Colombia: Handmade Paper Market 2024

Handmade Paper Market Size in Colombia

For the third consecutive year, the Colombian handmade paper market recorded decline in sales value, which decreased by -74.4% to $X in 2021. Overall, consumption saw a dramatic descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Handmade Paper Exports

Exports from Colombia

In 2021, overseas shipments of handmade paper and paperboard increased by 28% to X kg, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a significant decline. The pace of growth appeared the most rapid in 2016 with an increase of 4,386%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, handmade paper exports shrank to $X in 2021. In general, exports, however, continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2016 when exports increased by 3,670%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for handmade paper exports from Colombia, accounting for a 83% share of total exports. Moreover, handmade paper exports to Ecuador exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold. The third position in this ranking was taken by Guatemala (X kg), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador stood at -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Guatemala (0.0% per year).

In value terms, Ecuador ($X) remains the key foreign market for handmade paper and paperboard exports from Colombia, comprising 66% of total exports. The second position in the ranking was held by Venezuela ($X), with a 28% share of total exports. It was followed by the United States, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at -31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+17.2% per year) and the United States (-37.6% per year).

Export Prices by Country

In 2021, the average handmade paper export price amounted to $X per ton, declining by -31.6% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 66%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Guatemala ($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 Venezuela (+29.7%), while the prices for the other major destinations experienced mixed trend patterns.

Handmade Paper Imports

Imports into Colombia

In 2021, imports of handmade paper and paperboard into Colombia fell significantly to X tons, reducing by -67.9% on the previous year. In general, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 2,773%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, handmade paper imports dropped remarkably to $X in 2021. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 1,882%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest handmade paper supplier to Colombia, accounting for a 80% share of total imports. Moreover, handmade paper imports from Brazil exceeded the figures recorded by the second-largest supplier, the UK (X kg), sixfold. The third position in this ranking was held by Canada (X kg), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-39.0% per year) and Canada (-24.6% per year).

In value terms, Brazil ($X), the UK ($X) and India ($X) constituted the largest handmade paper suppliers to Colombia, with a combined 78% share of total imports.

Brazil, with a CAGR of +1.5%, 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 a decline.

Import Prices by Country

The average handmade paper import price stood at $X per ton in 2021, shrinking by -29.8% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+99.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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