Latin America and the Caribbean: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Latin America and the Caribbean

The Latin American market for boards, sheets, panels, tiles and similar articles of plaster faced with paper expanded rapidly to $X in 2021, increasing by 5.8% against the previous year. Over the period under review, consumption, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 9.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Latin America and the Caribbean

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports in Latin America and the Caribbean

In 2021, overseas shipments of boards, sheets, panels, tiles and similar articles of plaster faced with paper increased by 11% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper surged to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates paper structure, amounting to X square meters, which was near 82% of total exports in 2021. It was distantly followed by Colombia (X square meters) and Argentina (X square meters), together mixing up a 12% share of total exports. Honduras (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel and tile faced with paper exports from Mexico stood at +4.1%. At the same time, Honduras (+14.1%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +14.1% from 2012-2021. By contrast, Colombia (-7.7%) and Argentina (-13.3%) illustrated a downward trend over the same period. While the share of Mexico (+21 p.p.) and Honduras (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Colombia (-7.9 p.p.) and Argentina (-15.5 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest board, sheet, panel and tile faced with paper supplier in Latin America and the Caribbean, comprising 85% of total exports. The second position in the ranking was taken by Colombia ($X), with a 6.1% share of total exports. It was followed by Honduras, with a 4% share.

In Mexico, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper expanded at an average annual rate of +9.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-7.7% per year) and Honduras (+16.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per square meter, with an increase of 32% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per square meter), while Argentina ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports in Latin America and the Caribbean

In 2021, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper in Latin America and the Caribbean expanded sharply to X square meters, surging by 6.4% against 2020 figures. Overall, imports, however, recorded a noticeable decline. The volume of import peaked at X square meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper rose rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable slump. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper in 2021 were Colombia (X square meters), Costa Rica (X square meters) and Chile (X square meters), together resulting at 41% of total import. Guatemala (X square meters) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by the Dominican Republic (7.2%), El Salvador (5.8%), Uruguay (5.1%), Panama (5.1%) and Nicaragua (4.9%). Cuba (X square meters), Honduras (X square meters), Paraguay (X square meters) and Jamaica (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +137.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest board, sheet, panel and tile faced with paper importing markets in Latin America and the Caribbean were Costa Rica ($X), Colombia ($X) and the Dominican Republic ($X), together accounting for 37% of total imports. These countries were followed by Guatemala, Chile, El Salvador, Panama, Nicaragua, Uruguay, Cuba, Honduras, Paraguay and Jamaica, which together accounted for a further 46%.

Panama, with a CAGR of +128.0%, recorded the highest growth rate of the value of imports, among 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 square meter in 2021, with an increase of 3.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 6.4% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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