Puerto Rico: Composite Paperboard Market 2024

Composite Paperboard Market Size in Puerto Rico

In 2021, the Puerto Rican composite paperboard market increased by 1.7% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Composite Paperboard Production in Puerto Rico

In value terms, composite paperboard production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 71% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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Composite Paperboard Exports

Exports from Puerto Rico

In 2021, exports of composite paper and paperboard from Puerto Rico stood at less than X kg, remaining stable against the previous year. In general, exports recorded a relatively flat trend pattern.

In value terms, composite paperboard exports totaled less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, the Netherlands (X tons) represented the main exporter of composite paper and paperboard, constituting 58% of total exports. Germany (X tons) held the second position in the ranking, distantly followed by Italy (X tons). All these countries together held near 17% share of total exports. The United States (X tons), Spain (X tons), France (X tons), Finland (X tons) and Canada (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of composite paper and paperboard. At the same time, France (+3.0%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +3.0% from 2012-2021. Italy, Germany and the United States experienced a relatively flat trend pattern. By contrast, Finland (-2.5%), Canada (-3.5%) and Spain (-5.0%) illustrated a downward trend over the same period. The Netherlands (+5.5 p.p.) significantly strengthened its position in terms of the global exports, while Spain saw its share reduced by -1.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest composite paperboard supplier from Puerto Rico, comprising 44% of global exports. The second position in the ranking was held by Germany ($X), with a 13% share of global exports. It was followed by the United States, with a 5.7% share.

In the Netherlands, composite paperboard exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.5% per year) and the United States (+0.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the export price recorded 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 Finland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the other leaders experienced more modest paces of growth.

Composite Paperboard Imports

Imports into Puerto Rico

In 2021, the amount of composite paper and paperboard imported into Puerto Rico totaled less than X kg, approximately reflecting 2020 figures. In general, imports saw a relatively flat trend pattern.

In value terms, composite paperboard imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons) and Belgium (X tons) were the key importers of composite paper and paperboardacross the globe, together creating 23% of total imports. The UK (X tons) held a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Poland (7.1%), Germany (6.1%) and France (4.8%). The following importers - Italy (X tons), Spain (X tons), the Czech Republic (X tons), the Netherlands (X tons), China (X tons), Mexico (X tons) and Turkey (X tons) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 26% share of total imports. These countries were followed by the UK, Poland, France, Italy, the Czech Republic, China, Mexico, Spain, the Netherlands and Turkey, which together accounted for a further 39%.

The Czech Republic, with a CAGR of +8.0%, saw the highest growth rate of 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Spain ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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