Mexico: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2025

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Mexico

In 2022, after three years of decline, there was growth in the Mexican market for cellular plates, sheets and films of polyymers of styrene, when its value increased by 2.6% to $X. The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Mexico

In value terms, production of cellular plates, sheets and films of polyymers of styrene reached $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.2% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 22%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Mexico

After six years of growth, overseas shipments of cellular plates, sheets and films of polyymers of styrene decreased by -12.1% to X tons in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 98%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 99%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Mexico, accounting for a 96% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +9.7%.

In value terms, the United States ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Mexico, comprising 97% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 3.1% 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 export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, increasing by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+54.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Mexico

In 2022, supplies from abroad of cellular plates, sheets and films of polyymers of styrene was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 74% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to Mexico, with a 70% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +8.9%.

In value terms, the United States ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Mexico, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +8.0%.

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, shrinking by -5.4% against the previous year. Overall, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).

Source: IndexBox Platform

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