Latin America and the Caribbean: Particle Board Market 2024

Particle Board Market Size in Latin America and the Caribbean

In 2022, the Latin American particle board market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a slight reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Particle Board Production in Latin America and the Caribbean

In value terms, particle board production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Particle Board Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of particle board decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2021, and then contracted in the following year.

In value terms, particle board exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Brazil (X cubic meters) and Ecuador (X cubic meters) represented roughly X% of total exports in 2022. It was distantly followed by Chile (X cubic meters), constituting a X% share of total exports. Mexico (X cubic meters) and Argentina (X cubic meters) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per cubic meter), while Brazil ($X per cubic meter) was amongst the lowest.

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

Particle Board Imports

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of particle board decreased by X% to X cubic meters in 2022. Total imports indicated a prominent increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters, and then fell remarkably in the following year.

In value terms, particle board imports declined to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Peru (X cubic meters) and Colombia (X cubic meters) represented the main importers of particle board in Latin America and the Caribbean, together resulting at near X% of total imports. Mexico (X cubic meters) ranks next in terms of the total imports with an X% share, followed by Argentina (X%). Chile (X cubic meters), Bolivia (X cubic meters), Costa Rica (X cubic meters), Guatemala (X cubic meters), Ecuador (X cubic meters), the Dominican Republic (X cubic meters), Panama (X cubic meters) and El Salvador (X cubic meters) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board importing markets in Latin America and the Caribbean were Colombia ($X), Peru ($X) and Mexico ($X), together accounting for X% of total imports. Argentina, Chile, Bolivia, the Dominican Republic, Guatemala, Costa Rica, Panama, Ecuador and El Salvador lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per cubic meter, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per cubic meter), while Argentina ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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