Chile: Plastic Closure Market 2024

Plastic Closure Market Size in Chile

The Chilean plastic closure market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a perceptible 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, consumption increased by X% against 2020 indices. Plastic closure consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Closure Production in Chile

In value terms, plastic closure production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Plastic closure production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Closure Exports

Exports from Chile

In 2022, shipments abroad of plastic stoppers, caps and closures decreased by X% to X tons, falling for the seventh consecutive year after four years of growth. Overall, exports faced a deep setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic closure exports totaled $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Paraguay (X tons) and Argentina (X tons) were the main destinations of plastic closure exports from Chile, together comprising X% of total exports. Uruguay, Ecuador, Peru, Costa Rica and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Colombia ($X), Argentina ($X) and Paraguay ($X) constituted the largest markets for plastic closure exported from Chile worldwide, together comprising X% of total exports. Costa Rica, Peru, Uruguay, Ecuador and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Paraguay ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Chile

In 2022, overseas purchases of plastic stoppers, caps and closures increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic closure imports expanded sharply to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic closure supplier to Chile, with a X% share of total imports. Moreover, plastic closure imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a X% share.

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

In value terms, the largest plastic closure suppliers to Chile were China ($X), Mexico ($X) and Brazil ($X), together comprising X% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw 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

In 2022, the average plastic closure import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :