Mexico: Twig Broom Market 2024

Twig Broom Market Size in Mexico

In 2021, the Mexican twig broom market increased by 33% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.2% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Twig Broom Production in Mexico

In value terms, twig broom production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a mild descent. The growth pace was the most rapid in 2016 with an increase of 10%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Twig Broom Exports

Exports from Mexico

In 2021, twig broom exports from Mexico shrank rapidly to X units, dropping by -40.7% against the year before. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 64% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, twig broom exports contracted dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for twig broom exports from Mexico, with a 94% share of total exports. Moreover, twig broom exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -7.1%.

In value terms, the United States ($X) remains the key foreign market for brooms and brushes of twigs exports from Mexico, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -5.4%.

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, jumping by 34% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom export price increased by +41.1% against 2019 indices. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%).

Twig Broom Imports

Imports into Mexico

In 2021, the amount of brooms and brushes of twigs imported into Mexico amounted to X units, almost unchanged from 2020. In general, imports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of 35%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, twig broom imports soared to $X in 2021. Overall, imports, however, saw a slight descent. The most prominent rate of growth was recorded in 2019 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of twig broom to Mexico, with a 76% share of total imports. Moreover, twig broom imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, the largest twig broom suppliers to Mexico were the United States ($X) and China ($X).

In terms of the main suppliers, China, with a CAGR of +2.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average twig broom import price stood at $X per unit in 2021, surging by 20% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom import price increased by +72.2% against 2016 indices. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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