Colombia: Vegetable Product Market 2025

Vegetable Product Market Size in Colombia

The Colombian vegetable product market rose significantly to $X in 2022, surging by 9.4% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Product Production in Colombia

In value terms, vegetable product production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 159% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of vegetable products in Colombia contracted to X tons per ha, leveling off at the year before. In general, the yield saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the yield increased by 35%. Over the period under review, the average vegetable product yield attained the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in Colombia; growing by 4.4% compared with 2021 figures. The harvested area increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the harvested area increased by 9.8%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the vegetable product harvested area remained at a somewhat lower figure.

Vegetable Product Exports

Exports from Colombia

After two years of decline, overseas shipments of vegetable products increased by 616% to X tons in 2022. Overall, exports, however, saw a sharp decrease. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable product exports surged to $X in 2022. In general, exports, however, showed a abrupt slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vegetable product exports from Colombia, accounting for a 80% share of total exports. Moreover, vegetable product exports to the United States exceeded the volume sent to the second major destination, Aruba (X tons), tenfold. Curacao (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +70.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+15.5% per year) and Curacao (+134.4% per year).

In value terms, the United States ($X) remains the key foreign market for vegetable products exports from Colombia, comprising 82% of total exports. The second position in the ranking was held by Aruba ($X), with a 12% share of total exports. It was followed by Bolivia, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+24.4% per year) and Bolivia (0.0% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, which is down by -25.8% against the previous year. Overall, the export price, however, saw a temperate increase. The pace of growth was the most pronounced in 2020 an increase of 161% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Curacao ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into Colombia

In 2022, the amount of vegetable products imported into Colombia expanded to X tons, with an increase of 4.3% against the year before. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 566%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, vegetable product imports soared to $X in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 831%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), China (X tons) and the United States (X tons) were the main suppliers of vegetable product imports to Colombia, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vegetable products to Colombia, comprising 49% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by India, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.7% per year) and India (+28.7% per year).

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 85% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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