Mexico - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico's Plastic Packaging Imports Surge to $2.3 Billion in 2023
Mexico Plastic Packaging Imports
In 2023, after five years of growth, there was significant decline in purchases abroad of plastic packaging, when their volume decreased by -19.3% to 1.3M tons. Overall, imports, however, continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2022 with an increase of 92%. As a result, imports reached the peak of 1.6M tons, and then fell remarkably in the following year.
In value terms, plastic packaging imports expanded slightly to $2.3B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +4.4% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in years to come.
| COUNTRY | Import Value of Plastic Packaging in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 1,211 | 1,240 | 1,266 | 1,318 | 1,245 | 1,344 | 1,416 | 1,257 | 1,471 | 1,685 | 1,756 |
| China | 76.1 | 88.6 | 92.1 | 89.0 | 103 | 119 | 141 | 130 | 168 | 198 | 203 |
| Germany | 28.5 | 38.0 | 24.8 | 22.4 | 22.0 | 31.3 | 49.9 | 45.1 | 46.2 | 46.0 | 51.2 |
| South Korea | 19.1 | 23.6 | 27.3 | 31.0 | 29.4 | 35.2 | 36.4 | 39.0 | 41.7 | 42.1 | 45.0 |
| Others | 147 | 145 | 144 | 162 | 173 | 193 | 196 | 192 | 214 | 238 | 220 |
| Total | 1,481 | 1,536 | 1,554 | 1,622 | 1,572 | 1,723 | 1,840 | 1,663 | 1,941 | 2,210 | 2,275 |
Imports by Country
In 2023, the United States (1.1M tons) constituted the largest supplier of plastic packaging to Mexico, accounting for a 88% share of total imports. Moreover, plastic packaging imports from the United States exceeded the figures recorded by the second-largest supplier, China (72K tons), more than tenfold. Germany (12K tons) ranked third in terms of total imports with a 0.9% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from the United States totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Germany (+6.7% per year).
In value terms, the United States ($1.8B) constituted the largest supplier of plastic packaging to Mexico, comprising 77% of total imports. The second position in the ranking was held by China ($203M), with an 8.9% share of total imports. It was followed by Germany, with a 2.2% share.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.3% per year) and Germany (+6.0% per year).
Imports by Type
In 2023, plastic boxes, cases, crates and similar packing articles (1.1M tons) constituted the largest type of plastic packaging supplied to Mexico, with a 86% share of total imports. Moreover, plastic boxes, cases, crates and similar packing articles exceeded the figures recorded for the second-largest type, plastic sacks and bags (160K tons), sevenfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of plastic boxes, cases, crates and similar packing articles imports amounted to -19.2%. With regard to the other supplied products, the following average annual rates of growth were recorded: plastic sacks and bags (-0.1% per year) and carboys, bottles and similar articles of plastics (+5.1% per year).
In value terms, plastic boxes, cases, crates and similar packing articles ($1.4B) constituted the largest type of plastic packaging supplied to Mexico, comprising 64% of total imports. The second position in the ranking was taken by plastic sacks and bags ($707M), with a 31% share of total imports.
Import Prices by Country
In 2023, the plastic packaging price stood at $1,741 per ton (CIF, Mexico), picking up by 28% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 38% against the previous year. The import price peaked at $4,011 per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat 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 China ($2,800 per ton), while the price for the United States stood at $1,529 per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+4.9%).
This report provides an in-depth analysis of the plastic packaging 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 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:
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
