Colombia: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Colombia

The Colombian other papers packaging market shrank markedly to $X in 2022, waning by -23.1% against the previous year. Over the period under review, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Other Papers Packaging Production in Colombia

In value terms, other papers packaging production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Other Papers Packaging Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in shipments abroad of other papers packaging, when their volume decreased by -19.9% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 272% against the previous year. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, other papers packaging exports fell rapidly to $X in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 183% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Argentina (X tons) was the main destination for other papers packaging exports from Colombia, with a 35% share of total exports. Moreover, other papers packaging exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.6% per year) and South Korea (+59.4% per year).

In value terms, Argentina ($X) emerged as the key foreign market for other papers packaging exports from Colombia, comprising 34% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+60.6% per year) and Mexico (+16.2% per year).

Export Prices by Country

In 2022, the average other papers packaging export price amounted to $X per ton, shrinking by -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2019 an increase of 24% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Other Papers Packaging Imports

Imports into Colombia

In 2022, approx. X tons of other papers packaging were imported into Colombia; dropping by -45.2% on the previous year's figure. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,018% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, other papers packaging imports contracted significantly to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 799%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest other papers packaging supplier to Colombia, with a 34% share of total imports. Moreover, other papers packaging imports from Germany exceeded the figures recorded by the second-largest supplier, Panama (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+1.9% per year) and China (+6.4% per year).

In value terms, Germany ($X) constituted the largest supplier of other papers packaging to Colombia, comprising 34% of total imports. The second position in the ranking was held by Panama ($X), with a 4.3% share of total imports. It was followed by the United States, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-3.4% per year) and the United States (+7.5% per year).

Import Prices by Country

The average other papers packaging import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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