The Netherlands is the world's largest exporter of flowers, accounting for 52 percent of the world's cut flowers last year, thanks to numerous large greenhouses across the countryside, Rabobank said.
However, the Dutch share in global flower exports is declining as low-cost competitors like Kenya, Ethiopia, Ecuador, and Colombia, quickly catch up in production.
"Growers in these countries are able to achieve large-scale production of good-quality flowers for competitive prices," Rabobank stated.
"High-cost growers who do not want to sit on thorns need to differentiate themselves from low-cost countries, or become active in these low-cost regions."
Colombia was ranked the world's second largest exporter in 2013 with a $1 billion floral industry, according to government agency ProColombia.