Peru: Plastic Box Market 2025

Plastic Box Market Size in Peru

After two years of decline, the Peruvian plastic box market increased by 0.6% to $X in 2022. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Box Production in Peru

In value terms, plastic box production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Box Exports

Exports from Peru

In 2022, after three years of growth, there was significant decline in overseas shipments of plastic boxes, cases, crates and similar packing articles, when their volume decreased by -9.7% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, plastic box exports reduced to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X tons), Chile (X tons) and Mexico (X tons) were the main destinations of plastic box exports from Peru, with a combined 78% share of total exports. Honduras, Guatemala, Ecuador, Bolivia and Colombia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +10.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic box exported from Peru were the United States ($X), Chile ($X) and Mexico ($X), together accounting for 80% of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +11.9%, 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

In 2022, the average plastic box export price amounted to $X per ton, waning by -4.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Guatemala ($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 Bolivia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Box Imports

Imports into Peru

In 2022, imports of plastic boxes, cases, crates and similar packing articles into Peru rose rapidly to X tons, growing by 5.1% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 26%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports shrank to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +52.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Chile (X tons) constituted the largest plastic box supplier to Peru, with a 32% share of total imports. Moreover, plastic box imports from Chile exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+25.1% per year) and China (-15.6% per year).

In value terms, Chile ($X), Colombia ($X) and China ($X) appeared to be the largest plastic box suppliers to Peru, with a combined 54% share of total imports. The United States, Ecuador, Spain, Italy, Mexico, Hungary, the UK and the Netherlands lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Hungary, with a CAGR of +172.2%, 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 average plastic box import price stood at $X per ton in 2022, shrinking by -11.8% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic box import price increased by +11.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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