Latin America and the Caribbean: Plastic Support Market 2024

Plastic Support Market Size in Latin America and the Caribbean

The Latin American plastic support market was estimated at $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a mild descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Plastic Support Production in Latin America and the Caribbean

In value terms, plastic support production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Plastic Support Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of spools, cops and similar supports of plastics increased by X% to X tons, rising for the sixth consecutive year after four years of decline. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, plastic support exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Colombia (X tons) held the second position in the ranking, followed by Guatemala (X tons) and Brazil (X tons). All these countries together took near X% share of total exports. Costa Rica (X tons), the Dominican Republic (X tons) and El Salvador (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), El Salvador (X%), Guatemala (X%), Brazil (X%) and Colombia (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest plastic support supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, plastic support exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Plastic Support Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of spools, cops and similar supports of plastics were imported in Latin America and the Caribbean; jumping by X% on 2021. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic support imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Mexico dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Chile (X tons), making up a X% share of total imports. Brazil (X tons), Colombia (X tons), Guatemala (X tons), Peru (X tons), the Dominican Republic (X tons), Argentina (X tons), Costa Rica (X tons), El Salvador (X tons), Honduras (X tons) and Jamaica (X tons) took a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Jamaica (X%), Guatemala (X%), Costa Rica (X%), Peru (X%), the Dominican Republic (X%), Colombia (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. El Salvador and Brazil experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported spools, cops and similar supports of plastics in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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