Home » Key Industries » agribusiness

agribusiness

COLOMBIA INVESTMENT SUMMIT 2020- agribusiness
  • The Colombian countryside has the potential to become an agricultural power in the region: Colombia is the fifth biggest country in Latin America, with a surface of 114 million hectares, of which, 40 million have been declared as the national agricultural frontier* (35% of the national territory). There are only about 8 million cultivated, so the potential for agricultural development is quite significant (where 20% is being exploited in agricultural crops) (UPRA); specially for products such as:

    • Cocoa: Colombia has 7.3 million hectares with high aptitude for the development of cocoa crops for commercial purposes (UPRA). Also, Colombia is the fifth largest global exporter of fine or flavor cocoa.

    • Specialty coffee: Colombia is the top global exporter of Arabic coffee and the third largest exporter of coffee beans.

    • Forestry plantations: Colombia has 7.5 million hectares with high aptitude for the development of forestry plantations for commercial purposes (UPRA).

    • Fresh fruits (Hass avocado, pineapple, mango, citrus, and blueberries): the country is in the top 10 of the largest avocado exporters in the world.

  • According to the UPRA zoning study, there are about 14.1 million hectares with high and medium aptitude for the establishment of commercial forest plantations in Colombia. Additionally, the country´s strategic location allows year-long photosynthesis and more than 10 forest species suitable for added value products (Source: CONIF).

  • In Colombia, producers and exporters are committed to sustainability, betting on certifications such as Rainforest Alliance, Global G.A.P., Fairtrade, Organic, Fair for Life, among others. In the country, sustainability is not only evaluated from an environmental perspective. Also, the social aspect is quite relevant, where companies develop projects focused on producers and seek to improve the community's quality of life.

  • Between 2016-2020, Colombia was the fourth country with the largest number of FDI projects in the agribusiness sector in Latin America, after Mexico, Brazil, and Argentina (FDI MARKETS).

  • Because of its climate, variety of thermal floors, water availability, and nutrient-rich lands, Colombia has a varied supply of agricultural products throughout the year. The above has led to international companies in the sector, such as Camposol, Greenfruit Avocados, Eurofresh, Rans, among others, having chosen Colombia as an export platform, leveraging on the competitive advantages that the country offers.

  • With approximately 28.2 million cattle, Colombia has the fourth largest livestock herd in Latin America. The country's privileged geographical location allows cattle to be fed pastures throughout the year, without the use of hormones or growth promoters and respecting the natural cycle of development and fattening of the animal, which allows to produce clean, biological, and organic meats in great demand in international markets. In the last 5 years, Colombian exports of beef grew an average of 35%, reaching 16 destinations around the world where countries such as Russia, Lebanon and Hong Kong stand out.

  • Colombia has the fifth-largest food and beverage market in the region and is emerging as an export platform to satisfy the Americas. Colombia's expanded market in the region is USD 1.4 trillion, equivalent to 30% of the world market for processed foods and beverages. In addition, the processed food sector is a pillar of the national economy and represents about 33% of the manufacturing GDP in Colombia. The main processed foods produced were beverages and tobacco, processed meat, bakery and milling, dairy, sugar and panela, processed fruits, oils and fats, coffee and cocoa byproducts, and confectionery.