Mexico: Ceramic Tile Market 2024

Ceramic Tile Market Size in Mexico

The Mexican ceramic tile market reduced to $X in 2022, shrinking by -7.5% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.3% against 2014 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Ceramic Tile Production in Mexico

In value terms, ceramic tile production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Ceramic Tile Exports

Exports from Mexico

In 2022, shipments abroad of ceramic tiles increased by 12% to X square meters, rising for the second year in a row after three years of decline. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 89%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, ceramic tile exports expanded notably to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 74% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X square meters) was the main destination for ceramic tile exports from Mexico, with a 75% share of total exports. Moreover, ceramic tile exports to the United States exceeded the volume sent to the second major destination, Guatemala (X square meters), eightfold. Chile (X square meters) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+25.3% per year) and Chile (+6.5% per year).

In value terms, the United States ($X) remains the key foreign market for ceramic tiles exports from Mexico, comprising 76% of total exports. The second position in the ranking was held by Guatemala ($X), with a 9.2% share of total exports. It was followed by El Salvador, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+16.3% per year) and El Salvador (+15.2% per year).

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, stabilizing at the previous year. Overall, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 6.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per square meter) and El Salvador ($X per square meter), while the average price for exports to Chile ($X per square meter) and Nicaragua ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.2%), while the prices for the other major destinations experienced a decline.

Ceramic Tile Imports

Imports into Mexico

In 2022, imports of ceramic tiles into Mexico reduced to X square meters, waning by -7.9% against 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 415%. As a result, imports reached the peak of X square meters, and then shrank in the following year.

In value terms, ceramic tile imports dropped to $X in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 415%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of ceramic tile to Mexico, accounting for a 44% share of total imports. Moreover, ceramic tile imports from India exceeded the figures recorded by the second-largest supplier, Spain (X square meters), twofold. The third position in this ranking was taken by China (X square meters), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +451.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.9% per year) and China (-10.4% per year).

In value terms, Spain ($X), India ($X) and Italy ($X) constituted the largest ceramic tile suppliers to Mexico, with a combined 55% share of total imports.

India, with a CAGR of +424.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ceramic tile import price amounted to $X per square meter, remaining relatively unchanged against the previous year. Overall, the import price saw a perceptible decline. The growth pace was the most rapid in 2014 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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