Mexico: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Mexico

The Mexican paperboard case material market dropped to $X in 2022, shrinking by -2.3% against the previous year. The market value 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 throughout the analyzed period. As a result, consumption attained 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 Mexico

In value terms, paperboard case material production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Paperboard Case Material Exports

Exports from Mexico

In 2022, the amount of paperboard case materials exported from Mexico skyrocketed to X tons, growing by 102% against 2021 figures. In general, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2020 when exports increased by 362%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, paperboard case material exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 336% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for paperboard case material exports from Mexico, accounting for a 93% share of total exports. Moreover, paperboard case material exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+18.9% per year) and Guatemala (-67.2% per year).

In value terms, the United States ($X) remains the key foreign market for paperboard case materials exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by Colombia ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+1.4% per year) and Guatemala (-69.0% per year).

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.4%), while the prices for the other major destinations experienced a decline.

Paperboard Case Material Imports

Imports into Mexico

In 2022, paperboard case material imports into Mexico fell slightly to X tons, dropping by -4.4% on the previous year. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, paperboard case material imports stood at $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +46.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main supplier of paperboard case material to Mexico, with a 96% share of total imports. It was followed by Brazil (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +4.9%.

In value terms, the United States ($X) constituted the largest supplier of paperboard case materials to Mexico, comprising 97% of total imports. The second position in the ranking was held by Brazil ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +7.8%.

Import Prices by Country

The average paperboard case material import price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).

Source: IndexBox Platform

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