Latin America and the Caribbean: Box Pallet Market 2020

Box Pallet Market Size in Latin America and the Caribbean

The revenue of the box pallet market in Latin America and the Caribbean amounted to $X in 2017, shrinking by -X% against the previous year. The box pallet consumption continues to indicate a deep shrinkage. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. The level of box pallet consumption peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Box Pallet Production in Latin America and the Caribbean

The box pallet production stood at X units in 2017, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% year-to-year. Over the period under review, the box pallet production attained its peak figure volume in 2017, and is expected to retain its growth in the near future.

Box Pallet Exports in Latin America and the Caribbean

The exports stood at X units in 2017, coming down by -X% against the previous year. The total exports indicated a modest expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the box pallet exports increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. Over the period under review, the box pallet exports reached its peak figure volume of X units in 2016, and then declined slightly in the following year.

In value terms, box pallet exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the box pallet exports attained its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Box Pallet Exports by Country in Latin America and the Caribbean

Mexico was the largest exporting country with an export of around X units, which resulted at X% of total exports. Guatemala (X units) ranks second in terms of the global exports with a X% share, followed by Brazil (X%), Honduras (X%) and Chile (X%).

From 2007 to 2017, average annual rates of growth with regard to box pallet exports from Mexico stood at +X%. At the same time, Honduras (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Chile experienced a relatively flat trend pattern. By contrast, Guatemala (-X%) illustrated a downward trend over the same period. Guatemala (X%) significantly strengthened its position in terms of the global exports, while Brazil, Honduras and Mexico saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest box pallet supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Mexico, box pallet exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Guatemala (-X% per year).

Box Pallet Export Prices by Country in Latin America and the Caribbean

The box pallet export price in Latin America and the Caribbean stood at $X per thousand units in 2017, going down by -X% against the previous year. The box pallet export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. The level of export price peaked of $X per thousand units in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Brazil ($X per thousand units) and Chile ($X per thousand units), while Honduras ($X per thousand units) and Guatemala ($X per thousand units) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced a decline in the export price figures.

Box Pallet Imports in Latin America and the Caribbean

In 2017, imports of box pallets and load boards of wood (excluding flat pallets) in Latin America and the Caribbean totaled X units, growing by X% against the previous year. The total imports indicated a slight expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the box pallet imports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, box pallet imports amounted to $X in 2017. The box pallet imports continue to indicate a relatively flat trend pattern. Over the period under review, the box pallet imports reached its peak figure level of $X in 2016, and then declined slightly in the following year.

Box Pallet Imports by Country in Latin America and the Caribbean

Mexico represented the key importing country with an import of about X units, which accounted for X% of total imports. Honduras (X units) ranks second in terms of the global imports with a X% share, followed by El Salvador (X%), the Dominican Republic (X%) and Venezuela (X%). The following importers - Panama (X units) and Brazil (X units) each reached a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to box pallet imports into Mexico stood at -X%. At the same time, the Dominican Republic (+X%), Venezuela (+X%), El Salvador (+X%), Honduras (+X%), Brazil (+X%) and Panama (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico (X%) significantly strengthened its position in terms of the global imports, while Brazil, Venezuela, El Salvador, the Dominican Republic and Honduras saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported box pallets and load boards of wood (excluding flat pallets) in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Honduras ($X), with a X% share of global imports. It was followed by El Salvador, with a X% share.

In Mexico, box pallet imports plunged by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Honduras (+X% per year) and El Salvador (+X% per year).

Box Pallet Import Prices by Country in Latin America and the Caribbean

The box pallet import price in Latin America and the Caribbean stood at $X per thousand units in 2017, falling by -X% against the previous year. The box pallet import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when the import prices increased by X% against the previous year. In that year, the import prices for box pallets and load boards of wood (excluding flat pallets) reached their peak level of $X per unit. From 2010 to 2017, growth of the import prices for box pallets and load boards of wood (excluding flat pallets) stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Honduras ($X per thousand units), while Panama ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Honduras (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform