Brazil: Plastic Bag Market 2024

Plastic Bag Market Size in Brazil

After two years of decline, the Brazilian plastic bag market increased by less than 0.1% to $X in 2022. In general, consumption saw a slight contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Bag Production in Brazil

In value terms, plastic bag production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 1% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Plastic Bag Exports

Exports from Brazil

In 2022, after two years of growth, there was significant decline in overseas shipments of plastic sacks and bags, when their volume decreased by -11.2% to X tons. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.6% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 30%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, plastic bag exports stood at $X in 2022. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 37%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), Uruguay (X tons) and Argentina (X tons) were the main destinations of plastic bag exports from Brazil, with a combined 47% share of total exports. Chile, Colombia, Paraguay, Costa Rica, Mexico, Bolivia, the UK, Ecuador and Nigeria lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +139.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Argentina ($X) and Chile ($X) constituted the largest markets for plastic bag exported from Brazil worldwide, with a combined 45% share of total exports. Uruguay, Colombia, Paraguay, Costa Rica, Mexico, Bolivia, Ecuador, Nigeria and the UK lagged somewhat behind, together accounting for a further 49%.

Nigeria, with a CAGR of +103.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the UK ($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 Paraguay (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Brazil

In 2022, approx. X tons of plastic sacks and bags were imported into Brazil; dropping by -12.1% on the year before. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, plastic bag imports stood at $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest plastic bag supplier to Brazil, accounting for a 54% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.3% per year) and Vietnam (+9.9% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest plastic bag suppliers to Brazil, with a combined 57% share of total imports.

Among the main suppliers, Italy, with a CAGR of +27.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, import price reached 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 the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :