In 2019, agrochemical sales in Colombia was US$ 600 million. Colombia has the second highest pesticide consumption rate per hectare in Latin America, spending a huge 35% percent of the cost of food production on agrochemical and fertilizer use. According to the World Bank, its pesticide use has almost quadrupled in the last 20 years.
The Colombian agrochemical market is highly competitive, with the strong presence of major global players, as well as a growing trend of generic players.
The total revenues of the top 10 leading companies (which includes multinationals) reached US$ 423 million, accounting for 70.5% of market sales.
According to a survey conducted by AgroPages, sales of the top 10 local agrochemical companies totaled US$ 78.5 million, accounting for 13.1% of the entire market.
In addition to the top ten companies, local companies are not key players in the Colombian market, but a unique exception could be Invesa, which alone occupies 6.7% of market share. In general, this market is driven by international companies, mainly multinationals.
Notes to readers: It has been the second year for AgroPages to release these ranking lists of local agrochemical companies in Latin American countries. We aim to present, to readers, the general view of leading local companies in the region’s markets, to help anyone interested in learning more about the competition structure of the industry, as well as to offer information on potential partners in the market to new players.
Companies included in these lists may be partly acquired or controlled by companies from other countries. However, we still consider them as local companies, because according to the Company Law, they continue to be incorporated in the local country. We appreciate very much all individuals and companies who provided us with information, and we welcome comments on these ranking lists from our readers. Please contact: firstname.lastname@example.org
This ranking was initially published in AgroPages '2020 Latin America Focus' magazine. We also published ranking list of Top 10 Local Agrochemical Companies in Brazil, Argentina and Mexico, download the magazine to read more.