Latin America and the Caribbean: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Latin America and the Caribbean

The Latin American non-cellular polystyrene film market reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Non-Cellular Polystyrene Film Production in Latin America and the Caribbean

In value terms, non-cellular polystyrene film production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Non-Cellular Polystyrene Film Exports

Exports in Latin America and the Caribbean

In 2022, non-cellular polystyrene film exports in Latin America and the Caribbean declined sharply to X tons, reducing by X% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, non-cellular polystyrene film exports totaled $X in 2022. Total exports indicated a tangible 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 most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Mexico dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Brazil (X tons), generating a X% share of total exports. Ecuador (X tons), Costa Rica (X tons), Peru (X tons) and Paraguay (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polystyrene film exports from Mexico stood at X%. At the same time, Ecuador (X%), Costa Rica (X%), Brazil (X%), Peru (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Mexico (X p.p.), Ecuador (X p.p.), Paraguay (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-cellular polystyrene film supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

In Mexico, non-cellular polystyrene film exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export 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 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 Ecuador (X%), while the other leaders experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports in Latin America and the Caribbean

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip imported in Latin America and the Caribbean shrank sharply to X tons, waning by X% on the previous year's figure. The total import 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, non-cellular polystyrene film imports contracted modestly 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 pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Mexico prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Dominican Republic (X%), Peru (X%) and Chile (X%). The following importers - Argentina (X tons) and Brazil (X tons) - each finished at a X% share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%), the Dominican Republic (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Chile (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic, Peru and Mexico increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported non-cellular polystyrene films, sheets, foil and strip in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Mexico, non-cellular polystyrene film imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a slight increase. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Argentina ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform

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