Mexico: Wood Barrel Market 2025

Wood Barrel Market Size in Mexico

For the third consecutive year, the Mexican wood barrel market recorded growth in sales value, which increased by 32% to $X in 2022. Overall, consumption saw a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Wood Barrel Production in Mexico

In value terms, wood barrel production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Wood Barrel Exports

Exports from Mexico

In 2022, approx. X units of casks, barrels, vats, tubs, and coopers products of wood were exported from Mexico; falling by -44% compared with the previous year's figure. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 353%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wood barrel exports contracted dramatically to $X in 2022. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 204%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Exports by Country

The United States (X units) was the main destination for wood barrel exports from Mexico, with a 81% share of total exports. Moreover, wood barrel exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +10.2%.

In value terms, the United States ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by the UK ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.4%.

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, declining by -37% against the previous year. Over the period under review, the export price saw a mild contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 164%. The export price peaked at $X per unit in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+41.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Barrel Imports

Imports into Mexico

For the fourth consecutive year, Mexico recorded growth in supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood, which increased by 37% to X units in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 180%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, wood barrel imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 145% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) was the main wood barrel supplier to Mexico, with a 93% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+26.7% per year) and Chile (+10.9% per year).

In value terms, the United States ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Mexico, comprising 87% of total imports. The second position in the ranking was taken by France ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.5% per year) and Chile (+14.8% per year).

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, surging by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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