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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.

The Caribbean retail grocery sector continued on the upswing in 2021. The region increased its imports of consumer-oriented agricultural products by 14 percent in 2021, reaching an estimated $2.45 billion. The outlook calls for moderate growth as the region continues on the path to recovery from the COVID-19 pandemic and markets such as Guyana and Turks and Caicos Islands emerge as larger players in the regional context.