Chile: Hardboard Market 2024

Hardboard Market Size in Chile

In 2022, after four years of growth, there was significant decline in the Chilean hardboard market, when its value decreased by -48.9% to $X. Overall, consumption recorded a perceptible decrease. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Hardboard Production in Chile

In value terms, hardboard production reached $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3.8% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hardboard Exports

Exports from Chile

In 2022, after three years of decline, there was significant growth in overseas shipments of hardboard, when their volume increased by 33% to X cubic meters. Over the period under review, exports, however, showed a pronounced setback. Over the period under review, the exports reached the maximum at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hardboard exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a noticeable decrease. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X cubic meters) was the main destination for hardboard exports from Chile, with a 65% share of total exports. Moreover, hardboard exports to Mexico exceeded the volume sent to the second major destination, Guatemala (X cubic meters), fivefold. The third position in this ranking was taken by the United States (X cubic meters), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+0.2% per year) and the United States (-14.0% per year).

In value terms, Mexico ($X) remains the key foreign market for hardboard exports from Chile, comprising 62% of total exports. The second position in the ranking was held by Guatemala ($X), with a 14% share of total exports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+1.5% per year) and the United States (-14.8% per year).

Export Prices by Country

In 2022, the average hardboard export price amounted to $X per cubic meter, growing by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per cubic meter) and Colombia ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) and Canada ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hardboard Imports

Imports into Chile

In 2022, supplies from abroad of hardboard decreased by -39.6% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 110% against the previous year. As a result, imports reached the peak of X cubic meters, and then shrank sharply in the following year.

In value terms, hardboard imports shrank significantly to $X in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 164%. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest hardboard supplier to Chile, accounting for a 65% share of total imports. Moreover, hardboard imports from Germany exceeded the figures recorded by the second-largest supplier, Bolivia (X cubic meters), ninefold. The third position in this ranking was taken by China (X cubic meters), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+13.5% per year) and China (+4.2% per year).

In value terms, Germany ($X) constituted the largest supplier of hardboard to Chile, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 9.3% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Turkey (+187.7% per year).

Import Prices by Country

The average hardboard import price stood at $X per cubic meter in 2022, rising by 1.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Bolivia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+39.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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