Latin America and the Caribbean: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Latin America and the Caribbean

The Latin American market for wood boxes, crates and cable drums was estimated at $X in 2022, flattening at the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Production of Wood Boxes, Crates and Cable Drums in Latin America and the Caribbean

In value terms, wood box and cable drum production stood at $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Wood Boxes, Crates and Cable Drums

Exports in Latin America and the Caribbean

In 2022, approx. X units of wood boxes, crates and cable drums were exported in Latin America and the Caribbean; growing by X% compared with the previous year. Over the period under review, exports enjoyed a measured expansion. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wood box and cable drum exports soared to $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Chile prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units) and Mexico (X units), together creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood box and cable drum exports from Chile stood at X%. At the same time, Mexico (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood box and cable drum supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), with a combined X% share of total exports.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports in Latin America and the Caribbean

In 2022, after four years of decline, there was significant growth in purchases abroad of wood boxes, crates and cable drums, when their volume increased by X% to X units. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wood box and cable drum imports skyrocketed to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value 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 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Dominican Republic (X units) and Mexico (X units) represented roughly X% of total imports in 2022. Chile (X units) took the next position in the ranking, followed by Nicaragua (X units), Uruguay (X units), Costa Rica (X units) and Brazil (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported wood boxes, crates and cable drums in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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