Argentina: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Argentina

The Argentinian plastic household ware market surged to $X in 2021, growing by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.2% against 2019 indices. Plastic household ware consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Plastic Household Ware Exports

Exports from Argentina

In 2021, the amount of plastics household articles and toilet articles exported from Argentina shrank to X tons, dropping by -6.1% compared with the previous year's figure. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 11%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic household ware exports rose rapidly to $X in 2021. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) was the main destination for plastic household ware exports from Argentina, accounting for a 57% share of total exports. Moreover, plastic household ware exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. Chile (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-12.5% per year) and Chile (-18.0% per year).

In value terms, the largest markets for plastic household ware exported from Argentina were Uruguay ($X), Chile ($X) and Paraguay ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of -7.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Argentina

In 2021, purchases abroad of plastics household articles and toilet articles increased by 9.9% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, plastic household ware imports soared to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic household ware to Argentina, with a 60% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.3% per year) and Turkey (+51.0% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Argentina, comprising 54% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Mexico, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.4% per year) and Mexico (+2.5% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, jumping by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :