Agriculture In Colombia Market Size (2024 - 2029)

Colombia Agriculture Market Analysis

The Agriculture In Colombia Market size is estimated at USD 11.25 billion in 2024, and is expected to reach USD 15.69 billion by 2029, at a CAGR of 6.88% during the forecast period (2024-2029).

• Agriculture plays a significant role in Colombia's economy, with the country demonstrating extensive expertise in producing a wide range of products to meet global market demands. Colombia's primary agricultural products include coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables, fique, panela, forest products, and shrimp.
• Colombia ranks among the world's largest coffee producers, contributing 13.0-16.0% of global production annually and standing as the fourth-largest exporter. Bananas follow coffee in economic importance, while sugarcane and cotton are also significant export crops. Rice, cassava, and maize are the most crucial food crops. The palm oil sector has experienced notable growth, with cultivation areas expanding by 4.3% between 2019 and 2023, reaching 499,076 hectares. This expansion indicates potential for further growth in Colombia's agricultural sector during the forecast period.
• The Colombian government is implementing policies to stabilize agricultural output and promote sustainable industry growth. However, the country has encountered challenges in executing its climate plans, including insufficient local capabilities, limited access to climate information, and low private sector engagement. To address these issues and bridge the gap between national and local levels, the SCALA programme was introduced in 2023. This initiative focuses on developing territorial capacities, tools, and information for implementing adaptation actions in priority agricultural value chains such as coffee, rice, maize, meat, dairy, sugarcane, and cocoa. The programme supports the implementation and enhancement of the Integrated Plan for Climate Change Management in the Agricultural sector across various geographical areas.

Colombia Agriculture Industry Segmentation

Colombia's key agricultural products include coffee, bananas, rice, sugarcane, and corn, among others. The Agriculture Market in Colombia is segmented by type into food crops/cereal, fruits, vegetables, and oilseeds/non-food crops. The report also offers production analysis, consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis in the country. The report offers market size and forecast in terms of value (USD) and volume (Metric Tons) for the abovementioned segments.