Peru: Plastic Bag Market 2024

Plastic Bag Market Size in Peru

The Peruvian plastic bag market declined to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Plastic Bag Production in Peru

In value terms, plastic bag production contracted 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 2019 when the production volume increased by X%. Plastic bag production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Plastic Bag Exports

Exports from Peru

For the third year in a row, Peru recorded growth in shipments abroad of plastic sacks and bags, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic bag exports declined to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Chile (X tons) was the main destination for plastic bag exports from Peru, with a X% share of total exports. Moreover, plastic bag exports to Chile exceeded the volume sent to the second major destination, Ecuador (X tons), fivefold. The third position in this ranking was held by Bolivia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Bolivia (X% per year).

In value terms, Chile ($X), Ecuador ($X) and Bolivia ($X) appeared to be the largest markets for plastic bag exported from Peru worldwide, together accounting for X% of total exports. The Dominican Republic, the United States, Costa Rica, Trinidad and Tobago, Panama, Colombia and Venezuela lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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 average plastic bag export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Peru

In 2022, the amount of plastic sacks and bags imported into Peru surged to X tons, rising by X% against the previous year's figure. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic bag imports surged to $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic bag to Peru, with a X% share of total imports. Moreover, plastic bag imports from China exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. The third position in this ranking was taken by India (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic sacks and bags to Peru, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Israel (X% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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