Latin America and the Caribbean: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Latin America and the Caribbean

The Latin American plastic reservoir market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Latin America and the Caribbean

In value terms, plastic reservoir production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Reservoir Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of plastic reservoirs, tanks and vats increased by X% to X tons, rising for the fourth year in a row after three years of decline. Total exports indicated a resilient 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 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic reservoir exports surged 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 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Guatemala (X tons), Trinidad and Tobago (X tons), Mexico (X tons), the Dominican Republic (X tons) and Peru (X tons), together achieving a X% share of total exports. Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic reservoir exports from Brazil stood at X%. At the same time, Peru (X%), the Dominican Republic (X%), Mexico (X%), Trinidad and Tobago (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, the Dominican Republic and Peru increased by X, X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest plastic reservoir supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

In Brazil, plastic reservoir exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 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 failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Costa Rica ($X per ton) and the Dominican Republic ($X per ton), while Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Plastic Reservoir Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of plastic reservoirs, tanks and vats increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, plastic reservoir imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Chile (X tons), followed by El Salvador (X tons), Mexico (X tons), Honduras (X tons), Paraguay (X tons), Peru (X tons) and Brazil (X tons) represented the key importers of plastic reservoirs, tanks and vats, together creating X% of total imports. Panama (X tons), Argentina (X tons), Guyana (X tons), Nicaragua (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

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

In value terms, Chile ($X), El Salvador ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Peru, Honduras, Mexico, Paraguay, Argentina, Panama, Costa Rica, the Dominican Republic, Nicaragua and Guyana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Panama, with a CAGR of X%, saw 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, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 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 Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform