Latin America and the Caribbean: Filter Paper Market 2025

Filter Paper Market Size in Latin America and the Caribbean

The Latin American filter paper market expanded sharply to $X in 2021, increasing by 5.4% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Filter Paper Production in Latin America and the Caribbean

In value terms, filter paper production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 60%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Filter Paper Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of filter paper and paperboard cut to shape decreased by -23.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 207%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, filter paper exports rose significantly to $X in 2021. In general, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 155%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) represented the main exporter of filter paper and paperboard cut to shape, creating 53% of total exports. Brazil (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Chile (5.5%) and the Dominican Republic (5%). The following exporters - Argentina (X tons) and Guatemala (X tons) - each amounted to a 3.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +144.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest filter paper supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 86% share of total exports. These countries were followed by the Dominican Republic, Argentina and Guatemala, which together accounted for a further 10%.

The Dominican Republic, with a CAGR of +169.8%, recorded the highest growth rate of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 50% against the previous year. Over the period under review, the export price, however, recorded a slight curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+10.6%), while the other leaders experienced more modest paces of growth.

Filter Paper Imports

Imports in Latin America and the Caribbean

In 2021, imports of filter paper and paperboard cut to shape in Latin America and the Caribbean expanded markedly to X tons, with an increase of 12% on the year before. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, filter paper imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) represented the main importer of filter paper and paperboard cut to shape, achieving 33% of total imports. It was distantly followed by Brazil (X tons), Argentina (X tons), Chile (X tons), Colombia (X tons) and Peru (X tons), together creating a 50% share of total imports. Costa Rica (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Costa Rica (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported filter paper and paperboard cut to shape in Latin America and the Caribbean, comprising 41% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Argentina, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+5.7% per year) and Argentina (+0.8% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the 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 Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :