Chile: Plastic Bottle Market 2024

Plastic Bottle Market Size in Chile

In 2022, the Chilean plastic bottle market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Plastic bottle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Plastic Bottle Production in Chile

In value terms, plastic bottle production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Plastic Bottle Exports

Exports from Chile

In 2022, after two years of growth, there was significant decline in shipments abroad of carboys, bottles and similar articles of plastics, when their volume decreased by X% to X tons. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, plastic bottle exports contracted to $X in 2022. In general, total exports indicated a perceptible expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Bolivia (X tons) was the main destination for plastic bottle exports from Chile, with a X% share of total exports. Moreover, plastic bottle exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X tons), sixfold. The third position in this ranking was taken by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Paraguay (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average plastic bottle export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a mild reduction. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

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

Plastic Bottle Imports

Imports into Chile

In 2022, overseas purchases of carboys, bottles and similar articles of plastics increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bottle imports soared to $X in 2022. Over the period under review, total imports indicated resilient growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of plastic bottle to Chile, with a X% share of total imports. Moreover, plastic bottle imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Uruguay (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Peru ($X), China ($X) and Uruguay ($X) constituted the largest plastic bottle suppliers to Chile, with a combined X% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to 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 bottle import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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