Latin America and the Caribbean: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2025

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Latin America and the Caribbean

The Latin American market for plasticised mixed polyvinyl chloride in primary forms shrank modestly to $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate a mild slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Latin America and the Caribbean

In value terms, production of plasticised mixed polyvinyl chloride in primary forms dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 7.1%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Latin America and the Caribbean

In 2022, exports of plasticised mixed polyvinyl chloride in primary forms in Latin America and the Caribbean rose modestly to X tons, picking up by 3% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 14%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms expanded modestly to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +52.6% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The shipments of the six major exporters of plasticised mixed polyvinyl chloride in primary forms, namely Brazil, Argentina, Mexico, El Salvador, Uruguay and Peru, represented more than two-thirds of total export. Guatemala (X tons) took the next position in the ranking, followed by Colombia (X tons). All these countries together held approx. 9.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +47.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), with a combined 46% share of total exports. El Salvador, Uruguay, Peru, Guatemala and Colombia lagged somewhat behind, together comprising a further 44%.

Among the main exporting countries, Guatemala, with a CAGR of +56.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 1.8% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for plasticised mixed polyvinyl chloride in primary forms increased by +46.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 44%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Latin America and the Caribbean

In 2022, purchases abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -11% to X tons, falling for the third year in a row after five years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 7.7% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms totaled $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Mexico was the largest importer of plasticised mixed polyvinyl chloride in primary forms in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 52% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with a 15% share, followed by Guatemala (4.6%). Costa Rica (X tons), Colombia (X tons), Honduras (X tons), Argentina (X tons), Ecuador (X tons), El Salvador (X tons), Paraguay (X tons) and Bolivia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plasticised mixed polyvinyl chloride in primary forms imports into Mexico stood at -1.1%. At the same time, Costa Rica (+16.8%), El Salvador (+11.4%), Guatemala (+5.4%), Argentina (+4.0%) and Honduras (+2.5%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +16.8% from 2012-2022. Brazil, Paraguay and Ecuador experienced a relatively flat trend pattern. By contrast, Bolivia (-1.7%) and Colombia (-4.6%) illustrated a downward trend over the same period. While the share of Costa Rica (+3.5 p.p.) and Guatemala (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (-2.1 p.p.) and Mexico (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported plasticised mixed polyvinyl chloride in primary forms in Latin America and the Caribbean, comprising 58% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Costa Rica, with a 4.6% share.

In Mexico, imports of plasticised mixed polyvinyl chloride in primary forms expanded at an average annual rate of +1.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+3.5% per year) and Costa Rica (+15.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual 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 Mexico ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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