Colombia: Paper Bag Market 2024

Paper Bag Market Size in Colombia

The Colombian paper bag market declined to $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Paper Bag Production in Colombia

In value terms, paper bag production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Paper Bag Exports

Exports from Colombia

In 2021, the amount of sacks and bags of paper exported from Colombia soared to X tons, rising by 56% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 83%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, paper bag exports surged to $X in 2021. In general, exports, however, saw a noticeable descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for paper bag exports from Colombia, with a 55% share of total exports. Moreover, paper bag exports to the United States exceeded the volume sent to the second major destination, Venezuela (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-14.4% per year) and Canada (+150.1% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags of paper exports from Colombia, comprising 48% of total exports. The second position in the ranking was held by Venezuela ($X), with a 9.7% share of total exports. It was followed by Mexico, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-20.7% per year) and Mexico (+18.6% per year).

Export Prices by Country

In 2021, the average paper bag export price amounted to $X per ton, surging by 2% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Free Zones ($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 Peru (+4.1%), while the prices for the other major destinations experienced a decline.

Paper Bag Imports

Imports into Colombia

In 2021, supplies from abroad of sacks and bags of paper was finally on the rise to reach X tons after two years of decline. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. 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.

In value terms, paper bag imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Free Zones (X tons), Brazil (X tons) and Mexico (X tons) were the main suppliers of paper bag imports to Colombia, with a combined 48% share of total imports. China, Peru, the United States, Ecuador, Chile, Spain, Honduras and Italy lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +158.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper bag suppliers to Colombia were Mexico ($X), China ($X) and Brazil ($X), with a combined 49% share of total imports. Peru, the United States, Free Zones, Spain, Ecuador, Chile, Italy and Honduras lagged somewhat behind, together comprising a further 46%.

Among the main suppliers, Honduras, with a CAGR of +134.2%, recorded the highest growth rate of 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

In 2021, the average paper bag import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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