Latin America and the Caribbean: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Latin America and the Caribbean

The Latin American plastic shutters and blinds market rose remarkably to $X in 2022, increasing by 14% against the previous year. Over the period under review, consumption recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Latin America and the Caribbean

In value terms, plastic shutters and blinds production stood at $X in 2022 estimated in export price. Overall, production posted a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 55%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Shutters And Blinds

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was decline in shipments abroad of plastic shutters and blinds, when their volume decreased by -1.7% to X units. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, plastic shutters and blinds exports totaled $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 43%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Mexico (X units) represented roughly 99% of total exports in 2022.

Mexico was also the fastest-growing in terms of the plastic shutters and blinds exports, with a CAGR of +7.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest plastic shutters and blinds supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +11.3%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 6.9% against the previous year. Overall, the export price showed temperate growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 94% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +3.5% per year.

Imports of Plastic Shutters And Blinds

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of plastic shutters and blinds increased by 16% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X units) was the largest importer of plastic shutters and blinds, comprising 43% of total imports. Brazil (X units) held an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Chile (7%), Bolivia (6.5%), Colombia (5%) and Peru (4.6%). The following importers - Uruguay (X units), Argentina (X units), Panama (X units), Jamaica (X units) and Ecuador (X units) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic shutters and blinds imports into Mexico stood at +3.3%. At the same time, Bolivia (+20.2%), Uruguay (+11.5%), Jamaica (+10.1%), Argentina (+3.1%) and Chile (+1.5%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +20.2% from 2012-2022. By contrast, Brazil (-1.4%), Peru (-2.9%), Panama (-3.3%), Ecuador (-4.8%) and Colombia (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Bolivia, Uruguay and Jamaica increased by +12, +5.5, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported plastic shutters and blinds in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 6.6% share of total imports. It was followed by Argentina, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at +9.1%. In the other countries, the average annual rates were as follows: Brazil (+2.2% per year) and Argentina (+8.3% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2014 when the import price increased by 15% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Argentina ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :