Latin America and the Caribbean: Envelope Market 2024

Envelope Market Size in Latin America and the Caribbean

The Latin American envelope market shrank to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a deep reduction. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Envelope Production in Latin America and the Caribbean

In value terms, envelope production dropped slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Envelope Exports

Exports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of envelopes, which increased by X% to X tons in 2023. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, envelope exports reached $X in 2023. Total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Mexico (X tons) was the major exporter of envelopes in Latin America and the Caribbean, constituting X% of total export.

Mexico was also the fastest-growing in terms of the envelopes exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest envelope supplier in Latin America and the Caribbean.

In Mexico, envelope exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2023, the rate of growth in terms of prices for Mexico amounted to X% per year.

Envelope Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of envelopes increased by X% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, envelope imports expanded slightly to $X in 2023. Over the period under review, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Mexico dominates imports structure, recording X tons, which was approx. X% of total imports in 2023. The following importers - El Salvador (X tons), Chile (X tons), Colombia (X tons), Haiti (X tons), Jamaica (X tons), Guatemala (X tons), Panama (X tons) and Nicaragua (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to envelope imports into Mexico stood at X%. At the same time, Colombia (X%), Panama (X%) and Guatemala (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 2012-2023. Haiti, Nicaragua and El Salvador experienced a relatively flat trend pattern. By contrast, Jamaica (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) and Panama (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported envelopes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by El Salvador, with a X% share.

In Mexico, envelope imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and El Salvador (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform