Colombia: Wrapping Papers Market 2024

Wrapping Papers Market Size in Colombia

The Colombian wrapping papers market skyrocketed to $X in 2021, rising by 34% against the previous year. Overall, consumption, however, saw a noticeable reduction. Wrapping papers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wrapping Papers Production in Colombia

In value terms, wrapping papers production stood at $X in 2021 estimated in export price. In general, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Wrapping papers production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wrapping Papers Exports

Exports from Colombia

In 2021, the amount of wrapping paper, packaging paper and paperboard exported from Colombia shrank sharply to X tons, which is down by -21% on the year before. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wrapping papers exports declined remarkably to $X in 2021. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 56%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for wrapping papers exports from Colombia, with a 58% share of total exports. Moreover, wrapping papers exports to Ecuador exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fivefold. The third position in this ranking was taken by Costa Rica (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+68.8% per year) and Costa Rica (-15.5% per year).

In value terms, Ecuador ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from Colombia, comprising 57% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with an 11% share of total exports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+59.7% per year) and the United States (+7.0% per year).

Export Prices by Country

In 2021, the average wrapping papers export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 8.7% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Peru ($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 the United States (-1.8%), while the prices for the other major destinations experienced a decline.

Wrapping Papers Imports

Imports into Colombia

In 2021, imports of wrapping paper, packaging paper and paperboard into Colombia surged to X tons, growing by 34% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, wrapping papers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 wrapping papers supplier to Colombia, accounting for a 43% share of total imports. Moreover, wrapping papers imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-8.1% per year) and France (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of wrapping paper, packaging paper and paperboard to Colombia, comprising 45% of total imports. The second position in the ranking was held by Finland ($X), with an 11% share of total imports. It was followed by France, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-9.7% per year) and France (+9.2% per year).

Import Prices by Country

In 2021, the average wrapping papers import price amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.1%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Russia ($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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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