Colombia: Envelope Market 2024

Envelope Market Size in Colombia

The Colombian envelope market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, showed a pronounced slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Envelope Production in Colombia

In value terms, envelope production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Envelope Exports

Exports from Colombia

In 2021, approx. X tons of envelopes were exported from Colombia; waning by -71.1% compared with 2020. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 84% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, envelope exports fell rapidly to $X in 2021. In general, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Venezuela (X tons), the United States (X tons) and Curacao (X kg) were the main destinations of envelope exports from Colombia, together accounting for 68% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +134.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for envelopes exports from Colombia, comprising 30% of total exports. The second position in the ranking was held by Ecuador ($X), with a 10% share of total exports. It was followed by Venezuela, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +110.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-38.7% per year) and Venezuela (-30.3% per year).

Export Prices by Country

The average envelope export price stood at $X per ton in 2021, picking up by 38% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Envelope Imports

Imports into Colombia

In 2021, envelope imports into Colombia surged to X tons, increasing by 151% against 2020. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 791% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, envelope imports soared to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 797%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest envelope supplier to Colombia, accounting for a 69% share of total imports. Moreover, envelope imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+29.3% per year) and the United States (+5.6% per year).

In value terms, China ($X) constituted the largest supplier of envelopes to Colombia, comprising 71% of total imports. The second position in the ranking was taken by Spain ($X), with an 8.4% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.5% per year) and the United States (+6.0% per year).

Import Prices by Country

In 2021, the average envelope import price amounted to $X per ton, increasing by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2015 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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 Peru ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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