糖心vlog传媒

logo

Colombia Grains Market Size (2024 - 2029)

The Colombia Grain Market is experiencing growth, driven by factors such as increasing livestock production and a rising population, which boost grain production. Despite being a major producer of corn, Colombia relies on imports to meet domestic demand, highlighting a significant aspect of the market's dynamics. Rice stands out as the most extensively cultivated cereal, followed by corn and sorghum. The market's expansion is further supported by the need for imports, reflecting its evolving market size and share.

Home Market Analysis Agriculture Research Agricultural Commodities Research Bulk Commodities Research Grains Research Colombia Grains Market Market Size

Market Size of Colombia Grains Industry

Colombia Grains Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 3.13 Billion
Market Size (2029) USD 3.97 Billion
CAGR (2024 - 2029) 4.50 %

Colombia Grain Market Analysis

The Colombia Grains Market size is estimated at USD 3.13 billion in 2024, and is expected to reach USD 3.97 billion by 2029, at a CAGR of 4.5% during the forecast period (2024-2029).

The long-term outlook for Colombia's grain market is positive, driven by increased consumption of wheat, rice, and other grains across various cuisines, as well as growth in processing industries producing flour, pasta, noodles, and beverages. According to the USDA Grain and Feed Annual Colombia Report 2023, the country has approximately 95 rice millers operating 121 mills, with two large companies controlling 45 percent of the market. Several factors are anticipated to contribute to increased grain consumption in Colombia during the forecast period, including population growth, increased research and development, rising health consciousness, and growing incomes, potentially leading to higher grain prices.

Changes in lifestyle and consumption patterns have led to increased demand for food grains like wheat. As a result, farmers have expanded wheat cultivation areas. FAOSTAT data shows that the area under wheat cultivation in Colombia increased from 2,600 hectares in 2021 to 4,583 hectares in 2022. This expansion in cultivation area reflects the growing importance of wheat in the country's agricultural sector.

Initiatives by government and private entities are further anticipated to drive market growth. In 2024, the Ministry of Agriculture and Rural Development, Fedearroz, and Induarroz (rice millers association) signed an agreement to enhance the competitiveness of Colombia's rice sector. This agreement allows the Colombian rice sector to use COL-RICE funds from the government to invest in drying and storage facilities. Such partnerships aim to reduce grain losses during storage and support market growth.

Colombia Grain Industry Segmentation

Grains are small, dry, hard seeds harvested from various grass species, including oats, corn, rice, and wheat. The Colombian grain market encompasses rice, maize, sorghum, wheat, barley, and oats. This report analyzes production volume, consumption volume and value, import volume and value, export volume and value, and price trends for these grain segments. Additionally, the report provides market size and forecasts in terms of value (USD) and volume (Metric Tons) for each segment.

Rice
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Maize
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Sorghum
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Wheat
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Barley
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Oats
Production Analysis
Consumption Analysis (Volume and Value)
Import market (Volume & Value)
Export market (Volume & Value)
Price Trend Analysis
Need A Different Region Or Segment?
Customize Now

Colombia Grains Market Size Summary

The Colombia grain market is experiencing a steady growth trajectory, driven by the increasing demand for animal feed and the rising production of livestock. Corn and rice are the primary grains produced in the country, with rice being the most widely cultivated cereal. Despite significant domestic production, Colombia remains a net importer of corn, relying heavily on imports to meet its domestic consumption needs. The United States is the leading supplier of corn, followed by Argentina and Brazil. The demand for grains is further bolstered by the country's strong economic performance and dietary shifts towards higher animal protein consumption, particularly in the poultry sector.

The market's expansion is supported by the growing population and the subsequent rise in demand for animal feed, which constitutes the majority of corn imports. As Colombia's economy continues to strengthen, there is a notable shift in dietary preferences, with more households moving into low and middle-income brackets, leading to increased consumption of poultry meat. This trend is expected to sustain the demand for grains, as livestock production ramps up to meet the growing need for meat and feed. The interplay of these factors underscores the dynamic nature of the grain market in Colombia, highlighting its potential for continued growth in the coming years.

Explore More

Colombia Grains Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Demand for Animal-based Protein Sources

      2. 1.2.2 Increasing Grains Imports to maintain Domestic Supply

      3. 1.2.3 Increasing Government Initiatives

    3. 1.3 Market Restraints

      1. 1.3.1 High Risk of Pest and Disease Occurrence

      2. 1.3.2 Price Volatility in Grains Market

    4. 1.4 Value chain analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Rice

      1. 2.1.1 Production Analysis

      2. 2.1.2 Consumption Analysis (Volume and Value)

      3. 2.1.3 Import market (Volume & Value)

      4. 2.1.4 Export market (Volume & Value)

      5. 2.1.5 Price Trend Analysis

    2. 2.2 Maize

      1. 2.2.1 Production Analysis

      2. 2.2.2 Consumption Analysis (Volume and Value)

      3. 2.2.3 Import market (Volume & Value)

      4. 2.2.4 Export market (Volume & Value)

      5. 2.2.5 Price Trend Analysis

    3. 2.3 Sorghum

      1. 2.3.1 Production Analysis

      2. 2.3.2 Consumption Analysis (Volume and Value)

      3. 2.3.3 Import market (Volume & Value)

      4. 2.3.4 Export market (Volume & Value)

      5. 2.3.5 Price Trend Analysis

    4. 2.4 Wheat

      1. 2.4.1 Production Analysis

      2. 2.4.2 Consumption Analysis (Volume and Value)

      3. 2.4.3 Import market (Volume & Value)

      4. 2.4.4 Export market (Volume & Value)

      5. 2.4.5 Price Trend Analysis

    5. 2.5 Barley

      1. 2.5.1 Production Analysis

      2. 2.5.2 Consumption Analysis (Volume and Value)

      3. 2.5.3 Import market (Volume & Value)

      4. 2.5.4 Export market (Volume & Value)

      5. 2.5.5 Price Trend Analysis

    6. 2.6 Oats

      1. 2.6.1 Production Analysis

      2. 2.6.2 Consumption Analysis (Volume and Value)

      3. 2.6.3 Import market (Volume & Value)

      4. 2.6.4 Export market (Volume & Value)

      5. 2.6.5 Price Trend Analysis

Colombia Grains Market Size FAQs

The Colombia Grains Market size is expected to reach USD 3.13 billion in 2024 and grow at a CAGR of 4.5% to reach USD 3.97 billion by 2029.

In 2024, the Colombia Grains Market size is expected to reach USD 3.13 billion.

Colombia Grains Market Report Snapshots

Colombia Grain Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)