Latin America and the Caribbean: Folding Boxboard Market 2024

Folding Boxboard Market Size in Latin America and the Caribbean

In 2022, the Latin American folding boxboard market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Folding Boxboard Production in Latin America and the Caribbean

In value terms, folding boxboard production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Folding Boxboard Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of folding boxboard decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, folding boxboard exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile represented the major exporter of folding boxboard in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and Paraguay (X%). Argentina (X tons), Guatemala (X tons) and Panama (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to folding boxboard exports from Chile stood at X%. At the same time, Panama (X%), Paraguay (X%), Guatemala (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. Paraguay (X p.p.), Chile (X p.p.), Mexico (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Argentina, Paraguay, Guatemala and Panama lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a mild decline. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Argentina ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Folding Boxboard Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of folding boxboard increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Peru (X%), Costa Rica (X%), Chile (X%) and Argentina (X%). Ecuador (X tons), the Dominican Republic (X tons), Guatemala (X tons), El Salvador (X tons), Honduras (X tons) and Paraguay (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of folding boxboard. At the same time, the Dominican Republic (X%), Chile (X%), Guatemala (X%), Paraguay (X%), Peru (X%), Brazil (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. El Salvador, Argentina and Colombia experienced a relatively flat trend pattern. By contrast, Ecuador (X%) and Honduras (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), the Dominican Republic (X p.p.), Guatemala (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Honduras (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported folding boxboard in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, 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 importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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