Latin America and the Caribbean: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in Latin America and the Caribbean

The Latin American uncoated filter paper market was estimated at $X in 2022, picking up by 2.8% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Uncoated Filter Paper Production in Latin America and the Caribbean

In value terms, uncoated filter paper production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Uncoated Filter Paper Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of uncoated filter paper and paperboard were exported in Latin America and the Caribbean; increasing by 36% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, uncoated filter paper exports surged to $X in 2022. Over the period under review, exports posted slight growth. The growth pace was the most rapid in 2018 with an increase of 62%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Mexico prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2022. Paraguay (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of uncoated filter paper and paperboard. At the same time, Paraguay (+21.9%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +21.9% from 2012-2022. From 2012 to 2022, the share of Mexico and Paraguay increased by +4 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest uncoated filter paper supplier in Latin America and the Caribbean, comprising 97% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 1.7% share of total exports.

In Mexico, uncoated filter paper exports increased at an average annual rate of +1.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 14% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 37%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.6%).

Uncoated Filter Paper Imports

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in overseas purchases of uncoated filter paper and paperboard, when their volume decreased by -7.9% to X tons. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, uncoated filter paper imports expanded slightly to $X in 2022. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) was the major importer of uncoated filter paper and paperboard, achieving 51% of total imports. It was distantly followed by Brazil (X tons), Chile (X tons), Colombia (X tons) and Ecuador (X tons), together comprising a 39% share of total imports. Peru (X tons) and Bolivia (X tons) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of -8.0% from 2012 to 2022. At the same time, Chile (+25.0%), Peru (+7.3%), Ecuador (+4.5%), Colombia (+3.4%) and Bolivia (+3.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +25.0% from 2012-2022. By contrast, Brazil (-4.5%) illustrated a downward trend over the same period. While the share of Chile (+6.1 p.p.), Colombia (+3.9 p.p.), Ecuador (+2.9 p.p.), Brazil (+2.8 p.p.) and Peru (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported uncoated filter paper and paperboard in Latin America and the Caribbean, comprising 58% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Chile, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to -2.4%. In the other countries, the average annual rates were as follows: Brazil (-2.9% per year) and Chile (+21.5% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. 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 Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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