Mexico - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Mexico - 2023
Contents:
- Plastic Closure Price in Mexico (FOB) - 2023
- Plastic Closure Price in Mexico (CIF) - 2022
- Plastic Closure Exports in Mexico
- Plastic Closure Imports in Mexico
Plastic Closure Price in Mexico (FOB) - 2023
In June 2023, the average plastic closure export price amounted to $3,767 per ton, increasing by 29% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 115% month-to-month. Over the period under review, the average export prices reached the peak figure in June 2023.
Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was the United States ($3,603 per ton), while the average price for exports to Canada ($2,445 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.7%), while the prices for the other major destinations experienced a decline.
Plastic Closure Price in Mexico (CIF) - 2022
In 2022, the average plastic closure import price amounted to $4,293 per ton, dropping by -2.5% against the previous year. Overall, the import price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 495%. Over the period under review, average import prices reached the maximum at $34,431 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($10,766 per ton), while the price for the United States ($3,145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Exports in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of plastic stoppers, caps and closures, which increased by 10% to 149K tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic closure exports rose sharply to $533M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Plastic Closure in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 278 | 311 | 386 | 431 | 15.7% |
| Colombia | 10.1 | 8.5 | 12.9 | 11.4 | 4.1% |
| Canada | 6.0 | 4.6 | 8.2 | 10.5 | 20.5% |
| Guatemala | 6.6 | 4.7 | 7.7 | 10.0 | 14.9% |
| Others | 62.4 | 51.0 | 79.0 | 69.9 | 3.9% |
| Total | 363 | 380 | 493 | 533 | 13.7% |
Top Export Markets for Plastic Closure from Mexico in 2022:
- United States (129.1K tons)
- Canada (3.5K tons)
- Guatemala (2.9K tons)
- Colombia (2.3K tons)
Plastic Closure Imports in Mexico
In 2022, imports of plastic stoppers, caps and closures into Mexico soared to 116K tons, jumping by 18% on the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% 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 immediate term.
In value terms, plastic closure imports stood at $499M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plastic Closure in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 242 | 225 | 259 | 285 | 5.6% |
| China | 28.3 | 36.3 | 44.3 | 59.3 | 28.0% |
| Germany | 20.5 | 30.1 | 25.7 | 31.7 | 15.6% |
| Italy | 9.1 | 11.3 | 13.7 | 18.9 | 27.6% |
| Others | 79.8 | 79.9 | 92.5 | 104 | 9.2% |
| Total | 379 | 383 | 435 | 499 | 9.6% |
Top Suppliers of Plastic Closure to Mexico in 2022:
- United States (90.7K tons)
- China (8.1K tons)
- Germany (2.9K tons)
- Italy (1.5K tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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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