Latin America and the Caribbean: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Latin America and the Caribbean

After four years of growth, the Latin American paper sack and bag market decreased by -1.6% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by 6.9% against the previous year. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Paper Sacks And Bags in Latin America and the Caribbean

In value terms, paper sack and bag production contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 8% against the previous year. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Paper Sacks And Bags

Exports in Latin America and the Caribbean

In 2021, paper sack and bag exports in Latin America and the Caribbean skyrocketed to X tons, growing by 24% against 2020 figures. The total export volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the main exporting country with an export of about X tons, which resulted at 45% of total exports. Mexico (X tons) ranks second in terms of the total exports with a 28% share, followed by Colombia (6.3%) and Chile (5.9%). Guatemala (X tons), Peru (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 76% of total exports. Colombia, Guatemala, Costa Rica and Peru lagged somewhat behind, together accounting for a further 16%.

Colombia, with a CAGR of +10.1%, saw the highest rates of growth with regard to 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, shrinking by -5.1% against the previous year. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in 2018 an increase of 5.7%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.3%), while the other leaders experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports in Latin America and the Caribbean

In 2021, the amount of paper sacks and bags imported in Latin America and the Caribbean skyrocketed to X tons, with an increase of 15% against the year before. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), Bolivia (X tons) and Chile (X tons) was the main importer of paper sacks and bags in Latin America and the Caribbean, mixing up 45% of total import. Argentina (X tons) took a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Peru (5.4%). The following importers - Uruguay (X tons), Colombia (X tons), Guatemala (X tons), Honduras (X tons), the Dominican Republic (X tons), Panama (X tons), Jamaica (X tons) and Costa Rica (X tons) - together made up 30% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Argentina ($X), with a combined 40% share of total imports. Peru, Guatemala, Bolivia, Uruguay, Colombia, Costa Rica, Panama, the Dominican Republic, Honduras and Jamaica lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Guatemala, with a CAGR of +13.2%, recorded 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 9% against the previous year. Overall, the import price, however, recorded a perceptible contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Costa Rica ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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