The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Colombia's agribusiness sector is being held back by a number of deep structural challenges
including the lingering consequences of internal armed conflict, structural inefficiencies, low
competitiveness and poor policy choices. As a result, area cultivated and yields have stagnated over the
past decade. However, after several decades of disappointing growth in Colombia's agribusiness sector, the
outlook for production and exports is brightening. The efforts made to resolve the conflict, coupled with the
potential for upcoming agricultural reforms, have paved the way for the revival of Colombia's agribusiness.
The coffee, fruits, sugar, palm oil and horticulture sectors offer the best opportunities. Colombian
agriculture enjoys a large diversity thanks to abundant natural resources and diverse climates and
topography. Although FTAs may undermine the livestock and dairy sectors, they also provide Colombia
with large export markets. The US and EU, which are the main markets for Colombian agricultural
products, will see their imports grow in the coming years with the decrease in tariffs.
? Palm oil production growth to 2019/20: 46.7% to 1.9mn bags. The palm oil sector will continue to
grow at a fast pace, as plantation expansion will be helped by the ongoing pacification of the country and
the government's Plan Siembra.
? Corn consumption growth to 2020: 18.0% to 7.1mn tonnes. Corn consumption will expand at a faster
pace than production over the medium term, boosted by the growth in the livestock sector, especially in
the poultry segment. The domestic corn deficit will reach 4.75mn tonnes by 2018/19, compared with
3.95mn tonnes in 2013/14.