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During 2021, the Colombian retail sector recovered and grew, following a challenging year caused by the COVID-19 pandemic. Looking ahead, the sector’s growth is uncertain due to high food prices and a new administration that will assume power in August 2022.
In marketing year (MY) 2022/23, Colombia's sugar production is forecast to remain unchanged at 2.3 million metric tons (MT). Although weather conditions are expected to return to normal, crop productivity could be affected by lower fertilizer use due to rising prices.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Colombia is a net importer of many agricultural products and cannot produce the raw materials and ingredients to meet the growing demand of the food and beverage processing industry.