Latin America and the Caribbean: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Latin America and the Caribbean

The Latin American cellulose fibrecement sheet market shrank to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Latin America and the Caribbean

In value terms, cellulose fibrecement sheet production dropped to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports in Latin America and the Caribbean

In 2022, exports of sheets, panels and tiles of cellulose fibrecement in Latin America and the Caribbean shrank to X tons, with a decrease of -5.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cellulose fibrecement sheet exports declined to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, El Salvador (X tons) and Colombia (X tons) represented the largest exporters of sheets, panels and tiles of cellulose fibrecement in Latin America and the Caribbean, together achieving 62% of total exports. Costa Rica (X tons) held the next position in the ranking, followed by Brazil (X tons) and Honduras (X tons). All these countries together took approx. 33% share of total exports. The following exporters - Chile (X tons) and Ecuador (X tons) - each accounted for a 3.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +24.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cellulose fibrecement sheet supplying countries in Latin America and the Caribbean were El Salvador ($X), Colombia ($X) and Costa Rica ($X), together comprising 82% of total exports. Brazil, Honduras, Chile and Ecuador lagged somewhat behind, together accounting for a further 15%.

In terms of the main exporting countries, Ecuador, with a CAGR of +30.9%, recorded 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 2.5% against the previous year. In general, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, 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 Costa Rica ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+5.0%), while the other leaders experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports in Latin America and the Caribbean

In 2022, imports of sheets, panels and tiles of cellulose fibrecement in Latin America and the Caribbean declined to X tons, reducing by -5.4% against 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, cellulose fibrecement sheet imports reduced modestly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the three major importers of sheets, panels and tiles of cellulose fibrecement, namely Ecuador, Panama and El Salvador, represented more than third of total import. Paraguay (X tons) ranks next in terms of the total imports with a 5.6% share, followed by Nicaragua (4.7%) and Peru (4.6%). Belize (X tons), Chile (X tons), Argentina (X tons), Bolivia (X tons), Uruguay (X tons), Honduras (X tons) and Jamaica (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cellulose fibrecement sheet importing markets in Latin America and the Caribbean were Panama ($X), El Salvador ($X) and Ecuador ($X), with a combined 47% share of total imports.

El Salvador, with a CAGR of +38.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 7.9% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, 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 Chile ($X per ton), while Belize ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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