| Product Code: ETC6768146 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Colombia import market for liquorice shellac in 2024 continued to be dominated by top exporters such as India, Egypt, and France, with Sudan and Mexico also playing significant roles. Despite a high concentration level, the market experienced a decline in both the compound annual growth rate (CAGR) from 2020 to 2024 and the growth rate from 2023 to 2024. This indicates a challenging environment for the liquorice shellac import industry in Colombia, potentially impacted by various factors such as global supply chain disruptions or changing consumer preferences.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Liquorice Shellac Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Liquorice Shellac Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Liquorice Shellac Market - Industry Life Cycle |
3.4 Colombia Liquorice Shellac Market - Porter's Five Forces |
3.5 Colombia Liquorice Shellac Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Colombia Liquorice Shellac Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Liquorice Shellac Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural ingredients in the food and beverage industry. |
4.2.2 Growing popularity of traditional Colombian confectionery products. |
4.2.3 Rising consumer awareness about the health benefits of liquorice shellac. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs. |
4.3.2 Stringent regulations and compliance requirements in the food industry. |
4.3.3 Competition from alternative natural food additives. |
5 Colombia Liquorice Shellac Market Trends |
6 Colombia Liquorice Shellac Market, By Types |
6.1 Colombia Liquorice Shellac Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Liquorice Shellac Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Colombia Liquorice Shellac Market Revenues & Volume, By Hot Filtration, 2021- 2031F |
6.1.4 Colombia Liquorice Shellac Market Revenues & Volume, By Solvent Method, 2021- 2031F |
6.2 Colombia Liquorice Shellac Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Colombia Liquorice Shellac Market Revenues & Volume, By Food Industry, 2021- 2031F |
6.2.3 Colombia Liquorice Shellac Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.4 Colombia Liquorice Shellac Market Revenues & Volume, By Others, 2021- 2031F |
7 Colombia Liquorice Shellac Market Import-Export Trade Statistics |
7.1 Colombia Liquorice Shellac Market Export to Major Countries |
7.2 Colombia Liquorice Shellac Market Imports from Major Countries |
8 Colombia Liquorice Shellac Market Key Performance Indicators |
8.1 Percentage of market share held by Colombian liquorice shellac products. |
8.2 Number of new product launches containing liquorice shellac. |
8.3 Growth rate of the food and beverage industry in Colombia. |
8.4 Consumer perception and awareness of liquorice shellac as a natural food ingredient. |
8.5 Number of partnerships or collaborations with food manufacturers for liquorice shellac products. |
9 Colombia Liquorice Shellac Market - Opportunity Assessment |
9.1 Colombia Liquorice Shellac Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Colombia Liquorice Shellac Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Liquorice Shellac Market - Competitive Landscape |
10.1 Colombia Liquorice Shellac Market Revenue Share, By Companies, 2024 |
10.2 Colombia Liquorice Shellac Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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