Latin America and the Caribbean: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Latin America and the Caribbean

The Latin American plastic tableware and kitchenware market declined modestly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Tableware And Kitchenware in Latin America and the Caribbean

In value terms, plastic tableware and kitchenware production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastic Tableware And Kitchenware

Exports in Latin America and the Caribbean

In 2022, approx. X tons of plastic tableware and kitchenware were exported in Latin America and the Caribbean; rising by X% against 2021 figures. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic tableware and kitchenware exports skyrocketed to $X in 2022. Total exports indicated notable 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the main exporter of plastic tableware and kitchenware in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Dominican Republic (X tons) and El Salvador (X tons), together mixing up a X% share of total exports. Peru (X tons), Colombia (X tons), Guatemala (X tons) and Brazil (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic tableware and kitchenware exports from Mexico stood at X%. At the same time, the Dominican Republic (X%), Brazil (X%), El Salvador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Guatemala (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia, El Salvador, Peru and Guatemala saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic tableware and kitchenware supplying countries in Latin America and the Caribbean were Mexico ($X), the Dominican Republic ($X) and El Salvador ($X), together accounting for X% of total exports.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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, reducing by X% against the previous year. In general, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Imports of Plastic Tableware And Kitchenware

Imports in Latin America and the Caribbean

In 2022, plastic tableware and kitchenware imports in Latin America and the Caribbean surged to X tons, jumping by X% against the year before. The total import volume increased at an average annual rate of X% over the period 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%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic tableware and kitchenware imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Chile (X tons), Guatemala (X tons), Brazil (X tons), Peru (X tons) and Colombia (X tons) represented the major importers of plastic tableware and kitchenware, together constituting X% of total imports. The following importers - the Dominican Republic (X tons), Panama (X tons), Costa Rica (X tons), Ecuador (X tons), Nicaragua (X tons), Haiti (X tons) and Honduras (X tons) - together made up X% of total imports.

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

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

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Ecuador ($X per ton), while Honduras ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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