Colombia: Vegetable Market 2024

Vegetable Market Size in Colombia

The Colombian vegetable market stood at $X in 2023, almost unchanged from the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Vegetable Production in Colombia

In value terms, vegetable production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

The average yield of vegetables in Colombia contracted to X tons per ha in 2023, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2023, the growth of the average vegetable yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of vegetables were harvested in Colombia; stabilizing at the year before. In general, the harvested area, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to vegetable production attained the maximum at X ha in 2016; however, from 2017 to 2023, the harvested area remained at a lower figure.

Vegetable Exports

Exports from Colombia

After two years of decline, overseas shipments of vegetables increased by X% to X tons in 2023. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, vegetable exports contracted slightly to $X in 2023. Overall, total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for vegetable exports from Colombia, with a X% share of total exports. Moreover, vegetable exports to the United States exceeded the volume sent to the second major destination, Venezuela (X tons), more than tenfold. The third position in this ranking was taken by Aruba (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Aruba (X% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average vegetable export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Curacao ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Colombia

In 2023, the amount of vegetables imported into Colombia contracted slightly to X tons, falling by X% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, vegetable imports declined to $X in 2023. In general, imports, however, saw modest growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Canada (X tons), Peru (X tons) and the United States (X tons) were the main suppliers of vegetable imports to Colombia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of vegetables to Colombia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average vegetable import price stood at $X per ton in 2023, declining by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform