Latin America and the Caribbean: Plastic Bottle Market 2024

Plastic Bottle Market Size in Latin America and the Caribbean

The Latin American plastic bottle market expanded slightly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Bottle Production in Latin America and the Caribbean

In value terms, plastic bottle production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Plastic Bottle Exports

Exports in Latin America and the Caribbean

After five years of growth, shipments abroad of carboys, bottles and similar articles of plastics decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, plastic bottle exports soared to $X in 2022. The total export 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, El Salvador (X tons), Uruguay (X tons) and Mexico (X tons) represented the major exporter of carboys, bottles and similar articles of plastics in Latin America and the Caribbean, generating X% of total export. Paraguay (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%) and Guatemala (X%). The Dominican Republic (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bottle supplying countries in Latin America and the Caribbean were Mexico ($X), El Salvador ($X) and Uruguay ($X), with a combined X% share of total exports. Guatemala, Peru, the Dominican Republic and Paraguay lagged somewhat behind, together comprising a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Plastic Bottle Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of carboys, bottles and similar articles of plastics, which increased by X% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic bottle imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Brazil represented the largest importer of carboys, bottles and similar articles of plastics in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Mexico (X tons), Guatemala (X tons), Chile (X tons), Honduras (X tons), Nicaragua (X tons) and Jamaica (X tons), together achieving a X% share of total imports. Costa Rica (X tons), the Dominican Republic (X tons), Panama (X tons), Haiti (X tons), Colombia (X tons) and Argentina (X tons) held a minor share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of carboys, bottles and similar articles of plastics. At the same time, Panama (X%), Chile (X%), the Dominican Republic (X%), Honduras (X%), Costa Rica (X%), Guatemala (X%), Jamaica (X%), Haiti (X%) and Nicaragua (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%), Colombia (X%) and Mexico (X%) illustrated a downward trend over the same period. Chile (X p.p.), Guatemala (X p.p.), Honduras (X p.p.), Panama (X p.p.), Jamaica (X p.p.), the Dominican Republic (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Guatemala ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Nicaragua, Chile, Costa Rica, Jamaica, Honduras, Panama, Colombia, the Dominican Republic, Argentina and Haiti lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, recorded the highest growth rate of 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 import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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