Colombia: Paper Label Market 2024

Paper Label Market Size in Colombia

The Colombian paper label market contracted to $X in 2021, reducing by -6.9% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Paper Label Production in Colombia

In value terms, paper label production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.2% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Paper Label Exports

Exports from Colombia

For the seventh year in a row, Colombia recorded decline in shipments abroad of labels of paper or paperboard, which decreased by -2.4% to X tons in 2021. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 9.8%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, paper label exports surged to $X in 2021. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Ecuador (X tons) and the United States (X tons) were the main destinations of paper label exports from Colombia, together comprising 58% 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 Mexico (with a CAGR of +13.2%), while the other leaders experienced a decline.

In value terms, the largest markets for paper label exported from Colombia were Mexico ($X), Ecuador ($X) and Peru ($X), with a combined 56% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average paper label export price amounted to $X per ton, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to the United States ($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 Panama (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Label Imports

Imports into Colombia

Paper label imports into Colombia surged to X tons in 2021, growing by 34% on 2020. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 50%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, paper label imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of paper label to Colombia, with a 51% share of total imports. Moreover, paper label imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold. The third position in this ranking was taken by Mexico (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+15.9% per year) and Mexico (+12.7% per year).

In value terms, the largest paper label suppliers to Colombia were Argentina ($X), China ($X) and the United States ($X), with a combined 71% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper label import price stood at $X per ton in 2021, increasing by 8.9% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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