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Mexico - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 22, 2024

Mexican Plastic Bag Imports Fall to $707M in 2023

Mexico Plastic Bag Imports

In 2023, the amount of plastic sacks and bags imported into Mexico shrank modestly to 160K tons, reducing by -2.3% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by 25%. As a result, imports attained the peak of 164K tons, and then reduced modestly in the following year.

In value terms, plastic bag imports fell to $707M (IndexBox estimates) in 2023. In general, total imports indicated a noticeable increase from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +58.9% against 2013 indices. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at $781M in 2022, and then reduced in the following year. Mexico Plastic Bag Imports By Country (Million USD)

COUNTRY	Import Value of Plastic Bag in Mexico (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
United States	303	333	325	308	309	328	339	322	398	463	409
China	59.0	72.3	78.1	72.4	80.0	95.8	111	101	131	151	140
South Korea	16.9	20.3	24.1	25.8	23.9	30.4	29.2	32.7	33.7	32.6	36.4
Vietnam	2.3	1.6	1.7	3.4	4.2	6.5	8.8	13.2	16.6	19.3	20.0
Israel	10.5	9.2	11.1	16.3	11.9	12.1	10.8	13.5	17.0	14.9	15.4
Canada	8.6	10.2	12.9	11.5	10.3	9.1	9.9	9.1	12.1	12.6	14.0
Thailand	2.4	2.2	3.6	6.0	8.7	8.5	7.3	7.0	11.8	17.5	12.4
Others	42.2	46.5	51.5	55.1	59.8	62.3	66.6	66.0	62.2	69.2	59.0
Total	445	495	508	499	508	553	582	564	682	781	707

Imports by Country

the United States (88K tons), China (48K tons) and South Korea (4.5K tons) were the main suppliers of plastic bag imports to Mexico, together accounting for 88% of total imports. Thailand, Vietnam, Canada and Israel lagged somewhat behind, together comprising a further 6.5%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($409M) constituted the largest supplier of plastic sacks and bags to Mexico, comprising 58% of total imports. The second position in the ranking was taken by China ($140M), with a 20% share of total imports. It was followed by South Korea, with a 5.2% share.

From 2013 to 2023, the average annual growth rate of value from the United States amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and South Korea (+8.0% per year).

Imports by Type

Sacks and bags of polymers of ethylene (88K tons) and plastics (72K tons) were the main products of plastic bag imports to Mexico.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by plastics (with a CAGR of +0.1%).

In value terms, sacks and bags of polymers of ethylene ($407M) and plastics ($300M) were the most imported types of plastic sacks and bags in Mexico.

Import Prices by Country

In 2023, the plastic bag price amounted to $4,418 per ton (CIF, Mexico), waning by -7.3% against the previous year. Over the period under review, import price indicated a noticeable increase from 2013 to 2023: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic bag import price decreased by -14.8% against 2021 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $5,187 per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Israel ($10,804 per ton), while the price for China ($2,903 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic bag market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Mexico - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights

Mexican Plastic Bag Imports Fall to $707M in 2023

Mexico Plastic Bag Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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