Mexico - Plastic Boxes, Cases, Crates And Similar Packing Articles - Market Analysis, Forecast, Size, Trends and Insights
Plastic Box Price in Mexico Peaks at $1,700 per Ton
Mexico Plastic Box Import Price in November 2022
In November 2022, the plastic box price stood at $1,700 per ton (CIF, Mexico), rising by 38% against the previous month. Overall, the import price showed a moderate increase. The pace of growth was the most pronounced in July 2022 an increase of 444% against the previous month. Over the period under review, average import prices reached the maximum in November 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,189 per ton), while the price for the United States totaled $1,616 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%).
Mexico Plastic Box Imports
In November 2022, overseas purchases of plastic boxes, cases, crates and similar packing articles decreased by -10.2% to 80K tons for the first time since July 2022, thus ending a three-month rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when imports increased by 310% month-to-month. As a result, imports reached the peak of 440K tons. From July 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
In value terms, plastic box imports surged to $136M (IndexBox estimates) in November 2022. The total import value increased at an average monthly rate of +4.8% over the period from January 2022 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in February 2022 with an increase of 28% month-to-month. Over the period under review, imports reached the maximum in November 2022.
Mexico Plastic Box Imports by Country
In November 2022, the United States (75K tons) was the main supplier of plastic box to Mexico, with a 94% share of total imports. It was followed by Germany (1.3K tons), with a 1.6% share of total imports.
From January 2022 to November 2022, the average monthly growth rate of volume from the United States was relatively modest.
In value terms, the United States ($121M) constituted the largest supplier of plastic box to Mexico, comprising 89% of total imports. The second position in the ranking was taken by Germany ($5.3M), with a 3.9% share of total imports.
From January 2022 to November 2022, the average monthly rate of growth in terms of value from the United States amounted to +5.0%.
This report provides an in-depth analysis of the plastic box market in Mexico. 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.
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