Puerto Rico: Corrugated Paper Market 2024

Corrugated Paper Market Size in Puerto Rico

The Puerto Rican corrugated paper market declined remarkably to $X in 2021, with a decrease of -15.2% against the previous year. Overall, consumption saw a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Corrugated Paper Production in Puerto Rico

In value terms, corrugated paper production declined rapidly to $X in 2021 estimated in export price. In general, production showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Corrugated Paper Exports

Exports from Puerto Rico

In 2021, the amount of corrugated paper and paperboard exported from Puerto Rico stood at less than X kg, remaining constant against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, corrugated paper exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

The United States (X tons) and Germany (X tons) represented roughly 52% of total exports in 2021. France (X tons) took a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (5.1%) and Poland (4.6%). The following exporters - Denmark (X tons), Spain (X tons), China (X tons), Belgium (X tons), Russia (X tons), the UK (X tons), Austria (X tons) and Croatia (X tons) - together made up 17% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +10.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest corrugated paper supplying countries from Puerto Rico were the United States ($X), Germany ($X) and France ($X), together comprising 59% of total exports. China, the Czech Republic, Poland, the UK, Austria, Spain, Russia, Croatia, Belgium and Denmark lagged somewhat behind, together comprising a further 24%.

Russia, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other leaders experienced more modest paces of growth.

Corrugated Paper Imports

Imports into Puerto Rico

In 2021, the amount of corrugated paper and paperboard imported into Puerto Rico totaled less than X kg, remaining relatively unchanged against the previous year's figure. In general, imports saw a relatively flat trend pattern.

In value terms, corrugated paper imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Poland (X tons), Canada (X tons), Belgium (X tons), the Netherlands (X tons), China (X tons) and Austria (X tons) were the main importers of corrugated paper and paperboard, together generating 59% of total imports. Hungary (X tons), Slovakia (X tons), Germany (X tons), the Czech Republic (X tons), France (X tons) and Denmark (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, China (+56.0%), Poland (+23.3%), Canada (+12.7%), Hungary (+9.5%), Austria (+7.7%), Slovakia (+5.8%), Germany (+4.1%), France (+3.1%), the Netherlands (+3.0%), Belgium (+2.2%) and Denmark (+1.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +56.0% from 2012-2021. By contrast, the Czech Republic (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, China and Canada increased by +6.9, +5 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Canada ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 37% of total imports. The Netherlands, Belgium, Austria, Germany, the Czech Republic, Slovakia, France, Hungary, Denmark and China lagged somewhat behind, together comprising a further 38%.

China, with a CAGR of +34.5%, recorded the highest growth rate of 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 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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