Colombia Floriculture Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2 Billion |
| Market Size (2029) | USD 2.54 Billion |
| CAGR (2024 - 2029) | 4.81 % |
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, at a CAGR of 4.81% during the forecast period (2024-2029).
Colombia stands out as a leading global producer and exporter of flowers. Spanning over 10,000 hectares, the country cultivates more than 6,400 flower varieties, predominantly in Cundinamarca, with Antioquia and Centerwest also playing significant roles. Major flowers produced include high-quality carnations, roses, hydrangeas, chrysanthemums, lilies, and alstroemerias. Beyond its robust export performance, the industry generates significant employment, revitalizing local communities and bolstering the economy, thereby fueling market growth. Data from the National Administrative Department of Statistics (DANE) reveals that between January and February 2022, Colombia's flower trade approached USD 890 million, underscoring its economic significance.
Colombia's flower industry champions sustainability, with growers committed to eco-friendly farming and reduced carbon footprints. The Florverde Sustainable Flowers certification is a prime example, highlighting the industry's commitment to a greener future. This certification ensures flowers are grown under strict social and environmental standards, emphasizing both worker welfare and eco-responsibility.
In 2022, Flowers of Colombia, a leading brand, organized the Dianthus Week Colombia 2022, showcasing new Dianthus varieties, popularly known as carnations. Such initiatives, led by various companies and organizations, aim to enhance the visibility and market presence of Colombian flowers. Thus, the synergy of robust flower production, sustainable cultivation practices, and proactive promotional activities is driving market growth in the coming years.
Colombia Floriculture Market Trends
Rising Export Potential of Cut Flowers
- Colombia is the world's second-largest flower exporter, trailing only the Netherlands. As per the ITC trade map, in 2023, Colombia constituted 19.7% of the global cut flower export market. The nation's primary exports include roses, carnations, chrysanthemums, and lilies. International demand for these flowers remains steady year-round, with notable surges during peak occasions like Valentine's Day and Mother's Day, amplifying export volumes. Moreover, the growing global appetite for flowers, coupled with competitive pricing, significantly boosts the export potential of Colombian blooms.
- Colombia's cut flower exports have shown a consistent upward trajectory, with key markets being the United States, Canada, the United Kingdom, the Netherlands, and Japan. Recent data from the ITC trade map highlights an increase in Colombia's cut flower exports, rising from USD 2,052 million in 2022 to USD 2,080 million in 2023. This uptick is largely attributed to heightened demand from the U.S. and the U.K., fortifying Colombia's export market and propelling overall market growth.
- Moreover, various countries' export-boosting initiatives are fueling market expansion. For instance, in 2023, a partnership between ProColombia and Colombia's business association reinforced the nation's position as a premier global flower exporter. As reported by the ITC trade map, Colombian flower exports totalled USD 2,080 million in 2023, reflecting a 1.3% uptick from the previous year. Consequently, bolstered by rising demand and supportive initiatives, Colombia's burgeoning exports are poised to drive market growth in the coming years.
Government Initiatives and Competitive Edge Propel Market Growth
- The floriculture industry in Colombia has seen significant volume growth and has become a sophisticated, dynamic, and diverse sector. Continuous innovation and market exploration characterize the Colombian flower industry, which benefits from government support. Various national organizations enhance the floriculture sector by streamlining regulatory processes, refining export and import guidelines, and providing equipment subsidies. These initiatives encourage growers to modernize, address labor challenges, and meet consumer quality standards. For example, in April 2024, the Colombian Agricultural Institute (ICA) introduced a new procedure for importing in vitro plants for research. This initiative aims to ensure phytosanitary safety, expedite import processes, and shorten product release times into the national commercial system.
- Additionally, the increasing demand for flowers has led to growing imports into the country, raising the need for supportive flower import regulations in Colombia. According to UN Comtrade, in 2023, Ecuador was the leading country of origin for flower imports to Colombia, with about USD 18 million. The Netherlands ranked second with over USD 253 thousand.
- The rising global demand for Colombian flowers also supports the industry's expansion. The Colombian flower sector enjoys several competitive advantages: abundant land, favorable climate, skilled labor, robust infrastructure, and beneficial trade agreements with the United States. According to Asocolflores, the Association of Flower Exporters, Colombia commands 32.2% of the global flower and plant market, boasting over 10,000 hectares dedicated to flower cultivation. Additionally, the growing agricultural labor force further propels the industry's value and volume. The World Bank reported that in 2022, agriculture constituted 14.64% of Colombia's total employment. Asocolflores also noted that Colombia's floriculture sector provided 200,000 formal jobs in 2022, with 110,000 being direct positions. Such factors coupled with supportive government initiatives will drive the market's growth during the forecast period.
Colombia Floriculture Market News
- March 2024: In Colombia, the Dianthus Week event highlights new carnation varieties from global growers, including those from Colombia, Korea, the United States, Japan, and the Netherlands. The event also aims to enhance carnation exports and improve the perception of carnations as modern and trendy flowers.
- December 2023: The Colombian Association of Flower Exporters, Asocolflores, celebrated the 30th Proflora show in Bogota, Colombia's capital. This event featured top flower varieties and introduced promising newcomers, connecting global breeding companies with growers, buyers, and traders.
Colombia Floriculture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Export Potential of Cut Flowers
4.2.2 Increasing Favourable Initiatives
4.2.3 Favourable Climatic Conditions
4.3 Market Restraints
4.3.1 Stringent Trade Regulations
4.3.2 Fluctuations in the Prices
4.4 Value Chain Analysis
5. MARKET SEGMENTATION (Production Analysis, Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis)
5.1 Flower Type
5.1.1 Roses
5.1.2 Chrysanthemums
5.1.3 Carnations
5.1.4 Alstroemerias
5.1.5 Hydrangeas
5.1.6 Lilies
5.1.7 Other Types of Flowers
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Colombia Floriculture Industry Segmentation
Floriculture is a practice that primarily focuses on the cultivation of flowering and ornamental plants for gardens and commercial use. The Colombian floriculture market is segmented by flower type (roses, chrysanthemums, carnations, alstroemeria, hydrangea, lilies, and other flower types). A detailed analysis of the market is provided by giving the production analysis, consumption analysis (value and volume), import analysis (value and volume), export analysis (value and volume), and price trend analysis within the country for each flower type. The report offers market estimation and forecasts in value (USD) and volume (Metric tons) for the above-mentioned segments.
| Flower Type | |
| Roses | |
| Chrysanthemums | |
| Carnations | |
| Alstroemerias | |
| Hydrangeas | |
| Lilies | |
| Other Types of Flowers |
Colombia Floriculture Market Research FAQs
How big is the Colombia Floriculture Market?
The Colombia Floriculture Market size is expected to reach USD 2 billion in 2024 and grow at a CAGR of 4.81% to reach USD 2.54 billion by 2029.
What is the current Colombia Floriculture Market size?
In 2024, the Colombia Floriculture Market size is expected to reach USD 2 billion.
What years does this Colombia Floriculture Market cover, and what was the market size in 2023?
In 2023, the Colombia Floriculture Market size was estimated at USD 1.90 billion. The report covers the Colombia Floriculture Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Colombia Floriculture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Floriculture in Colombia Industry Report
Statistics for the 2024 Floriculture in Colombia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Floriculture in Colombia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
