Rise in Costs in Plastics Sector

A hike in the prices of raw materials and other costs is threatening the dynamism seen in recent years in the plastics industry in El Salvador.

Monday, October 20, 2014

This year, participants in the plastics industry projected lower growth due to the rising price of its main raw material, ethylene monomer, resulting in a rise in the cost of the final product. Among the most affected products are packaging, household and hygiene products.

Ricardo Moran, president of the Salvadoran Association of the Plastics Industry told Laprensagrafica.com that "... polyethylene resins have reached a price of $2,000 per ton, 70% of the raw material is purchased in the United States and the rest in Asia and Europe. The rise is due to the price of natural gas having skyrocketed, as this is the main component. "

More on this topic

Plastic: Somewhere Between Optimism and Uncertainty

September 2020

Although the sector keeps its operations alive thanks to the packaging they produce for the food and cleaning industry, there is uncertainty among entrepreneurs as the demand for bags, brushes, tableware, furniture and other products has contracted.

As a result of the home quarantines that were decreed in the countries of the region in March 2020 due to covid-19, the outlook for the plastics industry fluctuates between optimism and uncertainty in market behavior.

Price Hike in Plastics in El Salvador

September 2014

Further increases in the prices of plastic products are projected due to the global shortage of monomer, the main raw material for manufacturing these products.

The global supply of raw material for plastic manufacturing has not kept pace with demand, leading to a shortage of materials such as ethylene monomer, "... whose price is around $1,500 per ton, comapared to previous years when it was between $600 and $800. "

The Plastics Industry in El Salvador

March 2012

Although the country does lack the basic raw material -oil-, El Salvador is the second largest supplier of plastic products in Central America, after the U.S.

The Salvadoran plastic production industry remains buoyant in the face of adversity, achieving 3% growth in recent years, despite high oil prices and increased electricity rates, highlights the president of the Salvadoran Association of the Plastics Industry (Asiplastic), Ricardo Moran.

Costa Rica: Rising Prices of Plastic Products

May 2011

The decrease in resin production in the U.S. can be explained by the increase of local products.

Bags, tubes, plastic containers and other domestically produced polyethylene products are rising in price because producers have had to bear higher costs in production.

This is explained by the major players in the plastics industry in the country, who claim that the rise in the international price of resin has been appreciating since mid-2010.

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