Latin America and the Caribbean: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Latin America and the Caribbean

After three years of growth, the Latin American uncoated felt paper market decreased by -46.7% to $X in 2022. Over the period under review, consumption saw a perceptible reduction. The level of consumption peaked at $X in 2021, and then declined markedly in the following year.

Uncoated Felt Paper Production in Latin America and the Caribbean

In value terms, uncoated felt paper production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Uncoated Felt Paper Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of uncoated felt paper and paperboard decreased by -11.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 138%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, uncoated felt paper exports rose remarkably to $X in 2022. Over the period under review, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Panama (X tons), mixing up an 8% share of total exports. The Dominican Republic (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to uncoated felt paper exports from Argentina stood at +2.2%. At the same time, Panama (+37.3%) and the Dominican Republic (+4.7%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +37.3% from 2012-2022. Argentina (+14 p.p.) and Panama (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest uncoated felt paper supplying countries in Latin America and the Caribbean were the Dominican Republic ($X), Argentina ($X) and Panama ($X), with a combined 98% share of total exports.

The Dominican Republic, with a CAGR of +31.4%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 20% against the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+25.5%), while the other leaders experienced a decline in the export price figures.

Uncoated Felt Paper Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of uncoated felt paper and paperboard decreased by -63.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 248%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, uncoated felt paper imports fell rapidly to $X in 2022. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of 71%. The level of import peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Ecuador (X tons), Trinidad and Tobago (X tons) and the Dominican Republic (X tons) was the key importer of uncoated felt paper and paperboard in Latin America and the Caribbean, committing 53% of total import. It was distantly followed by Bahamas (X tons), Colombia (X tons) and Mexico (X tons), together making up a 19% share of total imports. The following importers - Venezuela (X tons), Belize (X tons), Saint Maarten (Dutch part) (X tons), Bolivia (X tons), Peru (X tons), Brazil (X tons) and Panama (X tons) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +58.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated felt paper importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Ecuador ($X) and Mexico ($X), with a combined 49% share of total imports. Trinidad and Tobago, Venezuela, Panama, Peru, Bahamas, Belize, Colombia, Bolivia, Saint Maarten (Dutch part) and Brazil lagged somewhat behind, together comprising a further 40%.

In terms of the main importing countries, Venezuela, with a CAGR of +68.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by 55% against the previous year. Over the period under review, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 101% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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 Panama ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belize (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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