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Colombia Floriculture Market Size, Share, Growth, Analysis: By Product Type: Cut Flowers, Loose Flowers; By Flower Type: Roses, Chrysanthemums, Carnations, Alstroemerias, Hydrangeas, Lilies, Others; By Application: Aesthetic and Decorative Applications, Flavours and Fragrances, Natural Colours, Others; Competitive Landscape; 2024-2032
Colombia Floriculture Market Outlook
The Colombia floriculture market size was approximately USD 195 million in 2023. The market is assessed to grow at a CAGR of 4.03% between 2024 and 2032, reaching a value of USD 277 million by 2032.
Key Takeaways
- The Flowers Festival is held every year in Medellín, Colombia.
- In the year 2022, Colombia's imports of cut flowers amounted to $14.7M, positioning the country as the 47th largest importer of this product globally.
- Colombia saw a big increase in cut flower imports from 2021 to 2022, with Ecuador leading the way at $1.62M during this period.
Colombia boasts a wide variety of flowers, with carnations, roses, and orchids being the most prominent. Roses are particularly popular in the country, with one farm alone offering 30 different colours. Colombians are known to be particular about the colour of the rose while gifting it to someone, as each colour holds a specific significance.
Further, Colombian carnations are highly regarded worldwide for their beauty, quality, and longevity. Colombia is home to the largest number of orchid species in the world, with over 4,000 different types, including 1,543 that are exclusive to the country.
As per the Colombia floriculture market analysis, the floriculture sector is increasingly emphasising sustainable practices, such as utilising water-efficient irrigation systems, eco-friendly packaging, and organic growing methods. The expansion of e-commerce has also revolutionised the floriculture market, enabling customers to buy flowers online and fuelling the rise of online florists and flower delivery services. Moreover, the increasing awareness of environmental concerns, like climate change and habitat loss, is boosting the need for flowers grown sustainably and sourced ethically.
Colombia boasts nearly ideal conditions for the cultivation of commercial flowers, leading to the worldwide recognition of its floral sector. The primary region for flower production in the country is the savannah surrounding Bogota, characterised by consistent temperatures throughout the year and approximately 12 hours of daylight daily. Remarkably, this area, which was once a lake, has a presence of nutrient-rich clay soil and an extensive network of wetlands, tributaries, and waterfalls that are highly conducive to flower cultivation. Despite the capital city's prominence, other parts also showcase the flourishing growth of various flower species like heliconia and bird of paradise flowers (strelitzia).
Market Segmentation
Colombia Floriculture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Cut Flower
- Loose Flowers
Market Breakup by Flower Type
- Roses
- Chrysanthemums
- Carnations
- Alstroemerias
- Hydrangeas
- Lilies
- Others
Market Breakup by Application
- Aesthetic and Decorative Applications
- Flavours and Fragrances
- Natural Colours
- Medicines
- Others
Competitive Landscape
The market participants are focusing on the adoption of sustainable and ethical practices in flower production, and are also increasing their online presence to reach a wider audience.
- Flores Funza
- Elite Flower SAS CI
- Sunshine Bouquet Company
- Jardines de los Andes SAS
- Agroindustria del Riofrio SAS
- Flores El Trigal SAS
- Florval SAS
- Falcon Farms, Inc.
- Ayurá S.A.S
- Alexandra Farms SAS
- 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 Type |
|
| Breakup by Flower Type |
|
| Breakup by Application |
|
| 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 Latin America Floriculture Market Overview
8.1 Key Industry Highlights
8.2 Latin America Floriculture Historical Market (2018-2023)
8.3 Latin America Floriculture Market Forecast (2024-2032)
8.4 Latin America Floriculture Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Floriculture Market Overview
9.1 Key Industry Highlights
9.2 Colombia Floriculture Historical Market (2018-2023)
9.3 Colombia Floriculture Market Forecast (2024-2032)
10 Colombia Floriculture Market by Product Type
10.1 Cut Flowers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Loose Flowers
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Colombia Floriculture Market by Flower Type
11.1 Roses
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chrysanthemums
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Carnations
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Alstroemerias
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Hydrangeas
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Lilies
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Colombia Floriculture Market by Application
12.1 Aesthetic and Decorative Applications
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Flavours and Fragrances
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Natural Colours
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Medicines
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code: 0603)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Flores Funza
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Elite Flower SAS CI
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sunshine Bouquet Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Jardines de los Andes SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.6 Flores El Trigal SAS
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Florval SAS
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Falcon Farms, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ayurá S.A.S
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Alexandra Farms SAS
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Floriculture Market: Key Industry Highlights, 2018 and 2032
2. Colombia Floriculture Market: Key Industry Highlights, 2018 and 2032
3. Colombia Floriculture Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Floriculture Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Floriculture Historical Market: Breakup by Flower Type (USD Million), 2018-2023
6. Colombia Floriculture Market Forecast: Breakup by Flower Type (USD Million), 2024-2032
7. Colombia Floriculture Historical Market: Breakup by Application (USD Million), 2018-2023
8. Colombia Floriculture Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Colombia Floriculture Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 195 million.
The market is projected to grow at a CAGR of 4.03% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 277 million by 2032.
The market is driven by the increased use of flowers on different occasions and festivals in Colombia and the cultural significance associated with flowers.
The key trends aiding the market expansion include the rise of e-commerce and the use of organic methods to cultivate flowers in the region.
The major product types in the market are cut flower and loose flowers.
The major flower types in the market are Roses, Chrysanthemums, Carnations, Alstroemerias, Hydrangeas, and Lilies, among others.
The major players in the market are Flores Funza, Elite Flower SAS CI, Sunshine Bouquet Company, Jardines de los Andes SAS, Agroindustria del Riofrio SAS, Flores El Trigal SAS, Florval SAS, Falcon Farms, Inc., Ayurá S.A.S, and Alexandra Farms SAS, and others.
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