Colombia: Corrugated Paper Market 2024

Corrugated Paper Market Size in Colombia

The Colombian corrugated paper market dropped to $X in 2021, approximately mirroring the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +1.7% against 2019 indices. Corrugated paper consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Corrugated Paper Production in Colombia

In value terms, corrugated paper production dropped to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 65%. Corrugated paper production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Corrugated Paper Exports

Exports from Colombia

In 2021, overseas shipments of corrugated paper and paperboard decreased by -20.4% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 736% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced dramatically in the following year.

In value terms, corrugated paper exports contracted to $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 995%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Venezuela (X tons) was the main destination for corrugated paper exports from Colombia, with a 99% share of total exports. It was followed by Ecuador (X tons), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled +67.5%.

In value terms, Venezuela ($X) remains the key foreign market for corrugated paper and paperboard exports from Colombia, comprising 96% of total exports. The second position in the ranking was held by Ecuador ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled +69.1%.

Export Prices by Country

In 2021, the average corrugated paper export price amounted to $X per ton, surging by 7% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 112%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Venezuela totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Corrugated Paper Imports

Imports into Colombia

In 2021, corrugated paper imports into Colombia skyrocketed to X tons, with an increase of 224% compared with 2020. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 245%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, corrugated paper imports soared to $X in 2021. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 153% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Free Zones (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of corrugated paper imports to Colombia, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X) constituted the largest supplier of corrugated paper and paperboard to Colombia, comprising 63% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by Poland, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Free Zones totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and Poland (0.0% per year).

Import Prices by Country

In 2021, the average corrugated paper import price amounted to $X per ton, shrinking by -30.7% against the previous year. In general, the import price saw a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 57%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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