Latin America and the Caribbean: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Latin America and the Caribbean

In 2021, the Latin American finishing paper machinery market increased by 42% to $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Finishing Paper Machinery Production in Latin America and the Caribbean

In value terms, finishing paper machinery production dropped significantly to $X in 2021 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 868% against the previous year. As a result, production attained the peak level of $X, and then declined dramatically in the following year.

Finishing Paper Machinery Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of machinery for finishing paper or paperboard decreased by -28.6% to X units, falling for the third year in a row after three years of growth. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 98%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, finishing paper machinery exports contracted notably to $X in 2021. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 66%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, reaching X units, which was near 94% of total exports in 2021. Colombia (X units) took a relatively small share of total exports.

Exports from Brazil decreased at an average annual rate of -5.8% from 2012 to 2021. At the same time, Colombia (+34.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +34.1% from 2012-2021. While the share of Brazil (+11 p.p.) and Colombia (+4.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest finishing paper machinery supplier in Latin America and the Caribbean, comprising 98% of total exports. The second position in the ranking was taken by Colombia ($X), with a 1.2% share of total exports.

In Brazil, finishing paper machinery exports plunged by an average annual rate of -5.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, waning by -5.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 137% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, 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 Brazil ($X per unit), while Colombia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+10.1%).

Finishing Paper Machinery Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of machinery for finishing paper or paperboard increased by 122% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, finishing paper machinery imports soared to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, recording X units, which was near 54% of total imports in 2021. Peru (X units) ranks second in terms of the total imports with a 6.3% share, followed by Chile (6.1%), Argentina (6.1%), Colombia (5.2%) and Ecuador (4.9%). Cuba (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of machinery for finishing paper or paperboard. At the same time, Peru (+40.3%), Cuba (+27.4%), Ecuador (+15.1%) and Argentina (+2.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +40.3% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Colombia (-10.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Peru, Cuba, Ecuador and Brazil increased by +6, +3.9, +3.5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported machinery for finishing paper or paperboard in Latin America and the Caribbean, comprising 46% of total imports. The second position in the ranking was taken by Peru ($X), with a 10% share of total imports. It was followed by Colombia, with a 9.3% share.

In Brazil, finishing paper machinery imports shrank by an average annual rate of -3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (+42.6% per year) and Colombia (-1.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, waning by -2.8% against the previous year. In general, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2014 when the import price increased by 18% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a 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 Colombia ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cuba (+19.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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