuador and Aruba consistently represented 97.2% of total exports in value terms, indicating a high level of market concentration. A long tail of smaller markets accounted for the remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Colombia in value, 2017-2020

Imports maize bran, sharps and residues to Colombia

Imports in kind, kg

In 2019, imports of maize bran, sharps, and residues in Colombia recorded a minimum of 32 560 kg, with the largest decline of 59.0% that year. The maximum value was observed in 2018 at 79 372 kg. By 2020, imports rose to 51 072 kg, showing a sharp increase of 56.9% from 2019. Over the period from 2017 to 2020, imports decreased by 26.8%, corresponding to an annualized decline of 9.9%.

Annual dynamics of product's imports to Colombia in kind, 2017-2020, kg

From 2017 to 2020, Brazil and the United States together accounted for 95.0% of total imports in kind. Other countries contributed to a diversified but less significant portion of the imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Colombia in kind, 2017-2020

Imports in value, $ US

In 2019, import values in Colombia reached a minimum of 34 888 US dollars, with the largest decline of 51.3% recorded that year. The maximum value was in 2018 at 71 692 US dollars. By 2020, imports advanced to 53 082 US dollars, representing a sharp increase of 52.2% from 2019. Between 2017 and 2020, imports decreased by 10%, equating to an annualized decline of 3.5%.

Annual dynamics of product's imports to Colombia in value, 2017-2020, $ US

During 2017–2020, the two leading markets—Brazil and the United States—together accounted for 93.7% of total imports in value terms. The remaining volume was dispersed across a wide range of other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Colombia in value, 2017-2020