Colombia: Wrapping Papers Market Overview 2021

Wrapping Papers Market Size in Colombia

The Colombian wrapping papers market contracted markedly to $X in 2020, which is down by -X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Wrapping Papers Production in Colombia

In value terms, wrapping papers production declined to $X in 2020 estimated in export prices. In general, production recorded a mild decrease. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Wrapping Papers Exports

Exports from Colombia

In 2020, the amount of wrapping paper, packaging paper and paperboard exported from Colombia soared to X tonnes, surging by X% on 2019. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, wrapping papers exports expanded notably to $X in 2020. In general, exports enjoyed pronounced growth. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Ecuador (X tonnes) 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 tonnes), threefold. The third position in this ranking was occupied by Costa Rica (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Ecuador amounted to +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 ($X) remains the key foreign market for wrapping papers exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Ecuador stood at +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 tonne in 2020, falling by -X% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, the countries with the highest prices were Venezuela ($X per tonne) and South Korea ($X per tonne), while the average price for exports to Chile ($X per tonne) and Costa Rica ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced mixed trend patterns.

Wrapping Papers Imports

Imports into Colombia

In 2020, approx. X tonnes of wrapping paper, packaging paper and paperboard were imported into Colombia; which is down by -X% on the previous year's figure. Over the period under review, total imports indicated a slight increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, wrapping papers imports fell rapidly to $X in 2020. In general, total imports indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Finland (X tonnes) constituted the largest supplier of wrapping papers to Colombia, with a X% share of total imports. Moreover, wrapping papers imports from Finland exceeded the figures recorded by the second-largest supplier, China (X tonnes), fivefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Finland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Finland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average wrapping papers import price amounted to $X per tonne, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wrapping paper, packaging paper and paperboard in the world?

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China (7.7M tonnes) constituted the country with the largest volume of wrapping papers consumption, comprising approx. 38% of total volume. Moreover, wrapping papers consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2M tonnes), fourfold. Italy (721K tonnes) ranked third in terms of total consumption with a 3.6% share.

What are the largest producers of wrapping paper, packaging paper and paperboard in the world?

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China (7.1M tonnes) constituted the country with the largest volume of wrapping papers production, accounting for 36% of total volume. Moreover, wrapping papers production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.5M tonnes), threefold. The third position in this ranking was occupied by Sweden (968K tonnes), with a 5% share.

What are the leading suppliers of wrapping paper, packaging paper and paperboard to Colombia?

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In value terms, Finland ($14M) constituted the largest supplier of wrapping papers to Colombia, comprising 49% of total imports. The second position in the ranking was occupied by China ($3.4M), with a 12% share of total imports. It was followed by France, with a 11% share.

What are the leading importers of wrapping paper, packaging paper and paperboard from Colombia?

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In value terms, Ecuador ($9.9M) remains the key foreign market for wrapping papers exports from Colombia, comprising 58% of total exports. The second position in the ranking was occupied by the Dominican Republic ($2.9M), with a 17% share of total exports. It was followed by Costa Rica, with a 9.2% share.

What is the average export price for wrapping paper, packaging paper and paperboard in Colombia?

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The average wrapping papers export price stood at $873 per tonne in 2020, shrinking by -5.6% against the previous year.

What is the average import price for wrapping paper, packaging paper and paperboard in Colombia?

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In 2020, the average wrapping papers import price amounted to $1,513 per tonne, growing by 6.2% against the previous year.