MERCOSUR: Plastic Closure Market 2024

Plastic Closure Market Size in MERCOSUR

In 2022, the MERCOSUR plastic closure market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Plastic Closure Production in MERCOSUR

In value terms, plastic closure production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plastic Closure Exports

Exports in MERCOSUR

Plastic closure exports surged to X tons in 2022, increasing by X% against the year before. The total export 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 in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic closure exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Colombia (X tons) and Brazil (X tons) were the major exporters of plastic stoppers, caps and closures in MERCOSUR, together creating X% of total exports. Argentina (X tons) ranks next in terms of the total exports with a X% share, followed by Peru (X%) and Ecuador (X%). The following exporters - Chile (X tons) and Paraguay (X tons) - each amounted to a X% share of total exports.

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

In value terms, Colombia ($X), Brazil ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Colombia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Plastic Closure Imports

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in supplies from abroad of plastic stoppers, caps and closures, which increased by X% to X tons in 2022. 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic closure imports expanded notably 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Chile represented the major importer of plastic stoppers, caps and closures in MERCOSUR, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%), Peru (X%), Argentina (X%) and Ecuador (X%). Paraguay (X tons) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the plastic stoppers, caps and closures imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Paraguay (X%), Ecuador (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.), Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic closure importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to 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 MERCOSUR amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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