Colombia: Wrapping Papers Market 2024

Wrapping Papers Market Size in Colombia

In 2022, the Colombian wrapping papers market increased by X% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption, however, posted a noticeable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Wrapping Papers Production in Colombia

In value terms, wrapping papers production stood at $X in 2022 estimated in export price. Overall, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wrapping Papers Exports

Exports from Colombia

In 2022, wrapping papers exports from Colombia soared to X tons, growing by X% on 2021. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wrapping papers exports skyrocketed to $X in 2022. In general, exports, however, showed a noticeable shrinkage. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Costa Rica (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Peru ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wrapping Papers Imports

Imports into Colombia

For the fourth year in a row, Colombia recorded growth in supplies from abroad of wrapping paper, packaging paper and paperboard, which increased by X% to X tons in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wrapping papers imports skyrocketed to $X in 2022. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest wrapping papers supplier to Colombia, accounting for a X% share of total imports. Moreover, wrapping papers imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and France (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Finland (X% per year).

Import Prices by Country

The average wrapping papers import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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