Brazil: Plastic Packaging Market 2024

Plastic Packaging Market Size in Brazil

In 2022, after two years of growth, there was decline in the Brazilian plastic packaging market, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Packaging Production in Brazil

In value terms, plastic packaging production amounted to $X in 2022 estimated in export price. In general, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Packaging Exports

Exports from Brazil

In 2022, shipments abroad of plastic packaging increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, plastic packaging exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Uruguay (X tons) and Paraguay (X tons) were the main destinations of plastic packaging exports from Brazil, with a combined X% share of total exports. The United States, Chile, Colombia, Sweden, Bolivia, Germany, Mexico, Costa Rica, Belgium and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Paraguay ($X) and the United States ($X) constituted the largest markets for plastic packaging exported from Brazil worldwide, with a combined X% share of total exports. Uruguay, Chile, Colombia, Mexico, Costa Rica, Sweden, Bolivia, Germany, Belgium and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Packaging Imports

Imports into Brazil

In 2022, overseas purchases of plastic packaging decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plastic packaging imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest supplier of plastic packaging to Brazil, with a X% share of total imports. Moreover, plastic packaging imports from Uruguay exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Uruguay stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and China (X% per year).

In value terms, Uruguay ($X) constituted the largest supplier of plastic packaging to Brazil, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Uruguay was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and China (X% per year).

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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