Key Market Indicators
Aruba's plastic export market is projected to experience a significant decline by 2028. According to recent estimates, the export figure is expected to drop to approximately $80,000, down from around $190,000 in 2023. This represents an average annual decrease of 14%. Historical data reveals that since 2010, Aruba's plastic supply has consistently declined at an annual rate of 8.1%. In stark contrast, Aruba's plastic import market is on an upward trajectory. By 2028, imports are forecasted to reach nearly $39 million, rising from about $36 million in 2023. This growth is driven by a compound annual growth rate (CAGR) of 1.4%. Since 2010, the demand for plastic imports in Aruba has increased by an average of 1.2% per year. These trends highlight a growing demand for plastic products in Aruba, despite the country's dwindling export capabilities.
