Latin America and the Caribbean: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Latin America and the Caribbean

The Latin American market for plastics pipes and pipe fittings contracted modestly to $X in 2022, waning 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 indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in Latin America and the Caribbean

In value terms, plastics pipe and pipe fitting production fell slightly to $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 indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports in Latin America and the Caribbean

In 2022, overseas shipments of plastics pipes and pipe fittings increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a prominent increase 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. Total exports indicated buoyant 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. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Mexico represented the key exporting country with an export of about X tons, which recorded X% of total exports. Costa Rica (X tons) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%), the Dominican Republic (X%) and Chile (X%). Brazil (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the plastics pipes and pipe fittings exports, with a CAGR of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Trinidad and Tobago (X%), Costa Rica (X%) and Guatemala (X%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. By contrast, Chile (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (X p.p.), Brazil (X p.p.), Chile (X p.p.) and Guatemala (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest plastics pipe and pipe fitting supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with an X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the Dominican Republic ($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 Plastics Pipes And Pipe Fittings

Imports in Latin America and the Caribbean

Plastics pipe and pipe fitting imports dropped to X tons in 2022, which is down by X% against 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Honduras (X tons) ranks second in terms of the total imports with a X% share, followed by El Salvador (X%), Nicaragua (X%) and Chile (X%). Brazil (X tons), Peru (X tons), Costa Rica (X tons), Argentina (X tons), Panama (X tons), the Dominican Republic (X tons), Belize (X tons) and Guatemala (X tons) took a little share of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), Belize (X%), Chile (X%), Costa Rica (X%), El Salvador (X%), the Dominican Republic (X%), Nicaragua (X%), Brazil (X%), Guatemala (X%) and Argentina (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. Honduras experienced a relatively flat trend pattern. By contrast, Peru (X%) illustrated a downward trend over the same period. While the share of Panama (X p.p.), Chile (X p.p.) and El Salvador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Belize ($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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