Bolivia: Plastic Packaging Market 2024

Plastic Packaging Market Size in Bolivia

After two years of growth, the Bolivian plastic packaging market decreased by X% to $X in 2023. Overall, consumption enjoyed a noticeable increase. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Plastic Packaging Production in Bolivia

In value terms, plastic packaging production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2023 and is likely to continue growth in years to come.

Plastic Packaging Exports

Exports from Bolivia

In 2023, the amount of plastic packaging exported from Bolivia shrank notably to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, plastic packaging exports declined dramatically to $X in 2023. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Chile (X tons) and Uruguay (X tons) were the main destinations of plastic packaging exports from Bolivia, with a combined X% share of total exports. Peru, Cuba, Argentina and Paraguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Paraguay ($X) and Argentina ($X) were the largest markets for plastic packaging exported from Bolivia worldwide, together accounting for X% of total exports. Uruguay, Peru, Chile and Cuba lagged somewhat behind, together comprising a further X%.

Cuba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic packaging export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Packaging Imports

Imports into Bolivia

For the third consecutive year, Bolivia recorded growth in purchases abroad of plastic packaging, which increased by X% to X tons in 2023. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, plastic packaging imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

Peru (X tons), China (X tons) and Brazil (X tons) were the main suppliers of plastic packaging imports to Bolivia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Chile ($X) constituted the largest plastic packaging suppliers to Bolivia, with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average plastic packaging import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 Paraguay ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform