MERCOSUR: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in MERCOSUR

The MERCOSUR paperboard case material market contracted modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Paperboard Case Material Production in MERCOSUR

In value terms, paperboard case material production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 18%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Paperboard Case Material Exports

Exports in MERCOSUR

In 2022, shipments abroad of paperboard case materials increased by 56% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +77.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paperboard case material exports surged to $X in 2022. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near 79% of total exports in 2022. Peru (X tons), Chile (X tons), Ecuador (X tons), Colombia (X tons), Paraguay (X tons) and Argentina (X tons) held a minor share of total exports.

Brazil was also the fastest-growing in terms of the paperboard case materials exports, with a CAGR of +10.7% from 2012 to 2022. At the same time, Colombia (+6.7%) and Paraguay (+3.6%) displayed positive paces of growth. By contrast, Argentina (-1.9%), Ecuador (-2.6%), Peru (-3.8%) and Chile (-4.8%) illustrated a downward trend over the same period. While the share of Brazil (+26 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-2.9 p.p.), Ecuador (-4.8 p.p.), Peru (-7.7 p.p.) and Chile (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest paperboard case material supplier in MERCOSUR, comprising 82% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.7% share of total exports. It was followed by Paraguay, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled +15.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-3.4% per year) and Paraguay (+8.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2021 when the export price increased by 27%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Paraguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.7%), while the other leaders experienced more modest paces of growth.

Paperboard Case Material Imports

Imports in MERCOSUR

In 2022, supplies from abroad of paperboard case materials increased by 6.5% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +49.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, paperboard case material imports soared to $X in 2022. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Chile (X tons) represented the largest importer of paperboard case materials, committing 34% of total imports. It was distantly followed by Argentina (X tons), Ecuador (X tons), Colombia (X tons) and Peru (X tons), together constituting a 58% share of total imports. The following importers - Brazil (X tons) and Paraguay (X tons) - together made up 6.3% of total imports.

From 2012 to 2022, average annual rates of growth with regard to paperboard case material imports into Chile stood at +8.9%. At the same time, Ecuador (+20.6%), Peru (+12.0%), Paraguay (+10.9%), Colombia (+7.1%) and Brazil (+4.5%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +20.6% from 2012-2022. Argentina experienced a relatively flat trend pattern. While the share of Ecuador (+11 p.p.), Chile (+4.5 p.p.) and Peru (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (-14.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported paperboard case materials in MERCOSUR, comprising 37% of total imports. The second position in the ranking was held by Argentina ($X), with an 18% share of total imports. It was followed by Ecuador, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at +13.5%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+3.9% per year) and Ecuador (+23.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform