Latin America and the Caribbean: Drawing Board Market 2024

Drawing Board Market Size in Latin America and the Caribbean

The Latin American drawing board market reduced slightly to $X in 2022, shrinking by -3.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Drawing Board Production in Latin America and the Caribbean

In value terms, drawing board production reached $X in 2022 estimated in export price. Over the period under review, production saw a perceptible reduction. The growth pace was the most rapid in 2017 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Drawing Board Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of slates and boards with writing or drawing surfaces increased by 22% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, drawing board exports surged to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Panama (X units), Brazil (X units) and Mexico (X units) represented the key exporter of slates and boards with writing or drawing surfaces in Latin America and the Caribbean, mixing up 84% of total export. It was distantly followed by Chile (X units), comprising a 4.8% share of total exports. The Dominican Republic (X units) and El Salvador (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Dominican Republic (with a CAGR of +24.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Panama ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 85% of total exports. The Dominican Republic, Chile and El Salvador lagged somewhat behind, together comprising a further 10%.

Among the main exporting countries, the Dominican Republic, with a CAGR of +30.6%, 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, jumping by 22% against the previous year. In general, the export price, however, showed a noticeable descent. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+5.7%), while the other leaders experienced more modest paces of growth.

Drawing Board Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of slates and boards with writing or drawing surfaces were imported in Latin America and the Caribbean; surging by 5.3% compared with the year before. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, drawing board imports declined to $X in 2022. The total import value increased at an average annual rate of +2.7% 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 2021 when imports increased by 34%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Nicaragua was the largest importer of slates and boards with writing or drawing surfaces in Latin America and the Caribbean, with the volume of imports reaching X units, which was near 31% of total imports in 2022. Mexico (X units) ranks second in terms of the total imports with a 15% share, followed by Chile (13%) and Brazil (9%). The Dominican Republic (X units), Peru (X units), Argentina (X units), Bolivia (X units), Colombia (X units), Panama (X units) and Costa Rica (X units) held a relatively small share of total imports.

Nicaragua was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces imports, with a CAGR of +35.2% from 2012 to 2022. At the same time, Bolivia (+13.5%), Chile (+9.1%), Peru (+4.8%), Colombia (+3.9%), Costa Rica (+3.2%) and Panama (+2.8%) displayed positive paces of growth. By contrast, Brazil (-2.0%), the Dominican Republic (-2.9%), Mexico (-3.1%) and Argentina (-8.5%) illustrated a downward trend over the same period. Nicaragua (+29 p.p.), Chile (+5.5 p.p.) and Bolivia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Dominican Republic, Brazil, Argentina and Mexico saw its share reduced by -2.7%, -6.2%, -6.7% and -13% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest drawing board importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and the Dominican Republic ($X), with a combined 47% share of total imports. Brazil, Nicaragua, Peru, Panama, Argentina, Costa Rica, Colombia and Bolivia lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Nicaragua, with a CAGR of +27.6%, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by -11.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 12%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Nicaragua ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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