Colombia Floriculture Market Size

Colombia Floriculture Market Analysis

The Colombia Floriculture Market size is estimated at USD 2 billion in 2024, and is expected to reach USD 2.54 billion by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).

• Among the various types of flowers, roses, and carnations are witnessing immense popularity in the country's floriculture market. Around 150 companies import and distribute Colombian flowers in the United States, mainly in Miami. According to the Association of Colombian Flower Exporters (Asocolflores), the total area harvested in 2018 under aster, gypsophila, and gerbera was 150 hectares. Rose, carnations, orchids, hydrangeas, alstroemerias, lilies, and Chrysanthemums are the major exported flowers from Colombia. The demand for Colombian cut flowers exists throughout the year - however, the same increases during different seasons, such as valentine's day and mother's day.
• Apart from the aforementioned factors, the increasing demand and lower prices also play a major role in the increasing export potential for Colombian cut flowers. The Government of Colombia offers subsidies for the equipment purchased for floriculture to encourage growers to opt for modernization to meet the labor problems and quality standards demanded by the consumers. Colombia is the world's second-largest exporter of cut flowers after the Netherlands.
• The strict rules and regulations formed by the developed countries, which serve as major markets for Colombian cut flowers, act as a major restraint for the floriculture industry. Also, the employees face several problems, such as minimum wages, extra working hours, an unhealthy work environment, etc. Colombia is the world's second-largest cut flower exporter. There is a huge demand for Colombian cut flowers in the United States, the United Kingdom, and Russia which are the major importers of cut flowers. This will boost the growth of the market in the coming years.