Report Update Nov 1, 2024

Puerto Rico - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Plastic Packaging Market 2022

Plastic Packaging Market Size in Puerto Rico

The Puerto Rican plastic packaging market declined modestly to $X in 2021, almost unchanged from the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.8% against 2019 indices. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Plastic Packaging Production in Puerto Rico

In value terms, plastic packaging production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.3% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Plastic Packaging Exports

Exports by Country

In 2021, China (X tons), distantly followed by Mexico (X tons), the United States (X tons) and Germany (X tons) represented the main exporters of plastic packaging, together comprising 37% of total exports. Poland (X tons), Vietnam (X tons), the Netherlands (X tons), Turkey (X tons), Thailand (X tons), India (X tons), France (X tons), Canada (X tons) and Belgium (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Vietnam (+10.2%), Turkey (+9.3%), Poland (+8.5%), the Netherlands (+6.7%), India (+6.3%), Belgium (+3.7%), Mexico (+2.9%), Germany (+2.8%), the United States (+2.8%), Thailand (+2.0%) and France (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.2% from 2012-2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam and Poland increased by +1.8 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic packaging supplier from Puerto Rico, comprising 21% of global exports. The second position in the ranking was taken by Germany ($X), with an 8% share of global exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.7% per year) and the United States (+2.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other leaders experienced more modest paces of growth.

Plastic Packaging Imports

Imports by Country

Mexico (X tons) and the United States (X tons) represented roughly 23% of total imports in 2021. Germany (X tons) ranks next in terms of the total imports with a 6.9% share, followed by France (4.9%). Japan (X tons), the Netherlands (X tons), the UK (X tons), Belgium (X tons), Canada (X tons), Bolivia (X tons), Spain (X tons), Australia (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bolivia (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported plastic packaging into Puerto Rico, comprising 14% of global imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of global imports. It was followed by France, with a 5.5% share.

In the United States, plastic packaging imports increased at an average annual rate of +3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.6% per year) and France (+2.6% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic packaging in the world?

Russia constituted the country with the largest volume of plastic packaging consumption, comprising approx. 30% of total volume. Moreover, plastic packaging consumption in Russia exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of plastic packaging in the world?

Russia constituted the country with the largest volume of plastic packaging production, accounting for 30% of total volume. Moreover, plastic packaging production in Russia exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by the United States, with a 5.3% share.

What are the leading suppliers of plastic packaging to Puerto Rico?

In value terms, the United States constitutes the largest market for imported plastic packaging into Puerto Rico, comprising 14% of global imports. The second position in the ranking was occupied by Germany, with a 6.9% share of global imports. It was followed by France, with a 5.6% share.

What are the leading importers of plastic packaging from Puerto Rico?

In value terms, China, Germany and the United States appeared to be the countries with the highest levels of exports in 2021, together accounting for 35% of total exports. These countries were followed by the Netherlands, France, Poland, Canada, Italy, Belgium, Vietnam, Thailand, Spain and Malaysia, which together accounted for a further 31%.

What is the average export price for plastic packaging in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, stabilizing at the previous year.

What is the average import price for plastic packaging in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the plastic packaging market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023