Latin America and the Caribbean: Plastic Supports Market 2024

Plastic Supports Market Size in Latin America and the Caribbean

In 2023, the Latin American plastic supports market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a prominent increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Plastic Supports Production in Latin America and the Caribbean

In value terms, plastic supports production shrank to $X in 2023 estimated in export price. The total production indicated a remarkable increase from 2012 to 2023: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of spools, cops, bobbins and similar supports of plastics decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastic supports exports declined rapidly to $X in 2023. Total exports indicated a pronounced increase from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank remarkably in the following year.

Exports by Country

Mexico prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Guatemala (X tons) held the second position in the ranking, followed by the Dominican Republic (X tons). All these countries together took near X% share of total exports. El Salvador (X tons) and Brazil (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2023. At the same time, El Salvador (X%), the Dominican Republic (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Guatemala, El Salvador and the Dominican Republic increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: the Dominican Republic (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in overseas purchases of spools, cops, bobbins and similar supports of plastics, when their volume decreased by X% to X tons. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, plastic supports imports contracted notably to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank markedly in the following year.

Imports by Country

Mexico prevails in imports structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Brazil (X tons), making up a X% share of total imports. The following importers - El Salvador (X tons), the Dominican Republic (X tons) and Honduras (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic supports imports into Mexico stood at X%. At the same time, Honduras (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Brazil and the Dominican Republic experienced a relatively flat trend pattern. By contrast, El Salvador (X%) illustrated a downward trend over the same period. Honduras (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic supports import price increased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform