Latin America’s pulp and paper market driven by packaging demand and economic shifts
Across Latin America, the pulp and paper sector is experiencing fluctuations in demand, with a partial reflection of the recovery in the packaging market demand. The year 2024 saw an uptick in packaging demand compared to 2023, driven by major fruit exporters entering the market to secure volumes for export. This, along with robust domestic retail sales, has bolstered the consumption of boxboard grades.
July and August witnessed a resumption of OCC imports across Latin America, spurred by the increased demand. However, a slowdown is anticipated as converters and paper producers have largely secured the necessary volumes for exporting fruit crops in the latter half of the year.
The tissue market is showing signs of recovery from a sluggish 2023, with imports across the region on the rise. Fastmarkets reports a continuation of price increases into the third quarter, attributed to cost inflation across the supply chains and the impact of local currency depreciation against the US dollar.
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