MERCOSUR: Plastic Packaging Market 2024

Plastic Packaging Market Size in MERCOSUR

The MERCOSUR plastic packaging market fell modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Packaging Production in MERCOSUR

In value terms, plastic packaging production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Packaging Exports

Exports in MERCOSUR

Plastic packaging exports reduced to X tons in 2022, dropping by X% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, plastic packaging exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay was the key exporting country with an export of around X tons, which recorded X% of total exports. Peru (X tons) ranks second in terms of the total exports with an X% share, followed by Paraguay (X%), Brazil (X%), Colombia (X%), Chile (X%) and Ecuador (X%).

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

In value terms, Uruguay ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Colombia, Chile, Paraguay and Ecuador lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Colombia ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Plastic Packaging Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was decline in supplies from abroad of plastic packaging, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, plastic packaging imports rose significantly to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil (X tons) and Chile (X tons) were the key importers of plastic packaging in 2022, amounting to near X% and X% of total imports, respectively. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%) and Argentina (X%). The following importers - Ecuador (X tons) and Uruguay (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Peru, Argentina, Ecuador and Uruguay lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. 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 Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform