Latin America and the Caribbean: Linoleum Market 2024

Linoleum Market Size in Latin America and the Caribbean

In 2021, the Latin American linoleum market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Linoleum Production in Latin America and the Caribbean

In value terms, linoleum production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Linoleum Exports

Exports in Latin America and the Caribbean

In 2021, exports of linoleum in Latin America and the Caribbean reduced remarkably to X square meters, with a decrease of -24.5% against 2020. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 91%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, linoleum exports contracted significantly to $X in 2021. Over the period under review, exports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

In 2021, Peru (X square meters) was the largest exporter of linoleum, constituting 66% of total exports. It was distantly followed by Chile (X square meters), generating a 21% share of total exports. The following exporters - Panama (X square meters), Mexico (X square meters) and Brazil (X square meters) - each accounted for a 10% share of total exports.

Peru was also the fastest-growing in terms of the linoleum exports, with a CAGR of +67.2% from 2012 to 2021. Chile experienced a relatively flat trend pattern. Mexico (-3.1%), Panama (-8.7%) and Brazil (-31.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Peru and Chile increased by +66 and +6.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest linoleum supplying countries in Latin America and the Caribbean were Chile ($X), Peru ($X) and Mexico ($X), with a combined 76% share of total exports.

Peru, with a CAGR of +55.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per square meter, increasing by 3.7% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 103% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 ($X per square meter), while Peru ($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 Brazil (+26.6%), while the other leaders experienced more modest paces of growth.

Linoleum Imports

Imports in Latin America and the Caribbean

In 2021, the amount of linoleum imported in Latin America and the Caribbean soared to X square meters, rising by 44% compared with the year before. Overall, imports, however, recorded a abrupt slump. Over the period under review, imports attained the maximum at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, linoleum imports surged to $X in 2021. In general, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 29%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of linoleum, namely the Dominican Republic, Chile, Brazil and Colombia, represented more than half of total import. Guatemala (X square meters) ranks next in terms of the total imports with a 6.2% share, followed by Suriname (5.4%) and Jamaica (4.5%). Mexico (X square meters), Bolivia (X square meters), Venezuela (X square meters) and Belize (X square meters) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Suriname (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linoleum importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Brazil ($X) and Chile ($X), together comprising 51% of total imports. Mexico, Colombia, Suriname, Jamaica, Guatemala, Belize, Venezuela and Bolivia lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Suriname, with a CAGR of +46.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per square meter, dropping by -11.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 when the import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per square meter, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per square meter), while Bolivia ($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 (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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