Agriculture in Colombia - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Agriculture Market in Colombia is Segmented by Type into Food Crop/Cereal, Fruits, Vegetables, and Oilseeds/Non-food Crops.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

CAGR:

7.3 %

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Market Overview

The agriculture market in Colombia is expected to register a CAGR of 7.3% during the forecast period (2020-2025). Colombia, the world’s second-largest coffee grower, contributes 13-16% of the total world production each year. Bananas are second to coffee in economic importance. Other important export crops include sugarcane and cotton. Among food crops, rice, cassava, and maize are the most important crops. The area allocated to fruits and palm oil expanded by 221%, and its share in total crop area increased from 1.9% to 7.4% over the last 20 years.

Scope of the Report

Agriculture has historically been one of the major engines of the Colombian economic development. The sector accounts for 6.31% of the GDP with sustainable potential in terms of competitive and comparative advantages. The Colombian agriculture sector is an attractive global destination for foreign direct investment. In the report, sectors taken into consideration are food crop/cereal, fruits, vegetables, and oilseeds/non-food crops. The report highlights the agricultural production, consumption, import, export, market trends, government regulations, growth forecast, and key retailers.

Food Crops / Cereals
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value and Volume
Export Value and Volume
Price Trend Analysis
Fruits
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value and Volume
Export Value and Volume
Price Trend Analysis
Vegetables
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value and Volume
Export Value and Volume
Price Trend Analysis
Oilseeds/ Non-food Crops
Market Size (USD million)
Domestic Production Overview
Domestic Consumption Overview
Import Value and Volume
Export Value and Volume
Price Trend Analysis

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Key Market Trends

High Growth Potential for Agricultural Exports

Coffee and banana crops play an important role in the agricultural economy of Colombia. According to the United States Department of Agriculture (USDA), Colombia had exports valued at USD 2.9 billion in the year 2018, which is 74% higher than USD 1.7 billion in the year 2008. The country showed a consistent quantity of exports since 2015. In the year 2017, the country exported 1.88 million metric ton of banana, and 1.59 million metric ton of bananas were exported in 2015. This scope in exports leads production of better crops, which drives the Colombian agriculture market further.

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Increasing Demand for Staple Food

Cereals are the major supplements consumed with the staple food. The increase in population is leading to higher demand for staple food, and the cereals and pulses are being consumed at a higher rate over the years. According to the Food and Agricultural Organization (FAO), the cereals and pulses production was valued at 5,478 metric ton in 2014. The production is significantly increasing every year. The volume of the production of cereals and pulses was 9,052 metric ton in 2017, which was twice the production in 2014. Thus, with the production of staple consuming food cereal the market is expected to grow further in the future.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

  5. 5. MARKET SEGMENTATION

    1. 5.1 Food Crops / Cereals

      1. 5.1.1 Market Size (USD million)

      2. 5.1.2 Domestic Production Overview

      3. 5.1.3 Domestic Consumption Overview

      4. 5.1.4 Import Value and Volume

      5. 5.1.5 Export Value and Volume

      6. 5.1.6 Price Trend Analysis

    2. 5.2 Fruits

      1. 5.2.1 Market Size (USD million)

      2. 5.2.2 Domestic Production Overview

      3. 5.2.3 Domestic Consumption Overview

      4. 5.2.4 Import Value and Volume

      5. 5.2.5 Export Value and Volume

      6. 5.2.6 Price Trend Analysis

    3. 5.3 Vegetables

      1. 5.3.1 Market Size (USD million)

      2. 5.3.2 Domestic Production Overview

      3. 5.3.3 Domestic Consumption Overview

      4. 5.3.4 Import Value and Volume

      5. 5.3.5 Export Value and Volume

      6. 5.3.6 Price Trend Analysis

    4. 5.4 Oilseeds/ Non-food Crops

      1. 5.4.1 Market Size (USD million)

      2. 5.4.2 Domestic Production Overview

      3. 5.4.3 Domestic Consumption Overview

      4. 5.4.4 Import Value and Volume

      5. 5.4.5 Export Value and Volume

      6. 5.4.6 Price Trend Analysis

  6. 6. REGIONAL ANALYSIS

    1. 6.1 PESTLE Analysis

    2. 6.2 Supply Chain Analysis

    3. 6.3 Government Policies

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Distribution Network and Retail Analysis

    2. 7.2 Company Profiles

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. IMPACT OF COVID-19

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