Latin America and the Caribbean: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Latin America and the Caribbean

The Latin American plastic household articles market declined slightly to $X in 2022, which is down by -2.4% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Plastic Household Articles Production in Latin America and the Caribbean

In value terms, plastic household articles production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 17%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Household Articles Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of household articles and toilet articles of plastics increased by 0.3% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.9% over the period 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 2014 when exports increased by 24%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, plastic household articles exports rose significantly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +50.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 17%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Mexico represented the major exporter of household articles and toilet articles of plastics in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near 31% of total exports in 2022. Guatemala (X tons) took the second position in the ranking, followed by Brazil (X tons), Peru (X tons), El Salvador (X tons), the Dominican Republic (X tons), Suriname (X tons) and Colombia (X tons). All these countries together held near 62% share of total exports. Costa Rica (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +77.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest plastic household articles supplier in Latin America and the Caribbean, comprising 45% of total exports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total exports. It was followed by Guatemala, with an 11% share.

In Mexico, plastic household articles exports increased at an average annual rate of +11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+6.8% per year) and Guatemala (+13.2% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Suriname ($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 (+7.5%), while the other leaders experienced more modest paces of growth.

Plastic Household Articles Imports

Imports in Latin America and the Caribbean

In 2022, after five years of growth, there was decline in purchases abroad of household articles and toilet articles of plastics, when their volume decreased by -3.5% to X tons. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, plastic household articles imports fell modestly to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +64.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Chile (X tons) and Mexico (X tons) were the largest importers of household articles and toilet articles of plastics in Latin America and the Caribbean, together accounting for near 38% of total imports. It was distantly followed by Bolivia (X tons), Brazil (X tons) and the Dominican Republic (X tons), together constituting a 22% share of total imports. Colombia (X tons), Guatemala (X tons), Nicaragua (X tons), Venezuela (X tons), Haiti (X tons), Costa Rica (X tons), Honduras (X tons) and El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported household articles and toilet articles of plastics in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was held by Chile ($X), with a 12% share of total imports. It was followed by Brazil, with an 8.9% share.

In Mexico, plastic household articles imports expanded at an average annual rate of +6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+7.5% per year) and Brazil (+4.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, showed a perceptible setback. The growth pace was the most rapid in 2014 when the import price increased by 1.7%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guatemala ($X per ton), while Bolivia ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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