AGROCHEMICALS
The availability and competitive costs of skilled labor make Colombia an excellent destination for producing and exporting agrochemical products to the region.
Colombia has agricultural and agro-industrial growth potential to serve the local and international market; the country is set to become one of the world’s food pantries. About 43 million hectares have been declared national agricultural frontier (37,8% of the territory) and only about 8 million are cultivated. Food and Agriculture Organization (FAO)
EVOLUTION OF THE EXPORTS IN THE SECTOR IN COLOMBIA (2020 – 2024 USD million)
Source: DANE – DIAN
IMPORTANT AND GROWING MARKET
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In 2024, agrochemical production in Colombia was USD 2,188 million growing 15% compared to 2023, when production reached USD 1,907 million. Euromonitor International
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Agrochemical production in Colombia will grow at an annual average rate of 6% during this decade, reaching USD 2,773 million in 2030. Euromonitor International
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In 2023, sector sales in Colombia reached USD 1.731 million, maintaining a robust level with a slight variation of -6.8% compared to USD 1.856 million in 2022. (Annual Manufacturing Survey - EAM)
COLOMBIA IS AN EXPORT PLATFORM FOR THE AMERICAS
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In 2024, Colombian agrochemical exports grew by 1.2%, reaching USD 559.6 million, the highest export value in recent years. DANE
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Brazil, Mexico, and Ecuador accounted for almost 50% of Colombian agrochemical exports in 2024. DANE
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The main agrochemical products exported from Colombia are fungicides, insecticides, and herbicides. DANE
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Agrochemical leading companies such as Bayer, UPL and Yara have located their production and logistics operations in Colombia.
COLOMBIA HAS COMPETITIVE SALARIES AND SKILLED LABOR IN DIFFERENT AREAS RELATED TO THE AGROCHEMICAL SECTOR
In Colombia, more than 17,000 chemical engineering professionals have graduated between 2019 and 2023, according to figures from the Ministry of Education.
According to the IMD World Talent Report 2024, Colombia has one of the largest workforces in the region and holds the second position regarding the availability of skilled labor, surpassing countries such as Argentina, Peru, and Mexico. It also has 3 universities in the top 10 of Latin America, according to QS World University Rankings 2024.
The accession of Colombia to the OECD has enabled the adoption of high-quality standards, such as the Globally Harmonized System (GHS) and Good Laboratory Practice (GLP).
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