Colombia: Food Service - Hotel Restaurant Institutional Annual
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Food service sales in Colombia grew in 2023, increasing by seven percent to $14 billion. Growth is likely to slow in 2024 due to economic stagnation and reductions in non-essential household expenditures, especially due to high food inflation. Despite economic challenges, growing tourism and business travel to major Colombian cities and urbanization are creating opportunities to expand U.S. exports. In 2023, Colombia imported $2.7 billion of consumer-oriented agricultural products.