Latin America and the Caribbean: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Latin America and the Caribbean

The Latin American sack kraft paper market amounted to $X in 2022, rising by 14% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Sack Kraft Paper Production in Latin America and the Caribbean

In value terms, sack kraft paper production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Sack Kraft Paper Exports

Exports in Latin America and the Caribbean

In 2022, the amount of sack kraft paper exported in Latin America and the Caribbean fell modestly to X tons, reducing by -3.4% against the year before. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sack kraft paper exports soared to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) and Chile (X tons) dominates exports structure, together mixing up 85% of total exports. It was distantly followed by Colombia (X tons), comprising an 8.4% share of total exports. The following exporters - Mexico (X tons) and Argentina (X tons) - each resulted at a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 95% of total exports.

Among the main exporting countries, Chile, with a CAGR of +14.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 38% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.1%), while the other leaders experienced more modest paces of growth.

Sack Kraft Paper Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of sack kraft paper increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, sack kraft paper imports soared to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Mexico (X tons) was the main importer of sack kraft paper, achieving 43% of total imports. It was distantly followed by Peru (X tons), Guatemala (X tons), Argentina (X tons), the Dominican Republic (X tons) and Ecuador (X tons), together committing a 43% share of total imports. Chile (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of sack kraft paper. At the same time, the Dominican Republic (+12.3%), Chile (+7.3%), Argentina (+7.3%), Guatemala (+4.7%), Peru (+2.8%) and Ecuador (+1.2%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +12.3% from 2012-2022. While the share of the Dominican Republic (+4.1 p.p.), Argentina (+3.7 p.p.), Guatemala (+2.5 p.p.), Peru (+1.9 p.p.) and Chile (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported sack kraft paper in Latin America and the Caribbean, comprising 47% of total imports. The second position in the ranking was taken by Peru ($X), with a 10% share of total imports. It was followed by Guatemala, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+3.3% per year) and Guatemala (+7.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by 24% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform