Market Size of Colombia Floriculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2.00 Billion |
| Market Size (2029) | USD 2.54 Billion |
| CAGR (2024 - 2029) | 4.81 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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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, growing at a CAGR of 4.81% during the forecast period (2024-2029).
- Among the various types of flowers, roses, and carnations are witnessing immense popularity in the country's floriculture market. Around 150 companies import and distribute Colombian flowers in the United States, mainly in Miami. According to the Association of Colombian Flower Exporters (Asocolflores), the total area harvested in 2018 under aster, gypsophila, and gerbera was 150 hectares. Rose, carnations, orchids, hydrangeas, alstroemerias, lilies, and Chrysanthemums are the major exported flowers from Colombia. The demand for Colombian cut flowers exists throughout the year - however, the same increases during different seasons, such as valentine's day and mother's day.
- Apart from the aforementioned factors, the increasing demand and lower prices also play a major role in the increasing export potential for Colombian cut flowers. The Government of Colombia offers subsidies for the equipment purchased for floriculture to encourage growers to opt for modernization to meet the labor problems and quality standards demanded by the consumers. Colombia is the world's second-largest exporter of cut flowers after the Netherlands.
- The strict rules and regulations formed by the developed countries, which serve as major markets for Colombian cut flowers, act as a major restraint for the floriculture industry. Also, the employees face several problems, such as minimum wages, extra working hours, an unhealthy work environment, etc. Colombia is the world's second-largest cut flower exporter. There is a huge demand for Colombian cut flowers in the United States, the United Kingdom, and Russia which are the major importers of cut flowers. This will boost the growth of the market in the coming years.
Colombia Floriculture Industry Segmentation
Floriculture is a type of horticulture 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, alstroemerias, hydrangeas, lilies, and other flower types).
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.
The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.
| Flower Type | |
| Roses | |
| Chrysanthemums | |
| Carnations | |
| Alstroemerias | |
| Hydrangeas | |
| Lilies | |
| Other Types of Flowers |
Colombia Floriculture Market Size Summary
The Colombian floriculture market is poised for steady growth, driven by the country's position as the second-largest exporter of cut flowers globally, following the Netherlands. The market is characterized by a diverse range of flowers, with roses and carnations being particularly popular. The United States, United Kingdom, and Russia are significant importers of Colombian flowers, contributing to the market's expansion. The Colombian government plays a supportive role by offering subsidies for modernizing equipment and signing free trade agreements, such as with the United States, to enhance export capabilities. Despite challenges like strict regulations in developed markets and labor issues, the market continues to thrive, with e-commerce emerging as a vital channel for sales, especially during peak seasons like Valentine's Day.
Colombia's floriculture industry is a crucial part of the national economy, with a significant portion of production concentrated in regions like La Sabana of Bogotá and Río Negro. The industry not only generates substantial revenue but also provides employment opportunities, with a notable contribution to the agricultural sector's income. The government's initiatives to boost the cultivation of in-demand flowers like hydrangeas and collaborations with countries like Canada to strengthen trade relations are expected to further enhance the market's growth prospects. As the industry celebrates milestones and addresses succession planning, it remains focused on sustainable practices and meeting international quality standards, ensuring its continued success in the global market.
Colombia Floriculture Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION (Production Analysis, Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis)
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2.1 Flower Type
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2.1.1 Roses
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2.1.2 Chrysanthemums
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2.1.3 Carnations
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2.1.4 Alstroemerias
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2.1.5 Hydrangeas
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2.1.6 Lilies
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2.1.7 Other Types of Flowers
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Colombia Floriculture Market Size FAQs
How big is the Colombia Floriculture Market?
The Colombia Floriculture Market size is expected to reach USD 2.00 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 2.00 billion.
