Colombia: Photographic Paper Market 2024

Photographic Paper Market Size in Colombia

In 2021, the Colombian photographic paper market increased by 37% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Photographic Paper Exports

Exports from Colombia

In 2021, photographic paper exports from Colombia reduced slightly to X square meters, declining by -4% compared with the previous year. In general, exports, however, posted a measured expansion. The growth pace was the most rapid in 2013 with an increase of 127% against the previous year. The exports peaked at X square meters in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, photographic paper exports fell to $X in 2021. Overall, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2015 when exports increased by 224%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X square meters) was the main destination for photographic paper exports from Colombia, accounting for a 82% share of total exports. Moreover, photographic paper exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X square meters), tenfold. The third position in this ranking was held by Panama (X square meters), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+14.0% per year) and Panama (-22.9% per year).

In value terms, Ecuador ($X), Chile ($X) and Venezuela ($X) were the largest markets for photographic paper exported from Colombia worldwide, together comprising 96% of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +15.7%, recorded the highest growth rate of 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

The average photographic paper export price stood at $X per square meter in 2021, reducing by -4.1% against the previous year. In general, the export price saw a mild reduction. The pace of growth was the most pronounced in 2015 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the average 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 Chile ($X per square meter), while the average price for exports to Venezuela ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into Colombia

In 2021, overseas purchases of photographic paper, paperboard and textiles were finally on the rise to reach X square meters for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a abrupt shrinkage. Imports peaked at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, photographic paper imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X square meters) constituted the largest photographic paper supplier to Colombia, with a 74% share of total imports. Moreover, photographic paper imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X square meters), sixfold. China (X square meters) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.6% per year) and China (-16.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of photographic paper, paperboard and textiles to Colombia, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.5% per year) and Germany (+1.7% per year).

Import Prices by Country

In 2021, the average photographic paper import price amounted to $X per square meter, with a decrease of -20.9% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of 70% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2021, the average import prices remained at a somewhat 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 Japan ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :