Latin America and the Caribbean: Office Metal Staple Market 2025

Office Metal Staple Market Size in Latin America and the Caribbean

The Latin American office metal staple market fell slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Office Metal Staple Production in Latin America and the Caribbean

In value terms, office metal staple production reduced modestly to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 56% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Office Metal Staple Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of base metal staples in strips for use in offices decreased by -6.9% to X tons in 2022. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, office metal staple exports reduced slightly to $X in 2022. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 25%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico was the largest exporting country with an export of around X tons, which recorded 46% of total exports. Colombia (X tons) ranks second in terms of the total exports with a 30% share, followed by Brazil (7.7%) and Panama (6.4%). Costa Rica (X tons) and Guatemala (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 76% of total exports. Panama, Costa Rica and Guatemala lagged somewhat behind, together comprising a further 18%.

Panama, with a CAGR of +8.5%, 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 5.6% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2017 an increase of 12%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Mexico ($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 (+1.1%), while the other leaders experienced more modest paces of growth.

Office Metal Staple Imports

Imports in Latin America and the Caribbean

In 2022, the amount of base metal staples in strips for use in offices imported in Latin America and the Caribbean shrank to X tons, waning by -10% against 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, office metal staple imports stood at $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico represented the main importing country with an import of around X tons, which accounted for 43% of total imports. Brazil (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Chile (9.4%) and Argentina (6.6%). Colombia (X tons), Guatemala (X tons), Ecuador (X tons), Peru (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to office metal staple imports into Mexico stood at -4.3%. At the same time, Argentina (+40.1%), Chile (+9.3%), Paraguay (+5.5%), Brazil (+5.2%), Peru (+3.8%), Colombia (+3.7%), Guatemala (+3.2%) and Ecuador (+3.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +40.1% from 2012-2022. From 2012 to 2022, the share of Brazil, Argentina and Chile increased by +7, +6.4 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported base metal staples in strips for use in offices in Latin America and the Caribbean, comprising 39% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Chile, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +1.9%. In the other countries, the average annual rates were as follows: Brazil (+6.4% per year) and Chile (+6.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Paraguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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