Chile: Plastic Bag Market 2024

Plastic Bag Market Size in Chile

The Chilean plastic bag market totaled $X in 2022, approximately equating the previous year. Overall, consumption saw a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Bag Production in Chile

In value terms, plastic bag production shrank to $X in 2022 estimated in export price. In general, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from Chile

Plastic bag exports from Chile stood at X tons in 2022, growing by 8.6% against the previous year's figure. Overall, exports enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2019 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic bag exports rose markedly to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +101.9% against 2015 indices. The growth pace was the most rapid in 2019 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Peru (X tons) was the main destination for plastic bag exports from Chile, with a 42% share of total exports. Moreover, plastic bag exports to Peru exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+20.8% per year) and the United States (+0.7% per year).

In value terms, Peru ($X) remains the key foreign market for plastic sacks and bags exports from Chile, comprising 48% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by Bolivia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.5% per year) and Bolivia (+13.0% per year).

Export Prices by Country

In 2022, the average plastic bag export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the United States ($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 Guatemala (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Chile

In 2022, overseas purchases of plastic sacks and bags decreased by -7.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, plastic bag imports totaled $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +68.7% against 2017 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic bag to Chile, accounting for a 61% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+37.6% per year) and Taiwan (Chinese) (+51.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic sacks and bags to Chile, comprising 49% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.5% share of total imports. It was followed by Peru, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.9% per year) and Peru (+32.5% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, picking up by 8.4% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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