Uruguay: Plastic Packaging Market 2024

Plastic Packaging Market Size in Uruguay

The Uruguayan plastic packaging market was estimated at $X in 2022, flattening at the previous year. Overall, consumption continues to indicate a strong expansion. Plastic packaging consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Packaging Production in Uruguay

In value terms, plastic packaging production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Packaging Exports

Exports from Uruguay

In 2022, overseas shipments of plastic packaging increased by X% to X tons, rising for the sixth year in a row after four years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic packaging exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for plastic packaging exports from Uruguay, with a X% share of total exports. Moreover, plastic packaging exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Argentina (X% per year).

In value terms, Brazil ($X) remains the key foreign market for plastic packaging exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Guyana ($X per ton), while the average price for exports to Chile ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Packaging Imports

Imports into Uruguay

Plastic packaging imports into Uruguay declined to X tons in 2022, with a decrease of X% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic packaging imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of plastic packaging to Uruguay, accounting for a X% share of total imports. Moreover, plastic packaging imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and China (X% per year).

In value terms, Brazil ($X), Argentina ($X) and China ($X) were the largest plastic packaging suppliers to Uruguay, together comprising X% of total imports. Colombia, Chile, Paraguay and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Colombia, 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 average plastic packaging import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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