Latin America and the Caribbean: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in Latin America and the Caribbean

The Latin American non-corrugated paper box market was estimated at $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Non-Corrugated Paper Box Production in Latin America and the Caribbean

In value terms, non-corrugated paper box production expanded slightly 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 remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Non-Corrugated Paper Box Exports

Exports in Latin America and the Caribbean

After four years of growth, overseas shipments of folding cartons, boxes and cases of non-corrugated paper or paperboard decreased by X% to X tons in 2023. Total exports indicated a measured expansion from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped in the following year.

In value terms, non-corrugated paper box exports declined to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Mexico represented the largest exporting country with an export of about X tons, which reached X% of total exports. Guatemala (X tons) ranks second in terms of the total exports with a X% share, followed by the Dominican Republic (X%), El Salvador (X%), Costa Rica (X%) and Brazil (X%). Colombia (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to non-corrugated paper box exports from Mexico stood at X%. At the same time, the Dominican Republic (X%), Brazil (X%), Costa Rica (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) and El Salvador (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia and El Salvador 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 ($X) remains the largest non-corrugated paper box supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with an X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: El Salvador (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell modestly 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 Colombia ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in overseas purchases of folding cartons, boxes and cases of non-corrugated paper or paperboard, when their volume decreased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted in the following year.

In value terms, non-corrugated paper box imports reduced to $X in 2023. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Mexico was the key importing country with an import of about X tons, which resulted at X% of total imports. Chile (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Honduras (X%) and Argentina (X%). Panama (X tons), Jamaica (X tons), Guatemala (X tons), Costa Rica (X tons), Ecuador (X tons), Brazil (X tons), Peru (X tons), Colombia (X tons) and Haiti (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to non-corrugated paper box imports into Mexico stood at X%. At the same time, Panama (X%), Argentina (X%), Ecuador (X%), Chile (X%), Colombia (X%), Haiti (X%), Jamaica (X%), Peru (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Honduras experienced a relatively flat trend pattern. By contrast, Costa Rica (X%) and Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), Argentina (X p.p.), Panama (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico 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 ($X) constitutes the largest market for imported folding cartons, boxes and cases of non-corrugated paper or paperboard in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, non-corrugated paper box imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Haiti ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform