Mexico: Composite Paperboard Market 2024

Composite Paperboard Market Size in Mexico

In 2021, the Mexican composite paperboard market increased by 21% to $X, rising for the fifth consecutive year after two years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Composite Paperboard Exports

Exports from Mexico

Composite paperboard exports from Mexico contracted significantly to X tons in 2021, waning by -81.4% on 2020. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 792%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, composite paperboard exports dropped dramatically to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 433% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for composite paperboard exports from Mexico, accounting for a 82% share of total exports. Moreover, composite paperboard exports to Bolivia exceeded the volume sent to the second major destination, the Dominican Republic (X tons), tenfold. The United States (X kg) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-10.7% per year) and the United States (-34.5% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for composite paper and paperboard exports from Mexico, comprising 59% of total exports. The second position in the ranking was held by the United States ($X), with a 4.6% share of total exports. It was followed by the Dominican Republic, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-34.9% per year) and the Dominican Republic (-35.9% per year).

Export Prices by Country

The average composite paperboard export price stood at $X per ton in 2021, which is down by -19.4% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.6%), while the prices for the other major destinations experienced a decline.

Composite Paperboard Imports

Imports into Mexico

In 2021, purchases abroad of composite paper and paperboard increased by 42% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports enjoyed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, composite paperboard imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of composite paperboard to Mexico, accounting for a 62% share of total imports. Moreover, composite paperboard imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.9% per year) and Germany (-12.3% per year).

In value terms, the United States ($X) constituted the largest supplier of composite paper and paperboard to Mexico, comprising 70% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 3.7% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.1% per year) and Germany (-10.0% per year).

Import Prices by Country

In 2021, the average composite paperboard import price amounted to $X per ton, waning by -23.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 64%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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