Colombia Consumer Goods and Retail Sector Report H2 2024

In Q2 2024, Colombia's GDP grew by 2.1% y/y in real terms, which was partly due to stronger household consumption growth, accelerating from 0.3% y/y in Q1 2024 to 1.2% y/y in Q2 2024. Despite a modest upturn, the commerce sector continues to face challenges. In August 2024, the retail trade index increased by 5.2% y/y in real terms, with expansion in 14 of the 19 sectors. The sectors with the highest increases were IT equipment (35.6% y/y), sound equipment (23.6% y/y) and household appliances (14.6% y/y). However, textiles and apparel (clothing) contracted by 7.8% y/y. The rise in household consumption of durable and non-durable goods was fuelled by lower inflation and interest rates. As of September 2024, consumer price inflation was 5.8% y/y, mainly due to food and goods, affected by fuel price adjustments, indexation due to high previous inflation and weather events.

This report provides a complete and detailed analysis of the "Retailing" sector for Colombia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Retailing" sector in Colombia
• Crystallise the forces both driving and restraining this sector in Colombia
• Ascertain Colombia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Colombia.
• Build a clear picture of trends, output and consumption for specific sub-sectors