Earlier Report Observations
The Colombian wine market expanded substantially between 2018 and 2022, with its volume growing from 42 646 t to 90 772 t, an increase of over 112%. In value terms, the market size rose from $139.6 million to $319.8 million across the same period. This robust growth was supported by a significant rise in imports, which climbed from 45 420 t to 95 728 t, making imported wine the dominant component of the market.
A sharp reversal occurred in 2023, as the market volume contracted by 40% to 54 434 t, with the market value falling to $247.7 million. This decline was accompanied by a notable reduction in imports to 59 762 t. Preliminary trade data for 2024 indicates a continued lower level of imports compared to the 2021-2022 peak, alongside a rise in exports.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Colombia
- 5.1.1. Annual dynamics of production in Colombia in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Colombia in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Colombia
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Colombia in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Colombia by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Colombia in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Colombia by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Colombia, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Colombia by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Colombia in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Colombia by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Colombia in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Colombia by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Colombia, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Colombia by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Colombia in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Colombia by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Colombia in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Colombia by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Colombia, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Colombia by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Colombia in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Colombia by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Colombia in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Colombia by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Colombia, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Colombia by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production wine and wine products in Colombia
In kind, 2017-2020, t
Top producers of wine and wine products, 2017-2020
World map of production of wine and wine products, 2017-2020
Colombia's wine and wine products production declined after two years of growth. In 2019, production reached its peak at 2 572 tonnes, but by 2020 it had fallen to 2 149 tonnes, marking a 16.4% year-over-year decrease. The largest annual increase occurred in 2018, when production rose by 10.1%.
Annual dynamics of production in Colombia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 10.1% | 8.6% | (16.4%) | (0.0%) |
In value, 2017-2020, K $ US
Following two years of expansion, Colombia's wine and wine products production experienced a downturn. In 2019, output value peaked at 6 672 thousand US dollars, but in 2020 it dropped to 5 333 thousand US dollars, reflecting a significant 20.1% decline compared to the previous year. The largest annual increase was recorded in 2019, with a 14.1% rise.
Annual dynamics of production in Colombia in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 10.9% | 14.1% | (20.1%) | 0.4% |
Exports wine and wine products from Colombia
Exports in kind, t
Colombia's wine and wine products export volume decreased to 4 533 tonnes in 2020, down 16.4% from the previous year. Over the 2017-2020 period, exports fell by 11.8%, averaging an annual decline of 4.1%. The highest export volume was recorded in 2019 at 5 422 tonnes, with the largest annual increase that year at 5.5%.
Annual dynamics of product's exports from Colombia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.0% | 5.5% | (16.4%) | (4.1%) |
From 2017 to 2020, the United States, Spain, and Peru were the primary destinations for Colombia's wine and wine products exports by volume. The United States accounted for 30.8% of exports, Spain for 16.8%, and Peru for 16.1%, together representing 63.7% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Colombia in kind, 2017-2020
Exports in value, M $ US
After two years of growth, Colombia's wine and wine products export value declined. In 2019, exports reached their highest point at 14.1 million US dollars, but in 2020 they fell to 11.2 million US dollars, a 20.0% decrease year-over-year. Over the 2017-2020 period, export value dropped by 10.8%, with a compound annual growth rate of -3.7%. The largest annual increase was in 2019 at 10.7%.
Annual dynamics of product's exports from Colombia in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.7% | 10.7% | (20.0%) | (3.7%) |
Between 2017 and 2020, the United States, Spain, and Peru were the main markets for Colombia's wine and wine products exports by value. The United States represented 27.9% of export value, Spain 16.0%, and Peru 14.9%, collectively accounting for 58.7% of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Colombia in value, 2017-2020
Imports wine and wine products to Colombia
Imports in kind, t
Colombia's imports of wine and wine products increased for the third consecutive year, reaching 56 612 tonnes in 2020, up 3.1% from 2019. Over the 2017-2020 period, imports grew by 39.4%, averaging an annual increase of 11.7%.
Annual dynamics of product's imports to Colombia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 11.9% | 20.8% | 3.1% | 11.7% |
From 2017 to 2020, Chile, the United Kingdom, and Italy were the leading sources for Colombia's wine and wine products imports by volume. Chile supplied 23.4% of imports, the United Kingdom 21.4%, and Italy 9.0%, together making up 53.7% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Colombia in kind, 2017-2020
Imports in value, M $ US
After two years of growth, Colombia's wine and wine products import value declined. In 2019, imports peaked at 175.1 million US dollars, but in 2020 they decreased to 172.5 million US dollars, down 1.5% year-over-year. Over the 2017-2020 period, import value rose by 47.7%, with a compound annual growth rate of 13.9%. The largest annual increase occurred in 2018 at 25.4%.
Annual dynamics of product's imports to Colombia in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 25.4% | 19.6% | (1.5%) | 13.9% |
Throughout 2017-2020, the United Kingdom, Chile, and Mexico were the key sources for Colombia's wine and wine products imports by value. The United Kingdom accounted for 31.9% of import value, Chile for 19.3%, and Mexico for 9.2%, together representing 60.4% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Colombia in value, 2017-2020
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