Mexico - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Mexico - 2023
Contents:
- Plastic Bag Price in Mexico (CIF) - 2023
- Plastic Bag Price in Mexico (FOB) - 2023
- Plastic Bag Imports in Mexico
- Plastic Bag Exports in Mexico
Plastic Bag Price in Mexico (CIF) - 2023
In August 2023, the average plastic bag import price amounted to $4,043 per ton, shrinking by -14.9% against the previous month. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 9.9% against the previous month. Over the period under review, average import prices reached the maximum at $7,201 per ton in November 2022; however, from December 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was South Korea ($8,624 per ton), while the price for Canada ($2,480 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.1%), while the prices for the other major suppliers experienced a decline.
Plastic Bag Price in Mexico (FOB) - 2023
The average plastic bag export price stood at $5,823 per ton in August 2023, increasing by 4.7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 498% month-to-month. As a result, the export price attained the peak level of $29,462 per ton. From July 2023 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Plastic Bag Imports in Mexico
In 2022, the amount of plastic sacks and bags imported into Mexico expanded sharply to 171K tons, picking up by 6.6% against 2021 figures. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, plastic bag imports stood at $781M in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
Import of Plastic Bag in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 339 | 322 | 398 | 463 | 10.9% |
China | 111 | 101 | 131 | 151 | 10.8% |
South Korea | 29.2 | 32.7 | 33.7 | 32.6 | 3.7% |
Vietnam | 8.8 | 13.2 | 16.6 | 19.3 | 29.9% |
Thailand | 7.3 | 7.0 | 11.8 | 17.5 | 33.8% |
Canada | 9.9 | 9.1 | 12.1 | 12.6 | 8.4% |
Others | 77.4 | 79.4 | 79.1 | 84.1 | 2.8% |
Total | 582 | 564 | 682 | 781 | 10.3% |
Top Suppliers of Plastic Bag to Mexico in 2022:
- United States (111.1K tons)
- China (34.8K tons)
- South Korea (4.0K tons)
- Thailand (3.6K tons)
- Vietnam (2.8K tons)
- Canada (2.3K tons)
Plastic Bag Exports in Mexico
In 2022, shipments abroad of plastic sacks and bags decreased by -1.5% to 91K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 6.6% against the previous year.
In value terms, plastic bag exports skyrocketed to $464M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
Export of Plastic Bag in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 275 | 284 | 368 | 439 | 16.9% |
Others | 34.0 | 26.3 | 22.6 | 24.9 | -9.9% |
Total | 309 | 311 | 390 | 464 | 14.5% |
Top Export Markets for Plastic Bag from Mexico in 2022:
- United States (87.4K tons)
This report provides an in-depth analysis of the plastic bag 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.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The most significant growth rate was observed in August 2023 with imports rising by 36% compared to the previous month. In terms of value, plastic packaging imports declined substantially to $66M in November 2023.
In August 2023, the growth rate for Plastic Box reached its peak, surging by 38% compared to the previous month. Furthermore, the imports of Plastic Box witnessed a significant rise, reaching a value of $127M in October 2023.
In November 2022, the plastic box price stood at $1,700 per ton (CIF, Mexico), rising by 38% against the previous month.
During the period of May 2023 to June 2023, the exports of Plastic Bottles experienced a slight decline. In terms of value, the exports of Plastic Bottles decreased modestly to $31M in June 2023.
In June 2023, the value of plastic supports imports decreased modestly to $4.1M.
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