Latin America and the Caribbean: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Latin America and the Caribbean

The Latin American non-cellular polyvinyl chloride film market expanded significantly to $X in 2022, rising by 5.6% against the previous year. 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 +25.0% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Latin America and the Caribbean

In value terms, non-cellular polyvinyl chloride film production contracted modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.0% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 25% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in Latin America and the Caribbean

In 2022, overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip increased by 8.3% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film exports soared to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +64.3% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Mexico (X tons) and Brazil (X tons) represented the main exporters of non-cellular polyvinyl chloride films, sheets, foil and strip in Latin America and the Caribbean, together constituting 59% of total exports. It was distantly followed by Colombia (X tons) and Uruguay (X tons), together creating a 35% share of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +8.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 78% of total exports.

Mexico, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2021 an increase of 21%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in Latin America and the Caribbean

In 2022, imports of non-cellular polyvinyl chloride films, sheets, foil and strip in Latin America and the Caribbean expanded sharply to X tons, surging by 5.6% on the year before. The total import volume increased at an average annual rate of +2.4% over the period 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 2021 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, non-cellular polyvinyl chloride film imports soared to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period 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 2021 with an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Mexico was the key importing country with an import of about X tons, which resulted at 40% of total imports. It was distantly followed by Brazil (X tons), Chile (X tons), Colombia (X tons) and Argentina (X tons), together mixing up a 38% share of total imports. Guatemala (X tons), the Dominican Republic (X tons), Peru (X tons), Costa Rica (X tons), Ecuador (X tons) and Venezuela (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film imports into Mexico stood at +3.1%. At the same time, the Dominican Republic (+10.9%), Guatemala (+7.7%), Costa Rica (+6.9%), Chile (+3.6%), Colombia (+2.3%) and Argentina (+1.2%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +10.9% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Venezuela (-1.7%), Peru (-2.0%) and Ecuador (-3.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by +2.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in Latin America and the Caribbean, comprising 41% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Argentina, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled +4.2%. In the other countries, the average annual rates were as follows: Brazil (+2.1% per year) and Argentina (+3.7% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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