Latin America and the Caribbean: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2025

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Latin America and the Caribbean

The Latin American market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders rose remarkably to $X in 2021, picking up by 6.2% against the previous year. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Latin America and the Caribbean

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders expanded markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 49%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports in Latin America and the Caribbean

Exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to X tons in 2021, with an increase of 68% against the year before. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 24%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, Mexico (X tons) represented the largest exporter of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, generating 76% of total exports. It was distantly followed by El Salvador (X tons), making up a 15% share of total exports. Peru (X tons), Chile (X tons) and Colombia (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from Mexico stood at +1.3%. At the same time, Peru (+90.4%), Chile (+57.2%) and Colombia (+10.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +90.4% from 2012-2021. By contrast, El Salvador (-2.0%) illustrated a downward trend over the same period. While the share of Mexico (+4.3 p.p.), Peru (+2.9 p.p.) and Chile (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of El Salvador (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplier in Latin America and the Caribbean, comprising 58% of total exports. The second position in the ranking was held by El Salvador ($X), with a 13% share of total exports. It was followed by Chile, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: El Salvador (-2.4% per year) and Chile (+56.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -27.4% against the previous year. In general, the export price, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 71% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports in Latin America and the Caribbean

In 2021, approx. X tons of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were imported in Latin America and the Caribbean; increasing by 21% compared with the year before. Over the period under review, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by 59% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to $X in 2021. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 56% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons), distantly followed by the Dominican Republic (X tons), Guatemala (X tons), Ecuador (X tons), Costa Rica (X tons), Jamaica (X tons) and Barbados (X tons) were the key importers of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, together committing 69% of total imports. The following importers - Suriname (X tons), Nicaragua (X tons), Mexico (X tons), Cuba (X tons), Panama (X tons) and Trinidad and Tobago (X tons) - together made up 16% of total imports.

Chile was also the fastest-growing in terms of the boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders imports, with a CAGR of +38.2% from 2012 to 2021. At the same time, Ecuador (+21.1%), Barbados (+10.5%), Panama (+8.5%), Suriname (+8.2%), Costa Rica (+8.1%) and Jamaica (+7.6%) displayed positive paces of growth. Guatemala experienced a relatively flat trend pattern. By contrast, the Dominican Republic (-2.7%), Nicaragua (-4.4%), Cuba (-5.5%), Trinidad and Tobago (-5.9%) and Mexico (-9.8%) illustrated a downward trend over the same period. While the share of Chile (+24 p.p.), Ecuador (+6.9 p.p.), Costa Rica (+6 p.p.), the Dominican Republic (+5.2 p.p.), Guatemala (+5 p.p.), Barbados (+4.7 p.p.), Jamaica (+4.4 p.p.), Suriname (+2.7 p.p.) and Panama (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Dominican Republic ($X), Chile ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 40% of total imports.

Ecuador, with a CAGR of +34.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2021, increasing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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