Mexico: Abs Copolymers Market 2024

Abs Copolymers Market Size in Mexico

In 2021, the Mexican ABS copolymers market increased by 44% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Abs Copolymers Production in Mexico

In value terms, ABS copolymers production stood at $X in 2021 estimated in export price. Overall, production saw a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 82% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Abs Copolymers Exports

Exports from Mexico

In 2021, after three years of growth, there was significant decline in overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, when their volume decreased by -33.9% to X tons. Overall, exports recorded a mild reduction. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, ABS copolymers exports reduced to $X in 2021. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 40%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ABS copolymers exports from Mexico, with a 79% share of total exports. Moreover, ABS copolymers exports to the United States exceeded the volume sent to the second major destination, China (X tons), eightfold. The third position in this ranking was held by Brazil (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+35.7% per year) and Brazil (+9.1% per year).

In value terms, the United States ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Mexico, comprising 81% of total exports. The second position in the ranking was taken by Brazil ($X), with an 8.1% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+9.6% per year) and China (+32.9% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, increasing by 31% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Abs Copolymers Imports

Imports into Mexico

After two years of decline, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 57% to X tons in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports soared to $X in 2021. The total import value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ABS copolymers imports to Mexico, with a combined 91% share of total imports. China and Spain lagged somewhat behind, together comprising a further 3.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +72.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers suppliers to Mexico were South Korea ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising 90% of total imports. China and Spain lagged somewhat behind, together comprising a further 4.4%.

Among the main suppliers, Spain, with a CAGR of +66.5%, 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

The average ABS copolymers import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Spain ($X per ton), while the price for South Korea ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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