Colombia Fertilizer Market Report and Forecast 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