COLOMBIA FREIGHT AND LOGISTICS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Colombia Freight and Logistics Market Is Expected to Witness a CAGR of 8.55% During the Forecast Period of 2020-2025. The Market is Segment by Function (Freight Transport, Freight Forwarding, Warehousing, Courier, Express, and Parcel, Value-added Services, and Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas), by End User ( Construction, Oil & Gas and Quarrying, Agriculture, Fishing, and Forestry, Manufacturing & Automotive, Manufacturing & Automotive, and Others (Pharmaceutical and Healthcare)) and by Geography

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
CAGR: 8.55 %

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Market Overview

The Colombia freight and logistics market is expected to witness a CAGR of 8.55% during the forecasted period of 2020-2025. The market is driven by increasing exports in the agricultural sector. Colombia has seen improving logistics performance in recent years and is ranked the 5th country in Latin America and the Carribean region. The government is taking efforts to improve the logistics infrastructure which is fragmented. 

  • In a country with 49.7 million inhabitan

    The Colombia freight and logistics market is expected to witness a CAGR of 8.55% during the forecasted period, 2020-2025. The market is driven by increasing exports in the agricultural sector. Colombia has seen improving logistics performance in recent years and is ranked the 5th country in terms of logistics, among Latin American and Caribbean countries. The government is taking efforts to improve the logistics infrastructure which is fragmented. 

  • In a country with 49.7 million inhabitants (as of January 2019), around 34 million are internet users. This represents a 68% penetration. The higher internet usage has resulted in the revenue sales of USD 6 billion in the Colombian e-commerce sector in 2018. Ecommerce growth is expected to further increase the demand for logistics services. 
  • ts (as of January 2019), around 34 million are internet users – this fact represents a 68% penetration. The higher internet usage has resulted in the revenues sales of USD 6 billion in the Colombian e-commerce sector in 2018. Ecommerce growth is expected to further increase the demand for logistics services. 

Scope of the Report

The report on Colombian freight and logistics covers insights on the market, like the market dynamics, technology innovation and its impact, impact of ecommerce growth on the market, impact of regulations on logistics sector, industry attractiveness - Porter's five forces analysis, freight rates and logistics cost in Colombia, and insights on intermodal freight transportation.

Additionally, the report provides quantitative and qualitative information on the segmentation by function (freight transport, freight forwarding, warehousing, courier, express, and parcel, value-added services, cold chain logistics, last mile logistics, return  logistics, and other emerging areas) and by end user (construction, oil and gas and quarrying, agriculture, fishing, and forestry, manufacturing and automotive, distributive trade, and other end users (pharmaceutical and healthcare)).

Furthermore, the report provides company profiles to understand the competitive landscape of the market. 

BY FUNCTION
Freight Transport
Road
Rail
Sea and Inland
Air
Freight Forwarding
Warehousing
Courier, Express, and Parcel
Value-added Services
Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas
BY END-USER
Construction
Oil & Gas and Quarrying
Agriculture, Fishing, and Forestry
Manufacturing & Automotive
Distributive Trade
Others (Pharmaceutical and Healthcare)

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Key Market Trends

Rising Exports are Boosting the Demands for Cold Chain Logistics in Colombia

Colombia is becoming a world-leading exporter of fruits, coffee and has a strong and growing domestic demand for fruit and vegetables. According to the FAO, in terms of numbers of cultivated hectares of fruit, Colombia is third in Latin America, after Brazil and Mexico, with 921,000 hectare, which represents around 12% of the country`s arable land. However, in terms of production, it is ranked fifth. While bananas and flowers have always been a driver of exports, fresh fruit is seen as the key to growth in the coming years, given the ever-increasing exports in the segment.

One important driver of the country’s agricultural cold chain logistics development has been the fresh cut flower export industry. Colombia is positioned as one of the biggest exporters in this sector. The Colombian flower industry has created a strong strategic sector with a growing cold chain, working from harvest areas to transport terminals. With the agriculture sector seeking ways to boost production and increase output, many eyes are on Colombia’s fruit sector, which has the potential to deliver big returns. As a result, the growth of agricultural exports is boosting the cold chain logistics in Colombia.

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Performance Improvement of Colombia Logistics

Colombia stood at the 58th position among 151 economies, evaluated for the logistics performance index published every two years by the World Bank.

In the ranking among Latin American and Caribbean countries, the country entered the top five after Chile, Panama, Mexico, and Brazil, amongst 16 economies. From the analysis, it is noticeable that in only two years, the country raised 36 positions in the table, from position 94.

The improvement in infrastructure (which went from position 129 to 72, between 2016 and 2018) was due to the advances that have been made in road transport, and improvements in ports, which leads to a positive impact on the indicator. Additionally, the country has made progress in trade facilitation, with the gradual implementation of the customs statute, as well as the steps that have been taken for non-intrusive inspection. Overall, the country has shown good results in the logistics performance index of 2018, and this is a factor that is expected to boost the market sentiment and competitive activity, apart from the improving government expenditure in the logistics sector. 

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Competitive Landscape

The Colombian freight and logistics market is expected to be fragmented with the presence of the local and international players in the market. The market sees growing competition in the e-commerce logistics segment. It is expected that the growth of agricultural exports internationally and in the domestic market is attracting many international players in the warehousing and storage segment as well.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Technology Innovation and its Impact

    4. 4.4 Impact of Ecommerce Growth on the Market

    5. 4.5 Impact of Regulations on Logistics Sector

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

    7. 4.7 Freight Rates/Logistics Cost in Colombia

  5. 5. MARKET SEGMENTATION

    1. 5.1 BY FUNCTION

      1. 5.1.1 Freight Transport

        1. 5.1.1.1 Road

        2. 5.1.1.2 Rail

        3. 5.1.1.3 Sea and Inland

        4. 5.1.1.4 Air

      2. 5.1.2 Freight Forwarding

      3. 5.1.3 Warehousing

      4. 5.1.4 Courier, Express, and Parcel

      5. 5.1.5 Value-added Services

      6. 5.1.6 Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas

    2. 5.2 BY END-USER

      1. 5.2.1 Construction

      2. 5.2.2 Oil & Gas and Quarrying

      3. 5.2.3 Agriculture, Fishing, and Forestry

      4. 5.2.4 Manufacturing & Automotive

      5. 5.2.5 Distributive Trade

      6. 5.2.6 Others (Pharmaceutical and Healthcare)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 SUPPLA SA

      2. 6.2.2 Avianca S.A.

      3. 6.2.3 SERVICIOS POSTALES NACIONALES S A

      4. 6.2.4 NAVIERA FLUVIAL COLOMBIANA SA

      5. 6.2.5 FedEx Corporation

      6. 6.2.6 United Parcel Service

      7. 6.2.7 DHL

      8. 6.2.8 SERVIENTREGA SA

      9. 6.2.9 Inter Rapidisimo SA

      10. 6.2.10 Transport Sanchez Polo

      11. 6.2.11 CEVA Logistics

      12. 6.2.12 Agility

      13. 6.2.13 SGS SA

      14. 6.2.14 Panalpina

  7. 7. APPENDIX

    1. 7.1 GDP Distribution, by Activity

    2. 7.2 Insights on Capital Flows

    3. 7.3 Economic Statistics - Transport and Storage Sector Contribution to Economy

    4. 7.4 External Trade Statistics - Export and Import, by Product

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Colombia Freight & Logistics Market market is studied from 2016 - 2026.

The Colombia Freight & Logistics Market is growing at a CAGR of 8.55% over the next 5 years.

SUPPLA SA, Avianca S.A., Inter Rapidisimo SA, Panalpina, FedEx Corporation are the major companies operating in Colombia Freight & Logistics Market.

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