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Puerto Rico - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Plastic Packaging Market 2022
Plastic Packaging Market Size in Puerto Rico
The Puerto Rican plastic packaging market declined modestly to $X in 2021, almost unchanged from the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.8% against 2019 indices. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.
Plastic Packaging Production in Puerto Rico
In value terms, plastic packaging production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.3% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.
Plastic Packaging Exports
Exports by Country
In 2021, China (X tons), distantly followed by Mexico (X tons), the United States (X tons) and Germany (X tons) represented the main exporters of plastic packaging, together comprising 37% of total exports. Poland (X tons), Vietnam (X tons), the Netherlands (X tons), Turkey (X tons), Thailand (X tons), India (X tons), France (X tons), Canada (X tons) and Belgium (X tons) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Vietnam (+10.2%), Turkey (+9.3%), Poland (+8.5%), the Netherlands (+6.7%), India (+6.3%), Belgium (+3.7%), Mexico (+2.9%), Germany (+2.8%), the United States (+2.8%), Thailand (+2.0%) and France (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.2% from 2012-2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam and Poland increased by +1.8 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest plastic packaging supplier from Puerto Rico, comprising 21% of global exports. The second position in the ranking was taken by Germany ($X), with an 8% share of global exports. It was followed by the United States, with a 7.7% share.
From 2012 to 2021, the average annual growth rate of value in China amounted to +6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.7% per year) and the United States (+2.0% per year).
Export Prices by Country
In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern.
Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other leaders experienced more modest paces of growth.
Plastic Packaging Imports
Imports by Country
Mexico (X tons) and the United States (X tons) represented roughly 23% of total imports in 2021. Germany (X tons) ranks next in terms of the total imports with a 6.9% share, followed by France (4.9%). Japan (X tons), the Netherlands (X tons), the UK (X tons), Belgium (X tons), Canada (X tons), Bolivia (X tons), Spain (X tons), Australia (X tons) and Poland (X tons) followed a long way behind the leaders.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bolivia (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United States ($X) constitutes the largest market for imported plastic packaging into Puerto Rico, comprising 14% of global imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of global imports. It was followed by France, with a 5.5% share.
In the United States, plastic packaging imports increased at an average annual rate of +3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.6% per year) and France (+2.6% per year).
Import Prices by Country
In 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern.
Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while Bolivia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the plastic packaging market in Puerto Rico. 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 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
- Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
- Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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