Chile: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Chile

The Chilean plastic ornamental articles market fell to $X in 2022, dropping by -5.3% 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). Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Plastic Ornamental Articles Exports

Exports from Chile

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were exported from Chile; with an increase of 86% against 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 265%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic ornamental articles exports soared to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 205%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Mexico (X tons), Bolivia (X tons) and Paraguay (X tons) were the main destinations of plastic ornamental articles exports from Chile, together comprising 80% of total exports. Peru, Anguilla and Colombia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Anguilla (with a CAGR of +326.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Bolivia ($X) and Paraguay ($X) constituted the largest markets for plastic ornamental articles exported from Chile worldwide, together accounting for 81% of total exports. Peru, Anguilla and Colombia lagged somewhat behind, together accounting for a further 17%.

Anguilla, with a CAGR of +386.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 ornamental articles export price stood at $X per ton in 2022, declining by -6.4% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Anguilla ($X per ton), while the average price for exports to Colombia ($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 Anguilla (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into Chile

In 2022, supplies from abroad of statuettes and other ornamental articles of plastic increased by 8.6% to X tons, rising for the second consecutive year after three years of decline. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic ornamental articles imports reduced to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +132.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 171%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Chile, with a 88% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.4%.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Chile, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.1%.

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, declining by -21% against the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.0%).

Source: IndexBox Platform

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