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Colombia Fertilizer Market Size, Share, Growth, Analysis: By Product: Organic, Inorganic; By Form: Dry, Liquid; By Crop Type: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Colombia Fertilizer Market Outlook
The Colombia fertilizer market size was approximately USD 3.93 billion in 2023. The market is assessed to grow at a CAGR of 3.60% between 2024 and 2032, reaching a value of USD 5.41 billion by 2032.
Key Takeaways
- In 2022, fertilizers ranked as the 15th highest imported commodity in Colombia.
- Colombia emerged as the 28th largest global importer of nitrogenous fertilizers in 2022, with imports amounting to $489M. Additionally, nitrogenous fertilizers secured the 23rd position among the most imported products in Colombia during the same year.
- Colombia experienced significant growth in fertilizer imports from Russia, Chile, and the United States during the 2021-2022 period, with Russia leading at $123 million, followed by Chile at $69.6 million, and the US at $59.1 million.
The fertilizer sector in Colombia is experiencing a steady growth as a result of the ongoing progress in the agricultural sector and the increasing food demands of the expanding population. The increase in crop production, including coffee, corn, and cocoa, is set to play a significant role in the growth of the country’s fertilizer market.
As per the Colombia fertilizer market analysis, organic fertilizers are expected to hold a significant share of the market in the near future. The market for organic fertilizers is expected to rise due to increasing concerns about the health risks associated with the use of chemical fertilizers. Organic fertilizers are naturally occurring mineral sources that contain a moderate amount of essential nutrients for plants. They help mitigate the issues caused by synthetic fertilizers and reduce the need for frequent application to maintain soil fertility. Additionally, organic fertilizers gradually release nutrients into the soil, ensuring a balanced nutrient supply for the healthy growth of plants.
The rise in sustainable agriculture practices and the implementation of smart agricultural techniques are expected to contribute to the Colombia fertilizer market growth. Environmental friendly fertilizer solutions that help enhance soil health, decrease greenhouse gas emissions, and conserve water, are expected to support the market development. Additionally, the market is expected to benefit from increasing government investments towards improving the productivity within the agriculture sector and educating farmers regarding modern, cost-effective, and sustainable solutions to enhance crop yield.
Market Segmentation
Colombia Fertilizer Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Organic
- Inorganic
Market Breakup by Form
- Dry
- Liquid
Market Breakup by Crop Type
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
Competitive Landscape
The market participants are increasingly prioritising the development of organic and chemical free fertilizers to gain a competitive edge in the market while promoting sustainability.
- Yara International ASA
- Monomeros Colombo Venezolanos S,A.
- Nutricon de Plantas SA
- Precisagro
- DISAN Agro
- CI Acepalma SA
- Nipponfert Indústria e Comércio de Fertilizantes Ltda
- Nutrien Ltd
- Cargill, Incorporated
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Form |
|
| Breakup by Crop Type |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Colombia Fertilizer Market Overview
8.1 Key Industry Highlights
8.2 Colombia Fertilizer Historical Market (2018-2023)
8.3 Colombia Fertilizer Market Forecast (2024-2032)
9 Colombia Fertilizer Market by Product
9.1 Organic
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Inorganic
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Colombia Fertilizer Market by Form
10.1 Dry
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Liquid
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Colombia Fertilizer Market by Crop Type
11.1 Grains and Cereals
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Pulses and Oilseeds
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Commercial Crops
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Fruits and Vegetables
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code: 310520)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Yara International ASA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Monomeros Colombo Venezolanos S,A.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Nutricon de Plantas SA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Precisagro
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 DISAN Agro
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 CI Acepalma SA
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Nipponfert Indústria e Comércio de Fertilizantes Ltda
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Nutrien Ltd
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Cargill, Incorporated
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Colombia Fertilizer Market: Key Industry Highlights, 2018 and 2032
2. Colombia Fertilizer Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Colombia Fertilizer Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Colombia Fertilizer Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Colombia Fertilizer Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Colombia Fertilizer Historical Market: Breakup by Crop Type (USD Billion), 2018-2023
7. Colombia Fertilizer Market Forecast: Breakup by Crop Type (USD Billion), 2024-2032
8. Major Importing Countries by Volume
9. Major Exporting Countries by Volume
10. Major Importing Countries by Value
11. Major Exporting Countries by Value
12. Colombia Fertilizer Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.93 billion.
The market is projected to grow at a CAGR of 3.60% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 5.41 billion by 2032.
The market is driven by the increased demand for soil nutrients and higher crop yields, as well as rising public investments in the agricultural sector.
The key trends aiding the market expansion include a rise in the utilisation of organic fertilizers, a surge in the demand for organic foods, and a noticeable growth in the trade of crops both domestically and internationally.
The major products in the market are organic and inorganic fertilizers.
The major forms of fertilizers in the market are dry and liquid.
The major players in the market are Yara International ASA, Monomeros Colombo Venezolanos S,A., Nutricon de Plantas SA, Precisagro, DISAN Agro, CI Acepalma SA, Nipponfert Indústria e Comércio de Fertilizantes Ltda, Nutrien Ltd, and Cargill, Incorporated, among others.
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