Key Market Indicators
Colombian imports of antibiotics are projected to hit approximately $81 million by 2028. This figure represents a steady increase from the current $75 million in 2023, marking an average annual growth rate of 1.2%. Over the long term, since 1996, the demand for antibiotics in Colombia has been on an upward trajectory, growing at an average rate of 1.9% annually. In contrast, the country's antibiotics exports have experienced a significant decline. In 2018, exports were valued at around $198,000, up 6% from $187,000 in 2017. However, since 1996, the supply of antibiotics for export from Colombia has decreased dramatically, with an average annual decline of 31.1%.
