Mexico: Aramids Staple Market 2024

Aramids Staple Market Size in Mexico

In 2021, the Mexican aramids staple market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aramids Staple Exports

Exports from Mexico

In 2021, the amount of aramids staple exported from Mexico contracted rapidly to X tons, with a decrease of -32.3% on the previous year. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 137%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, aramids staple exports reduced to $X in 2021. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aramids staple exports from Mexico, accounting for a 80% share of total exports. Moreover, aramids staple exports to the United States exceeded the volume sent to the second major destination, France (X kg), sixfold. The third position in this ranking was held by Brazil (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.7% per year) and Brazil (-0.2% per year).

In value terms, the United States ($X) remains the key foreign market for aramids staple exports from Mexico, comprising 90% of total exports. The second position in the ranking was taken by France ($X), with a 4.6% share of total exports. It was followed by Brazil, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-19.0% per year) and Brazil (-3.2% per year).

Export Prices by Country

In 2021, the average aramids staple export price amounted to $X per ton, picking up by 35% against the previous year. In general, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to France ($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 Canada (+78.1%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into Mexico

In 2021, supplies from abroad of aramids staple increased by 119% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a buoyant increase. Over the period under review, imports hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, aramids staple imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of aramids staple imports to Mexico, together comprising 67% of total imports. South Korea, the Netherlands and Germany lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +87.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aramids staple suppliers to Mexico were the United States ($X), Spain ($X) and China ($X), with a combined 73% share of total imports. South Korea, the Netherlands and Germany lagged somewhat behind, together accounting for a further 9%.

South Korea, with a CAGR of +81.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, picking up by 6.5% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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