From 2013 to 2019, the production of water collection, treatment, and supply in Colombia exhibited a consistent year-on-year growth rate, peaking at 9.65% in 2018. In 2020, there was a significant dip of -15.85%, likely due to disruptions caused by the COVID-19 pandemic. The recovery in 2021 was robust, with an 18.19% growth, followed by a stabilization phase with 8.52% and 2.94% in 2022 and 2023, respectively. As of 2023, the value stood at 6.4089 Trillion Colombian Pesos. Over the last five years, the average annual growth rate (CAGR) was 3.72%.
Future trends to watch for:
- Continued growth at a forecasted 5-year CAGR of 2.21%, indicating moderate yet sustained expansion.
- Increasing focus on sustainable water management practices to address climate change impacts and water scarcity.
- Integration of advanced technologies in water treatment processes to improve efficiency and quality.