Colombia: Filter Paper Market 2024

Filter Paper Market Size in Colombia

The Colombian filter paper market skyrocketed to $X in 2021, jumping by 119% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Filter Paper Exports

Exports from Colombia

In 2021, approx. X kg of filter paper and paperboard cut to shape were exported from Colombia; reducing by -41.8% against the previous year's figure. In general, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 178%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, filter paper exports rose to $X in 2021. Overall, exports showed a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by 52% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X kg) was the main destination for filter paper exports from Colombia, with a 39% share of total exports. Moreover, filter paper exports to Argentina exceeded the volume sent to the second major destination, Cuba (X kg), threefold. Costa Rica (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-20.9% per year) and Costa Rica (+38.3% per year).

In value terms, Argentina ($X) remains the key foreign market for filter paper and paperboard cut to shape exports from Colombia, comprising 55% of total exports. The second position in the ranking was taken by Cuba ($X), with a 22% share of total exports. It was followed by Venezuela, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-25.7% per year) and Venezuela (-20.9% per year).

Export Prices by Country

In 2021, the average filter paper export price amounted to $X per ton, growing by 79% against the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2016 an increase of 122%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Costa Rica ($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 Canada (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Paper Imports

Imports into Colombia

In 2021, imports of filter paper and paperboard cut to shape into Colombia surged to X tons, jumping by 116% against 2020. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, filter paper imports soared to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of filter paper imports to Colombia, together accounting for 70% of total imports. Italy, Spain, Hong Kong SAR, Mexico, Brazil and Germany lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +140.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and China ($X) constituted the largest filter paper suppliers to Colombia, with a combined 60% share of total imports. These countries were followed by Germany, Hong Kong SAR, Spain, Italy, Brazil and Mexico, which together accounted for a further 28%.

Mexico, with a CAGR of +214.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average filter paper import price stood at $X per ton in 2021, growing by 1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2015 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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