Latin America and the Caribbean: Wood Barrel Market 2024

Wood Barrel Market Size in Latin America and the Caribbean

In 2022, the Latin American wood barrel market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Wood Barrel Production in Latin America and the Caribbean

In value terms, wood barrel production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports in Latin America and the Caribbean

In 2022, wood barrel exports in Latin America and the Caribbean expanded significantly to X units, growing by X% on the previous year's figure. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood barrel exports shrank to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile represented the main exporter of casks, barrels, vats, tubs, and coopers products of wood in Latin America and the Caribbean, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Mexico (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Barbados (X%), Nicaragua (X%) and Guyana (X%). Colombia (X units) and Costa Rica (X units) held a little share of total exports.

Exports from Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Costa Rica (X%), Barbados (X%), Guyana (X%), Mexico (X%), Colombia (X%) and Nicaragua (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Barbados (X p.p.), Nicaragua (X p.p.), Guyana (X p.p.), Mexico (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest wood barrel supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while Guyana ($X per unit) was amongst the lowest.

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

Wood Barrel Imports

Imports in Latin America and the Caribbean

In 2022, imports of casks, barrels, vats, tubs, and coopers products of wood in Latin America and the Caribbean surged to X units, increasing by X% against the previous year's figure. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, wood barrel imports surged to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico represented the major importing country with an import of about X units, which finished at X% of total imports. The Dominican Republic (X units) ranks second in terms of the total imports with a X% share, followed by Chile (X%) and Colombia (X%). Argentina (X units), Barbados (X units) and Cuba (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood barrel imports into Mexico stood at X%. At the same time, Colombia (X%), the Dominican Republic (X%), Cuba (X%), Barbados (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. Mexico (X p.p.), the Dominican Republic (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Barbados, Argentina and Chile saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Dominican Republic, Colombia, Barbados and Cuba lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, approximately mirroring the previous year. In general, the import price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Argentina ($X per unit), while Cuba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Barbados (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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