In 2019, the commercial market in Colombia achieved revenues of $180m. This was up from just over $226m in 2009, indicating a compound annual growth rate of -2.0% p.a. for the decade.
Colombia has witnessed strong economic growth over the past decade – averaging at 4.3% per year. Growth has however been slowing over the past few years – like many other South American economies, the fall in commodity prices and a decline in exports have effected growth.
Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 2.7% p.a. in a low scenario to 4.8% p.a. in a high scenario. Accordingly, the industry in Colombia is expected to achieve revenues of between $206m to $228m by 2024.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential