Mexico: Filter Block Market 2024

Filter Block Market Size in Mexico

The Mexican filter block market rose significantly to $X in 2022, increasing by 12% against the previous year. In general, consumption continues to indicate tangible growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Filter Block Production in Mexico

In value terms, filter block production shrank to $X in 2022 estimated in export price. In general, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Filter Block Exports

Exports from Mexico

In 2022, overseas shipments of filter blocks, slabs and plates of paper pulp decreased by 0% to X tons, falling for the third consecutive year after three years of decline. In general, exports faced a sharp downturn. The smallest decline of -0.5% was in 2017. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, filter block exports stood at $X in 2022. Over the period under review, exports saw a significant curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 25% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for filter block exports from Mexico, with a 83% share of total exports. Moreover, filter block exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), more than tenfold. The third position in this ranking was held by Colombia (X kg), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-42.4% per year) and Colombia (-12.3% per year).

It was followed by Colombia, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-40.5% per year) and Colombia (-11.8% per year).

Export Prices by Country

The average filter block export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price posted a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Block Imports

Imports into Mexico

In 2022, overseas purchases of filter blocks, slabs and plates of paper pulp increased by 69% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 831% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, filter block imports skyrocketed to $X in 2022. Overall, imports continue to indicate temperate growth. The pace of growth was the most pronounced in 2014 with an increase of 1,097%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of filter block imports to Mexico.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest filter block suppliers to Mexico were Germany ($X), the United States ($X) and China ($X).

China, with a CAGR of +30.7%, recorded the highest rates of growth with regard to 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

The average filter block import price stood at $X per ton in 2022, increasing by 46% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, filter block import price increased by +78.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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