Latin America and the Caribbean: Fibreboard Market 2024

Fibreboard Market Size in Latin America and the Caribbean

The Latin American fibreboard market expanded remarkably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Fibreboard Production in Latin America and the Caribbean

In value terms, fibreboard production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then fell in the following year.

Fibreboard Exports

Exports in Latin America and the Caribbean

After four years of growth, shipments abroad of fibreboard decreased by X% to X cubic meters in 2023. Overall, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X cubic meters in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, fibreboard exports contracted significantly to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

In 2023, Brazil (X cubic meters) represented the major exporter of fibreboard, comprising X% of total exports. Chile (X cubic meters) took the second position in the ranking, distantly followed by Mexico (X cubic meters). All these countries together held near X% share of total exports. The following exporters - Argentina (X cubic meters), Ecuador (X cubic meters) and Bolivia (X cubic meters) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Mexico, Ecuador and Bolivia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 cubic meter in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while Brazil ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, 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.

Fibreboard Imports

Imports in Latin America and the Caribbean

In 2023, the amount of fibreboard imported in Latin America and the Caribbean fell to X cubic meters, waning by X% against 2022 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, fibreboard imports shrank notably to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mexico was the key importing country with an import of about X cubic meters, which resulted at X% of total imports. Colombia (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Chile (X%) and Peru (X%). The Dominican Republic (X cubic meters), Ecuador (X cubic meters), Guatemala (X cubic meters), Uruguay (X cubic meters), Paraguay (X cubic meters), Costa Rica (X cubic meters) and Honduras (X cubic meters) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, the Dominican Republic (X%), Paraguay (X%), Chile (X%), Guatemala (X%), Costa Rica (X%) and Uruguay (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 2012-2023. Honduras and Peru experienced a relatively flat trend pattern. By contrast, Colombia (X%) and Ecuador (X%) illustrated a downward trend over the same period. Mexico (X p.p.), the Dominican Republic (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador and Colombia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per cubic meter in 2023, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per cubic meter in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while Honduras ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform