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Mexico - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Mexico - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights

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Oct 8, 2024

In 2023, Mexico Sees a Modest Increase in Plastic Packaging Imports, Reaching $2.3 Billion

Mexico Plastic Packaging Imports

In 2023, purchases abroad of plastic packaging decreased by -19.2% to 1.3M tons for the first time since 2017, thus ending a five-year rising trend. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2022 when imports increased by 92% against the previous year. As a result, imports attained the peak of 1.6M tons, and then reduced markedly 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.Mexico Plastic Packaging Imports By Country (Million USD)

COUNTRYImport Value of Plastic Packaging in Mexico (million USD)
20132014201520162017201820192020202120222023
United States1,2111,2401,2661,3181,2451,3441,4161,2571,4711,6851,756
China76.188.692.189.0103119141130168198203
Germany28.538.024.822.422.031.349.945.146.246.051.2
South Korea19.123.627.331.029.435.236.439.041.742.145.0
Others147145144162173193196192214238231
Total1,4811,5361,5541,6221,5721,7231,8401,6631,9412,2102,286

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 growth rate of volume from the United States stood at +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 taken 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 amounted to +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 stood at +5.3%. 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 (+6.0% 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 63% 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 $1,747 per ton (CIF, Mexico), growing by 28% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 38%. Over the period under review, average import prices attained the maximum at $4,011 per ton in 2018; however, from 2019 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 China ($2,800 per ton), while the price for the United States totaled $1,529 per ton.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+4.9%).

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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